News today - this came from the company. I haven't seen it on Business Wire yet (8:45 PST):
NORRIS COMMUNICATIONS AND VOICE IT WORLDWIDE, INC.
AGREE TO CANCEL LETTER OF INTENT
SAN DIEGO, Calif., Jan. 22, 1997---Norris Communications Inc.
(NASDAQ: NCII) and Voice It Worldwide, Inc. of Fort Collins, CO (NASDAQ:
MEMO) have mutually agreed not to pursue the manufacturing and distribution
letter of intent announced on December 6, 1996.
Norris Communications Inc. is a Delaware based corporation. It
trades on the NASDAQ (small cap) stock market under the symbol NCII. Norris
Communications markets OEM products worldwide including the MicroOS
imbedded systems software operating system, Multichip modules, private label
products and custom-designed products. The company has patented the
Flashback(R) Digital Voice Recorder, sound recording techniques and
features, which position it as the world leader in digital flash memory
audio recording. The company operates out of its world headquarters in
Poway, California (San Diego) and through Norris Communications Ltd. in the UK.
Voice It Worldwide, Inc. designs, develops and markets personal
consumer electronics products. Voice It recorders use computer chip
technology to capture ideas, thoughts and reminders in portable, hand-held
products, about the size of a credit card. The products are available in
approximately 5,000 retail outlets, including department stores, catalog
showrooms, office super stores, mass merchants and electronic specialty
stores in the United States and in 15 countries internationally. Voice It
Worldwide, Inc. common stock trades on the NASDAQ Small Cap tier of the
stock market under the symbol "MEMO".
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