"Interactive Telesis Reports First Fiscal Quarter Results"
"Thursday December 14, 8:32 am Eastern Time
Press Release
Interactive Telesis Reports First Fiscal Quarter Results
SAN DIEGO--(BUSINESS WIRE)--Dec. 14, 2000--Interactive Telesis(TM) Inc. (OTCBB:TSIS - news), an innovator of speech-enabled hosting services, today announced consolidated financial results for the first quarter which ended Oct. 31, 2000.
Unaudited consolidated revenues for the first fiscal quarter were $790,208 with a consolidated net loss of $1,418,478. This represents a revenue decrease of 34% from the first quarter of fiscal 2000. As reported previously, the decrease was primarily due to the loss of AT&T, a Record and Replay customer.
The first quarter consolidated net loss of $1,418,478 reflects the inclusion of the company's share of losses of $151,205 incurred during the period by Paragon Voice Systems (Paragon) along with the amortization of $31,280 in goodwill associated with the acquisition of Paragon.
``The company's first quarter results reflect our on-going investment in expanding our voice network,'' said Donald E. Cameron, chief executive officer of Interactive Telesis. ``This expansion will position the company as a major player in the emerging speech recognition market -- a market that industry analysts predict to be a multi-billion dollar market by 2005.''
``With the recent capital infusion from Hambrecht and Quist Guaranty Finance, the company plans to continue this infrastructure build-out,'' added William R. Adams, chief financial officer of Interactive Telesis. ``Voice hosting requires a significant capital investment up front, but the market opportunity and recurring revenue potential present a tremendous upside.''
The Kelsey Group forecasts that the voice medium will create a $12 billion voice ``e-cosystem'' by 2005. Interactive Telesis is emerging as a key player in the growing voice applications segment of this market. Recently, Interactive Telesis expanded its voice hosting infrastructure into Exodus Communications, the largest Internet data center company. The expansion will facilitate the rapid deployment and immediate scalability of speech applications for Interactive Telesis customers.
Interactive Telesis' first quarter earnings conference call will be held at 3:00 PM PST (6:00 PM EASTERN) on Dec. 14, 2000. To access the conference call, dial 888/813-7836. The playback will be available on the company's InvestorREACH(TM) line at 888/812-2020 from Dec. 18, 2000 through Jan. 19, 2001.
About Interactive Telesis
Interactive Telesis specializes in interactive voice response (IVR) services and deployment of automated speech recognition (ASR) technologies. Interactive Telesis presents a very compelling offering for companies wishing to leverage the benefits of speech recognition without the high cost of ownership, capital outlay and internal IT staff requirements. Clients include industry leaders such as Excite@Home, Global Crossing, JambaTalk, Lucent, MCI Worldcom, Nike, Sprint, Verizon, Yahoo! and others. Interactive Telesis has headquarters in San Diego. For additional information, visit www.interactivetelesis.com.
Interactive Telesis is a trademark of Interactive Telesis Inc. All other trademarks are properties of their respective owners.
Forward-Looking Statement Disclaimer
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify these forward-looking statements by words such as ``expect,'' ``anticipate,'' ``believe,'' ``estimate,'' ``intend,'' ``plan,'' and similar expressions. These statements involve a high degree of risk and uncertainty that exist in the company's operations and business environment and are subject to change based on various factors that could cause actual company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the company's new and uncertain business model, uncertainty regarding acceptance of the company's products and services and the company's limited operating history.
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Contact:
Interactive Telesis Inc.
Elizabeth Myers (media), 800/995-5798
or
JJ Jeffrey (investors), 888/546-2957"
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