Pit Bull welcome to the thread. Your compliments are most appreciated.
I too have been following BAOA & HABE they appear to be good plays.
AVRI is an exciting company that appears to be turning the corner from R&D/product development to actually cranking out product. The company has developed a voice recogniniton software/system that has tremendous implications for the medical community. The Physician dictates his notes into the digital recorder, plugs the recorder into a PC and his notes are then put to the digital manuscript,if you will. What this does is cut his/her transcriptionist's time in a 1/3 for publishing the notes. The thing that has the medical community (and NASA & Texas A&M, etc.) excited about this is the software recognizes and processes all those $25.00 medical words!! Big thing as you can imagine!! Also latest news of new IR firm on the street is getting the word out to the right people.
Here is the DD you requested. There is some more good DD on the AVRI thread as well:
Advanced Voice Recognition, Inc.
OTC_BB: AVRI
PH# 713-621-5678
Shares Outstanding: 12.9M-13.2M (New IR Firm KCSA says 12.9M/AVRI says 13.2M)
Shares in the Float: 2.2M
Current bidxask:1.50x1.687 (11:20 EST 7/16/98)
Debt=0 (per Bill Kennedy @ AVRI)
Company:
The company has been is in the Medical transcription business. The company has developed and is now marketing a product that allows a physician to dictate medical notes into a digital Dictaphone and plug the recorder into a PC and have the notes downloaded into a word processor file for clean up and printing. The great thing about this is the voice recognition technology is customized to each physician (or scientist or whomever) personal verbiage. So if your podiatrist starts rattling on about your bad ankle with all those $25.00 medical words, the voice recognition picks that up and will print it out. Why you ask would someone want this technology, well physician, as well as other professionals, hire transcriptionists or secretaries to do this work and if we can save the transcibers time by having all the notes right in front of him/her on a computer screen in a word processor, then all they have to do is a little grammar work and wallah! The company sells this Service bills it out at $400/month with a 39 month contract to sign up. Right now the service is being used at the Baylor Medical system, NASA & Texas A&M University to name a few some of you may have heard of. (also shows the diversity of applications for the service)
News:
AVRI just hired on KCSA in NY for IR services. KCSA is big time Wall Street. Talked to Paul Holm & Joe Mansi both with KCSA (212) 896-1205 or-1201 yesterday and a big time investment bank is set up. NASDAQ listing should be by year end. Oh Yeah, KCSA also represents Lernhout & Hauspie, another giant in the audio/voice recognition world. KCSA should help get the recognition on the street that AVRI deserves when it cracks into the NASDAQ.
Links:
More DD:
insidewallstreet.com
Chart:
(see a trend with the news? This is the 1 yr, look at a 5 day on this one- looks pretty good!!)
chart3.bigcharts.com.
Per Karen @ IR with AVRI the down turn was attributable to Rule 144 expirations being sold and then a general reaction by other investors seeing the exodus causing a sell off. (Take it for what you will) I see it as a price bottom/ground floor opportunity, others may see something else.
Company Web Site:
voicecommander.com
(pretty cool site too!)
As usual this is for informational purposes only. There is no notice to buy or sell this or any other equity. And of course my favorite, "do your own DD"
Johnny Ro
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