Interactive Telesis: Corporate Update
SAN DIEGO--(BUSINESS WIRE)--May 31, 2001--Interactive Telesis(TM) Inc. (OTCBB:TSIS - news), a provider of custom interactive voice response (IVR) and speech-enabled hosting solutions, today provided an update to shareholders on its ongoing corporate development activities.
The company reported:
Beta testing for substantial IVR application
Business update for subsidiary, Paragon Voice Systems
Launch of Investor Relations Web site
Relocation of corporate headquarters
Beta Testing for Substantial IVR Application
Beta testing is underway for a substantial IVR application. The pilot is expected to last 60-90 days, but may be extended or completed earlier than scheduled based on initial results. In accordance with the terms of the agreement, the customer name has not been disclosed. It is expected that the fully deployed application will generate approximately $500,000 annually. Full deployment is dependent upon a successful pilot.
Business Update for Subsidiary, Paragon Voice Systems
Paragon Voice Systems is working on multiple initiatives utilizing the latest speech recognition technologies including speech recognition, speaker verification and text-to-speech. The initiatives have already generated approximately $300,000 in revenue for the past four months. In accordance with the terms of each agreement, the customer names have not yet been disclosed. Further disclosure is expected to take place within 30 days.
Launch of Investor Relations Web Site
In an effort to provide better communication to its shareholders, Interactive Telesis will launch an Investor Relations Web site that will include:
15-minute delayed stock quotes & charts
Complete transcripts of all Corporate Updates
Financial Statements
Email Alerts
Calendar of IR Events
According to JJ Jeffrey, Investor Relations Manager of Interactive Telesis, ``The new Investor Relations site parallels our strategy to offer more effective and open communication with our shareholders. It will also provide the company with the necessary bandwidth to be proactive with institutional investors.''
The site is scheduled to launch on or about July 1, 2001.
Relocation of Corporate Headquarters
Interactive Telesis will relocate its corporate headquarters from Del Mar, Calif. to a new location; further details will be provided upon completion of all legal requirements. The company will operate from its new offices on or about Sept. 1, 2001. The new headquarters will also house the company's subsidiary, Paragon Voice Systems, and will provide an annual savings of approximately $250,000.
``This move reflects our ongoing drive to profitability,'' said Andrew Schachter, interim CEO of Interactive Telesis. ``The $20,000 monthly savings will be a tremendous boost to our bottom line in the first quarter of our next fiscal year (August 1, 2001).''
About Interactive Telesis
Interactive Telesis specializes in custom 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 Global Crossing, Lucent, MCI, Nike, Sprint, Wells Fargo, Worldcom, Verizon, Yahoo! and others. Interactive Telesis is headquartered in San Diego. For additional information, call 858/523-4000 or visit www.interactivetelesis.com.
Interactive Telesis is a trademark of Interactive Telesis Inc. All other trademarks are properties of their respective owners
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