Carnegie International gets $3.7 mln deal
BALTIMORE-, Dec 9 (Reuters) - Carnegie International Corp. on Wednesday said it has
entered into a definitive agreement worth $3.7 million with Tiller International of Monte
Carlo, Monaco, to license, market and distribute its proprietary MAVIS voice-activated
platform in Russia and other Eastern European countries.
Following the deal, Carnegie said it is optimistic it will exceed its previously-announced projection of earnings of $0.16 basic
per share for 1998. The company said it projects 1999 sales of about 10,000 MAVIS units, will generate about $40 million in
revenue.
The deal, to be recorded in the fourth quarter of 1998, will substantially reduce the balance of Carnegie's long-term debt, the
company said.
Earlier this week, the company announced its Profit Thru Telecommunications subsidiary of Sheffield, U.K., reached an
agreement valued at $2 million with Precitel of Neuchatel, Switzerland, a private company specializing in the sale and
distribution of telecommunications equipment, to integrate MAVIS with French and German language modules from Lernout &
Hauspie Speech Products NV (Nasdaq:LHSPF - news).
MAVIS is a voice-activated auto attendant, which answers incoming calls and, upon the caller's verbal instruction, recognizes
the name or department requested and directs the call accordingly.
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