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Technology Stocks : General Magic

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To: James Strauss who wrote (9961)5/1/2002 6:21:17 PM
From: Sully-   of 10081
 
VoiceGenie Delivers General Magic's magicTalk Enterprise Platform To Customers Worldwide

VoiceXML Leader VoiceGenie Will Leverage General Magic's J2EE-based magicTalk Enterprise Platform to Deliver Complete Voice Solutions to Carriers and Enterprises for Rapid Application Deployment

SUNNYVALE, Calif. & TORONTO--(BUSINESS WIRE)--May 1, 2002-- General Magic, Inc. (Nasdaq:GMGC - news), a pioneer in enterprise voice infrastructure software, and VoiceGenie Technologies, Inc., a leading provider of VoiceXML Gateway solutions serving millions of end-users at enterprises and institutions worldwide, today announced they have signed a value-added reseller partnership agreement. Under the agreement VoiceGenie will provide its carrier and enterprise customers with General Magic's magicTalk® Enterprise Platform for rapid VoiceXML application development in J2EE(TM) environments. With the General Magic platform, companies using VoiceGenie solutions - including its Linux-based VoiceXML Gateway with multi-speech vendor support and carrier-grade OA&M (operations, administration and management) Suite - will have unprecedented flexibility in how they deploy on-premise VoiceXML application solutions.

Stuart Berkowitz, VoiceGenie President & CEO, said, "Our carrier and enterprise customers are enthusiastic about the ease and speed with which they can build and deploy J2EE-based voice applications using General Magic's magicTalk Enterprise Platform. In addition to an advanced J2EE voice infrastructure software platform, our customers will gain use of the General Magic patent for `Voice User Interface with Personality' enabling the design of human-like voice user interfaces (VUIs). Our agreement with General Magic affirms our commitment to providing our customers with best-in-class products for voice-enabling the enterprise."

"VoiceGenie is a highly respected and successful player in the industry and this agreement is evidence of the growing market traction that our magicTalk Enterprise Platform is gaining," said Kathie Layton, General Magic CEO. "We look forward to significantly expanding our customer base through our indirect channel strategy, with VoiceGenie as one of our charter reseller partners. The magicTalk Enterprise Platform is supportive of VoiceGenie's commitment to deliver to the demand for open, standards-based voice solutions," Layton added.

Layton noted that, with the magicTalk Enterprise Platform as a product offering, VoiceGenie has a solid foundation for enabling rapid voice application development and deployment. The magicTalk Enterprise Platform is a suite of enterprise-class voice infrastructure software designed for Web/Java developers that simplifies and speeds all phases of voice application development, integration and deployment. Architected on the Java 2 Enterprise Edition (J2EE) platform, the magicTalk Enterprise Platform enables businesses to rapidly add conversational voice access to enterprise systems, while leveraging existing e-business infrastructure investments and reducing application development time.

About VoiceGenie

VoiceGenie is the worldwide leader in VoiceXML Gateways, Development Environments, and Tools. Each day, deployed VoiceGenie infrastructure answers over one million calls. The VoiceGenie VoiceXML Gateway - first to offer 100% VoiceXML 1.0 and 2.0 compliance and first with support for multiple speech- and text-to-speech engines - allows any phone to access Voice Web applications developed using VoiceXML. VoiceGenie's customers and partners comprise many leading organizations, including AT&T, France Telecom, SAP, Lucent, Intel, SpeechWorks, Nuance, Oracle, Eli Lilly, and more. VoiceGenie's Gateway was ranked #1 hosted VoiceXML Gateway by CT Labs, and given the 2001 Innovation Award by TMC Labs. Please call 416.736.6105 or visit www.voicegenie.com.

About General Magic

General Magic is a leading voice infrastructure software company that provides enterprise-grade software and supporting voice dialog design and hosting services that enable companies to quickly and efficiently provide anytime, anywhere access to information and services over the telephone. General Magic's VoiceXML & J2EE(TM)-based solutions enable enterprises to easily integrate voice access into enterprise applications using a broad selection of speech recognition technologies and telephony interfaces. These solutions make voice a strategic tool in helping businesses improve the customer experience, reduce transaction costs, and provide high quality, voice branded access to content and services. General Magic is headquartered in Sunnyvale, Calif. For additional information, visit www.generalmagic.com.

General Magic notes that the forward-looking statements in this press release, which speak only as of the date hereof, involve known and unknown risks, uncertainties and other factors that may cause industry trends, or actual results, performance or achievement to be materially different from any future trends, results, performance or achievements expressed or implied by these statements. These include, among others, risks and uncertainties concerning the adequacy of the Company's financial resources to execute its business plan and to support its continuing operations; the Company's dependence on a principal customer under contracts that may not be renewed; market acceptance of the Company's voice application products and services; the risk that the Company's stock may be delisted from The Nasdaq National Market; the Company's ability to generate sufficient revenues from its products and services to operate profitably; the Company's ability to attract, retain and motivate key technical, sales, marketing and management personnel; the ability of the Company to establish and maintain relationships with businesses that have high volume customer interactions, and to establish alliances with companies that offer technology solutions for such businesses; the challenges inherent in the development, delivery and implementation of complex technologies; the ability of the Company's third party technology partners to timely develop, license or support technology necessary to the Company's services; and the Company's ability to respond to competitive developments. These and other risks and uncertainties are detailed in General Magic's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 1, 2002.

General Magic and magicTalk are trademarks of General Magic, Inc., which may be registered in some jurisdictions. VoiceGenie VoiceXML Gateway is a trademark of VoiceGenie Technologies Inc.

--------------------------------------------------------------------------------
Contact:

UpStart Communications
Andrew Miller, 510/457-3117
amiller@upstart.com
or
VoiceGenie Technologies, Inc.
Lorraine Neal, 416/736-6105. Say "Lorraine Neal"
lorraine@voicegenie.com

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