Fonix Corporation Selects Digital River to Provide E-Commerce Operations For Distribution of Consumer Applications
March 26, 2002 10:00:00 AM ET
SALT LAKE CITY, March 26 /PRNewswire-FirstCall/ -- Fonix(R) Corporation (OTC Bulletin Board: FONX), a leading provider of natural-user interface technology solutions for wireless and mobile devices, Internet and telephony systems, and vehicle telematics, announced that it has signed an e-commerce agreement with Digital River, Inc. DRIV. As part of the agreement, Digital River, a leading global e-commerce outsource provider, will manage and host the consumer e-commerce site located at www.fonix.com . The collaboration is expected to help Fonix reach a larger consumer market and generate greater awareness of its catalog of innovative products.
"In teaming up with Digital River, we are working with one of the best e-commerce outsource providers in the world," said Kirk Feller, vice president and general manager, Consumer Applications, Fonix Corporation. "Customers will receive excellent customer service, an industry-leading uptime rate, and the ability to download Fonix products efficiently and directly from the new e-commerce site."
The Fonix e-commerce site offers consumers Fonix speech recognition and text-to-speech products, including: iSpeak, a personal text reader that converts text to speech and reads it in a natural, human-sounding voice; TimeTalk Alert, the scheduling assistant that organizes and reads appointments and tasks from a Pocket PC; TimeTalk, a product for Pocket PCs that announces the current time at regular intervals or with a quick tap of a stylus; and Commander, the revolutionary speech recognition application that allows users of handheld devices to launch applications or tasks using voice commands.
"Digital River is pleased to be working with Fonix. We look forward to continue expanding our presence in the handheld and PC markets," Jay Kerutis, Digital River's president of Software and Digital Commerce Services, noted. "As an e-commerce outsource provider, we take great care in managing and growing the e-commerce operations of innovative companies such as Fonix Corporation. We offer not only a world-class e-commerce infrastructure, but also access to our software publisher and retailer network, which is comprised of thousands of client sites, used for third-party marketing and selling of products."
In addition to hosting and managing the new e-commerce site, Digital River will provide strategy development, transaction management, electronic software delivery, e-returns, 24-hour customer service, fraud prevention and e-marketing services.
About Fonix Corporation
Fonix Corporation (OTC Bulletin Board: FONX) is a leading provider of natural-user interface technology solutions for wireless and mobile devices, Internet and telephony systems, and vehicle telematics. Leading chip manufacturers, independent software and hardware vendors, and Internet content and service providers incorporate Fonix technology to provide their customers with an easier and more convenient user experience. Fonix products, including Automatic Speech Recognition (ASR), Text-To-Speech (TTS) Recognition, and Handwriting Recognition (HWR), provide the most natural communication solutions available. For additional information, visit www.fonix.com or contact a Fonix representative at (801) 553-6600.
Investor Contact, Michelle Aamodt, (801) 328-0161, invrel@fonix.com
About Digital River
Founded in 1994, Digital River is a leading global e-commerce outsource provider, offering more than 13,000 companies complete e-commerce systems and services. The company's world-class infrastructure and professional services are proven to grow businesses quickly and profitably while reducing risk. Digital River's commerce services include e-commerce strategy, site development and hosting, order and transaction management, system integration, product fulfillment and returns, e-marketing and customer service. Digital River's clients include Symantec, Motorola, Fujitsu, 3M, Siemens, Polaris, Major League Baseball, Novell, Autodesk, SONICblue, Adaptec and Staples.com. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
Note: The statements released by Fonix Corporation that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that the forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental, and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release.
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