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Technology Stocks : Brite Voice (BVSI) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Willoughby who wrote (362)	6/15/1998 1:22:00 PM
From: Alf	Respond to of 495

Monday June 15, 1:00 pm Eastern Time Company Press Release SOURCE: Brite Voice Systems, Inc. Brite and Philips Join Forces to Deliver the First Complete Natural Language Speech Recognition Solution ORLANDO, Fla., June 15 /PRNewswire/ -- Brite Voice Systems (Nasdaq: BVSI - news) and Philips Speech Processing today announced the first global platform agreement designed to capture the worldwide natural language speech recognition market through combined technology. The multi-million dollar agreement allows for the integration of Philips' unique speech recognition software into Brite's application development environment, expanding Brite's growing portfolio of enhanced telecommunications and interactive information systems. ''We completed an extensive review of available speech recognition technology in pursuit of the best choice for Brite and our customers,'' stated David Gergacz, President and CEO for Brite. ''We feel confident that Philips not only brings a superior understanding of our business to the relationship, they can deliver a best of breed product coupled with a wide array of languages to support our global initiatives.'' The implementation of the two and half-year global agreement will progress in a series of three phases. The ultimate result will be the complete integration of Philips SpeechMania based natural language information service into the core of Brite's application development environment where it will be incorporated into a single development application for all voice and speech activities. This will allow both interactive voice response (IVR) applications and speech recognition applications to share common voice storage and prompt generation, in addition to enhancing transfer speeds and capacity. ''This partnership firmly supports the Philips strategy of becoming the dominant speech technology provider through key global partners. It will enable both organizations to seriously push the latest speech recognition technologies as total solutions into the telephony market place, establishing Brite as a major provider of the latest speech processing applications,'' explained Ron van den Bos, President and CEO of Philips Speech Processing. About Brite Voice Systems Brite is a world leader in providing enhanced telecommunications systems and interactive information systems. Brite's products include prepaid and enhanced calling card systems for wireless and wireline communications companies, and IVR-CTI for businesses and organizations. The company also provides managed service capabilities for these products as well as telecommunications management services. Brite's world headquarters are located in Heathrow, Florida, a suburb of Orlando, and has offices worldwide. Contact Brite at 1-800-SEE-BRITE, or visit the web site at www.brite.com. About Philips Speech Processing Philips has over 40 years' of experience in the development and marketing of dictation products and is the largest producer of professional dictation systems worldwide. The company also developed the revolutionary technology of natural continuous speech recognition and is one of the market leaders for products and technology in this fast growing market. Philips Electronics of The Netherlands is one of the world's biggest electronics companies, with sales of over US $39 billion in 1997. It is a global leader in color television sets, lighting, home telephony products, electric shavers and recorded music (Polygram). Its 264,700 employees in more than 60 countries are active in the areas of semiconductors and components, consumer products and systems, lighting, and software and services. Philips Speech Processing website is at www.speech.be.philips.com. SpeechMania is a trademark of Philips Speech Processing. Brite is a trademark of Brite Voice Systems, Inc. Other product and company names are used herein for identification purposes only and may be trademarks of their respective companies. Certain states within this news release may be considered ''forward- looking'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include projections regarding future market growth and are based upon the companies' current expectations and assumptions which are subject to unknown risks that may cause the actual results to be materially different from such projections.