To: TokyoMex who wrote (1680 ) 3/23/1998 1:02:00 PM From: Robert Kruse Read Replies (1) | Respond to of 34592
MDCE just recommended by Undervalued Dog; is at .24/.25 all buy orders have been coming in; they say it is a good buy up to $1.00 CHECK THE ADDED NEWS RELEASE AT THE END AS WELL.... Also talked to Mike Irving at a PR representing Applied Voice (AVRI), who is merging with MEMO, a stock you said to watch this morning. AVRI is up over a point today to $3.50 and rising. MEMO in the merger with AVRI gets .6 shares of AVRI for each share of MEMO, so MEMO is UNDERVALUED at 1.375 (current price). FAIR VALUE ON MEMO = $2.10 based on AVRI's current price. I ask Mike if there was any chance the merger may not go through and Mike said very unlikely. He talked to the CEO of MEMO,who was very positive about it. Besides MEMO is undervalued and going nowhere without AVRI....also it's a happy marriage with MEMO hardware and NASDAQ status and AVRI's exciting software. Plus check out AVRI's news release of better than 400% rev increase. Mike is especially pumped about AVRI's usage in the medical industry. Doctors LOVE AVRI's dictation software...highly accurate, but also want a portable dictation hardware device (which MEMO has), so the doctors are not tied to their PC for dictation. One doctor was apparently so pumped he wanted to buy 10% of the company...so Mike said. But he seems a reasonable and accurate guy...got a good feeling that he alone could drive up the stock. See his posting in the AVRI thread. PHONE NUMBER: 407-682-2001 MIKE IRVING TO RECAP: WHY IS AVRI wanting to merge with MEMO? To get their NASDAQ status and portable dictation device.... Whatcha think Joe? IS THE .6 shares of AVRI solid? or can it be noegotiated away? (SEE BELOW)...is buying MEMO worth the slight risk? HOUSTON (March 18) BUSINESS WIRE -March 18, 1998--Applied Voice Recognition Inc. (OTCBB:AVRI) today announced that it has signed a letter of intent to merge with Voice It Worldwide Inc. (NASDAQ: MEMO). Voice It shareholders will receive six-tenths (.6) of a share of AVRI stock for each share of Voice It stock, with AVRI being the surviving entity. The closing is subject to negotiation of a definitive agreement by March 31, 1998, approval by the respective shareholders and certain other conditions. The transaction is anticipated to close during the third quarter of 1998.