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iVoice Continues to Penetrate Multi-million Dollar Education Market THURSDAY, AUGUST 14, 2003 9:00 AM - BusinessWire MATAWAN, N.J., Aug 14, 2003 (BUSINESS WIRE) -- iVoice, Inc. (OTC Bulletin Board: IVOC), a leader in speech recognition technology, today announced the successful installation of its Speech Enabled Auto Attendant at the Penn Yan School. Using digital connectivity, Penn Yan School implemented a complete 16-port solution that included iVoice Speech enabled Auto Attendant, Voice Mail and Unified Messaging and was able to save thousands of dollars over their proprietary PBX manufacturers' similar applications. According to the Telecommunications Industry Association's (TIA) "2002 Telecommunications Market Review and Forecast", spending on unified messaging systems is predicted to rise to $3.5 billion in 2005 from $1.2 billion in 2001, growing at a 32.1 percent compound annual growth rate. Unified messaging was the fastest growing segment of the voice processing market with a 12.6 increase in 2001 over 2000. Unified messaging markets will surge in 2004 and 2005 as Voice-over-Internet-protocol replacements of legacy private branch exchange (PBX) systems accelerate. With iVoice Unified Messaging, your voice, fax, and e-mail messages arrive in one location, simplifying the management and organization of vital information. Remote telephone access can play back voice messages and reroute fax and e-mail messages to the nearest fax machine or another pre-assigned Internet access. The Unified Messaging system can even play back your e-mail messages using state-of-the-art Text-to-Speech technology. Unified Messaging stores all communications in one universal mailbox that can be accessed anytime from the telephone or PC. A single mailbox located on a client/server system makes administration simple and cost effective. About Penn Yan School Penn Yan Central School District consists of three schools, 2,087 students, 194 professional staff, 179 support staff, 12 administrators and an annual budget of $19,875,648. Elementary Schools are housed in two locations. Penn Yan Elementary School is located on the main school campus in Penn Yan, and Branchport Elementary School is located in the town of Branchport approximately eight miles outside the village. About iVoice, Inc. iVoice, Inc. designs, manufactures and markets innovative voice and computer telephony communications systems for businesses and corporate departments. Its speech-enabled communication systems and software are designed to be cost effective solutions that improve a users calling experience by streamlining the call handling process through speech recognition technology. iVoice has demonstrated and met interoperability standards for many of the world's top telephony equipment manufacturers' PBX systems 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: iVoice, Inc. iVoice, Inc. Investor Relations: Dolores Serafin-Sloboda 1-732-441-7700 and say "Investor Relations" investors@ivoice.com www.ivoice.com | ||||||||||||||
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