Haven't been following VTPI, but I did see this about it.
>>> (NYSE:AUD) Automatic Data Proc
* VISUAL TELEPHONE INTERNATIONAL, INC. COMPLETES MERGER WITH IVOICE.COM AND
RECEIVES CONTRACT AWARD WITH AUTOMATIC DATA PROCESSING
PR Newswire - May 21, 1999 12:35
ABERDEEN, N.J., May 21 /PRNewswire/ -- Visual Telephone International, Inc. (OTC
Bulletin Board: VTPI) 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).
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.
/CONTACT: Joel Beagelman of iVoice.Com, 732-441-7700, or fax,
732-441-9895, or Infomation@iVoice.Com/
/Web site: ivoice.com
(VTPI AUD)
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