"Interactive Telesis Selected by Essengent to Develop and Host Custom IVR Application; Interactive Telesis Selected for Depth of Experience in Interactive Voice Response
May 24 2001 08:30AM
Business Editors/High-Tech Writers
SAN DIEGO--(BUSINESS WIRE)--May 24, 2001--Interactive Telesis(TM), Inc. (OTCBB:TSIS), a provider of interactive voice response (IVR) and speech-enabled hosting services, today announced that it has been selected by EssengentTM to host and develop a custom IVR application for the financial industry. Under the agreement, Interactive Telesis will perform all technical development, testing, installation and hosting of the application.
Essengent provides one source for end-to-end Web-based and traditional communications solutions. Whether online collaborative meetings or high-speed Internet access, Essengent's services are built to scale to any size business -- promoting increased performance by effectively clearing a pathway to efficiency for small and large customers alike.
Developed by Essengent, the IVR application is designed to allow financial analysts to call into the IVR application throughout the day and record market commentaries for institutional investors. Investors can then access, via phone, any of the recorded analyst commentaries at their convenience to receive up-to-date information on various industries. The application also provides a separate module for transcribers to call and transcribe the individual commentaries into text for "hard copy" purposes.
"Today's announcement with Essengent continues to validate our short-term mandate of driving towards revenue-generating opportunities," said Andrew Schachter, Interim CEO of Interactive Telesis. "By offering technically superior IVR solutions with outstanding engineering support and implementation, Interactive Telesis is enabling its customers to focus on their core business while trusting us to use the right combination of managed hosting and professional services to allow them to cost-effectively scale their applications."
"Once the trial period for the application has passed, it is expected to generate approximately $175,000 in revenue its first full year," said Schachter.
"Interactive Telesis' hosting capabilities and depth of experience in IVR will enable us to bring our application to market quickly and effortlessly," said Ray Urrutia, CEO of Essengent. "After exploring many options, we felt that Interactive Telesis provided the best solution to meet our growth needs and will be a strong technical partner in the evolution of our services. We expect this to be the first of many hosting assignments for Interactive Telesis."
About Essengent L.L.C.
Essengent, L.L.C., a privately held company, is the first communications provider to combine traditional voice and data, plus innovative Internet and wireless services to create a holistic off-to-online telecomm strategy for business -- Invergence(SM). An independent reseller, Essengent guarantees the integrated solutions that are easy-to-use and cost-effective for online meeting and streaming, wireless Internet access, Web hosting and hi-speed access, local and long distance services, and more. For additional information about Essengent and Invergence, visit www.essengent.com or call 866/700-1314.
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 IVR and speech recognition without the high cost of ownership, capital outlay and internal IT staff requirements. Clients include industry leaders such as Wells Fargo, Global Crossing, Lucent, MCI Worldcom, Nike, Sprint, Verizon, Yahoo! and others. Interactive Telesis is headquartered in San Diego, Calif. For additional information, visit www.interactivetelesis.com.
Note to Editors: 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. Certain statements in this release are forward looking and are based on Company management's current expectations. Risk factors that could cause future results to vary materially from such expectations are detailed in the Company's filings with the Securities and Exchange Commission."
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