Registry Magic Signs Worldwide Distribution Agreement with Tadiran Telecom
-- International Telecom Manufacturer Adds Virtual Operator Speech Recognition to its Product Line --
BOCA RATON, Fla.--(BUSINESS WIRE)--May 25, 1999-- Registry Magic® (Nasdaq:RMAG - news) announced today that Tadiran Telecommunications Inc (TTI), a worldwide leader in advanced telecommunication solutions, has signed a definitive agreement to market and sell the Virtual Operator®, a Registry Magic speech recognition telephony product. The agreement allows TTI to distribute the Virtual Operator through their extensive domestic and international network of distributors. TTI is currently merging with ECI Telecom Ltd. (Nasdaq:ECILF - news).
''Based on our thorough analysis, we found Registry Magic's technology and product to be the leader in accuracy, simplicity, functionality and price performance,'' said John Dabnor, Director of Business Development for TTI. ''Speech recognition is quickly emerging as a 'must have' technology for our leading edge customers. We are pleased to distribute the Virtual Operator to address this tremendous opportunity.''
''TTI is a very strong distribution partner for Registry Magic'', said Bill Burbank, Vice President of Sales and Marketing for Registry Magic. ''We are excited to expand the sales of the Virtual Operator through their extensive distribution coverage, complementary products and commitment to customer service.''
The Virtual Operator is an award-winning telephone solution that uses proprietary speech recognition technology that listens, understands, and responds to a caller's conversational request. Capable of answering simultaneous calls, the Virtual Operator eliminates placing callers on-hold and allows callers to reach an employee or department quickly by just saying their name without the need for inefficient touch-tone menus. Named a 'National Treasure' by the Smithsonian Institution, the Virtual Operator can save a company thousands of dollars in operational costs, improve customer service and enhance corporate image. Used internally, the Virtual Operator can be used as a voice activated directory for an organization. Internationally, where touch-tone technology may not be prevalent, the Virtual Operator can provide voice activated telephone automation enabling advanced applications not available by other means.
Registry Magic is a leader in the commercialization of speech recognition technologies. The company's offerings listen and understand naturally spoken words in performing repetitive employee tasks to improve operational efficiencies, personal productivity and customer satisfaction. For more information, please visit www.registrymagic.com.
Tadiran Telecommunications Incorporated specializes in a variety of telecommunications fields, including transport and access systems, wireless local loop, digital public switching, data communications, multiplexing equipment, and business telecommunications systems. The company provides innovative solutions to telecommunications operators and other businesses throughout the world. For more information, please visit www.tadirantele.com or www.ecitele.com.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements. Readers are cautioned that such forward-looking statements involve risk and uncertainties including without limitation the general risks associated with the intense competition and rapid technological change characteristic of the computer telephony and speech technology markets. The forward-looking statements contained herein speak only as of the date of this release and are subject to risks set forth in Registry Magic's reports filed with the Securities and Exchange Commission. Registry Magic expressly disclaims any obligations or undertaking to publicly release any updates or revisions to any such statement to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.
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