RMAG 1.3 mil float and news out today.
RMAG is engaged in the development and marketing of applications software incorporating core speech recognition technology. RMAG products are designed to enable a user to perform tasks or retrieve information by speaking into a telephone or computer. For the three months ended 10/31/98, revenues totalled $282 thousand, up from $113 thousand. Net loss totalled $1.1 million, up from $316 thousand. Results reflect the addition of computer software sales, offset by higher personnel costs.
PR:
Registry Magic Joins AT&T, Lucent and Motorola to Standardize Voice Access to the Internet
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BOCA RATON, FLA. (March 4) BUSINESS WIRE -March 4, 1999-- Open Standard Can Allow Companies To Extend Their Internet Reach
to
Anyone in the World With a Voice and Telephone
Registry Magic(R) (Nasdaq:RMAG) announced it has joined with AT&T (NYSE:T), Lucent Technologies (NYSE:LU), and Motorola
(NYSE:MOT) in the formation of the Voice eXtensible Markup Language Forum (VXML Forum) to make the resources of the World Wide
Web accessible to anyone by speaking into a telephone.
The Forum aims to drive the market for voice- and phone-enabled Internet access by promoting a standard specification for VXML, a
computer language used to create Web content and services.
"The VXML initiative is a powerful step in establishing an industry standard in which Registry Magic can provide companies with products
and services to expand their Internet reach to anyone in the world with a voice and telephone, not just those in front of a PC or with PC
skills. Registry Magic is excited to join forces with these industry leaders to standardize voice access to the Internet." said Walt Nawrocki,
CEO and President of Registry Magic.
Examples of VXML uses include allowing a salesperson to dial into a corporate intranet from any phone and using conversational interaction
to receive real-time order status information. Similarly, users could access Web-based weather, sports or traffic information, banking
transaction services, and other electronic commerce applications without touching a computer keyboard.
"Just as standardization of HTML (Hypertext Markup Language) drove the adoption of traditional Web applications, standardization of
VXML will drive the adoption of voice-enabled applications," said Maria Martinez, vice president and general manager, Internet and
Connectivity Solutions Division (ICSD), Motorola, Inc. "We are pleased to have Registry Magic join us in this initiative."
Named a 'National Treasure' by the Smithsonian Institution, Registry Magic's Virtual Operator(R) technology performs the tasks of a live
employee using conversational speech recognition technology. The recipient of many industry awards, the Virtual Operator is in use by both
small and Fortune 500 size companies alike in industries including finance, insurance, manufacturing, distribution, automotive and call centers.
Internationally, where touch-tone technology may not be prevalent, the Virtual Operator technology can provide telephone automation
where not available by other means.
For additional information on the VXML forum, visit the web site at www.vxmlforum.org.
Registry Magic is a leader in conversational speech recognition technologies, products and services. The company's award-winning products
utilize proprietary technologies from Registry Magic and Lernout & Hauspie (Nasdaq:LHSPF) and understand spoken words making it easy to
access data and perform human-like tasks. Registry Magic is a Dialogic (Nasdaq:DLGC) Platinum Partner and a member of the Nortel
Networks (NYSE:NTL)Business Affiliate Program, the Siemens Ready Program, and the NEC (Nasdaq:NIPNY) Fusion Program. Authorized
dealers and distributors include among others, Entex Information Systems, Inter-Tel (Nasdaq:INTL), and Teleco. For more information on
Registry Magic products and services, please call 888/762-4428 or visit the Web site at www.registrymagic.com.
All trademarks or registered trade names are property of their respective holders. Except for the historical information contained herein, the
matters discussed in this news release are forward-looking statements. Readers are cautioned that such forward-looking statements involve risk
and uncertainties including without limitation the general risks associated with the intense competition and rapid technological change
characteristic of the computer telephony and speech technology markets. The forward-looking statements contained herein speak only as of
the date of this release and are subject to risks set forth in Registry Magic's reports filed with the Securities and Exchange Commission.
Registry Magic expressly disclaims any obligations or undertaking to publicly release any updates or revisions to any such statement to reflect
any change in expectations or any change in events, conditions or circumstances on which any such statement is based.
-0- APS/se*
CONTACT: L & L Communications
Media Relations
Lisa Buyer-Atkinson, 954/426-5127
lisa@llcomm.com
OR
Investor Relations
Frank Hawkins, 305/852-2383
fhawk@hawkassociates.com
OR
Sales/Product Information
Donna Marvin, 561/367-0408
donna.marvin@registrymagic.com
KEYWORD: FLORIDA
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