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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Whisperer! who wrote (15633)	5/21/1999 12:43:00 PM
From: Joe Copia	Respond to of 25711

VTPI news Friday May 21, 12:20 pm Eastern Time Company Press Release SOURCE: Visual Telephone International, Inc. VISUAL TELEPHONE INTERNATIONAL, INC. Completes Merger With iVOICE.COM And Receives Contract Award With AUTOMATIC DATA PROCESSING ABERDEEN, N.J., May 21 /PRNewswire/ -- Visual Telephone International, Inc. (OTC Bulletin Board: VTPI - news) and INTERNATIONAL VOICE TECHNOLOGIES, CORP. have jointly announced that their merger has been consummated. The Company also announced that it has entered into an initial contract with AUTOMATIC DATA PROCESSING, the largest payroll processing company in the world. iVoice.Com also reported the receipt of an initial contract with AUTOMATIC DATA PROCESSING (ADP) (NYSE: AUD - news). Jerome Mahoney, President, stated, ''We expect to become ADP's primary vendor for specialized Voice and Speech applications in the coming years. This is an enormous boost to our already strong second quarter revenues.'' The application software and hardware has been designed to establish a payroll report process, and ADP's Enhanced Preview Register (EPR) application will be installed on supported equipment. This enhancement is fully expandable to meet the requirements for future releases. The software application will be written in a standard language code (C, C++, and Visual Basic, Visual C) without proprietary customization. ADP will access and control application, development and hardware environment. The volume capability of this system is 10,000 outgoing calls per business day. The Company has completed projects for many clients, including: Emerson Radio Corp, Northern Telecom Ltd., Riki Lake Show, the Smithsonian, Visa (USA Fulfillment) Sheraton Hotels and Resorts and Fisher Scientific. iVoice.Com possesses leading technology of PC/Computer Telephony Integrated(''CTI'')-based call processing systems. The Company's software products enable any business and office to communicate more effectively by integrating their traditional office telephone systems with voice mail, automated attendant and interactive voice response functions. The company provides Voice Mail, Unified Messaging, and Interactive Voice Response (IVR) products that allow information in PC databases to be accessed from a standard touch-tone telephone. iVoice.Com's products are designed to be ''people oriented'', with features that can be readily used without special training or manuals. The Company's principal products, Visions 2001 and IVT Insight, incorporate this philosophy. iVoice.Com will also market the Visual EZ line of video conferencing products. iVoice.Com is located at 1230 Highway 34, Aberdeen, NJ 07747. Telephone number: 732-441-7700, Fax number: 732-441-9895, Website: www.iVoice.Com Email: Infomation@iVoice.Com. NOTE: Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, and intellectual property rights, and the outcome of competitive products, risks in product development, the results of financing effort, the ability to complete transactions, and other risks identified in this release, and the Company's Securities and Exchange Commission filings. SOURCE: Visual Telephone International, Inc. c