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SpeechSwitch, Inc. announces change to company Board of Directors
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SpeechSwitch, Inc. announced that it had
accepted the resignation of Mr. Jerry Mahoney as Non-Executive Chairman of the Company and will appoint Mr. Mark Meller as a new member of the
Board of Directors.
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Matawan, NJ (2/7/2008) - SpeechSwitch, Inc. (OTCBB: SSWC), a leader in speech recognition technology, today announced that it had accepted the resignation of Mr. Jerry Mahoney as Non-Executive Chairman of the Company and will appoint Mr. Mark Meller as a new member of the Board of Directors.
Mr. Meller is currently CEO and a director of both MM2 Group, Inc. and Trey Resources, Inc. From October 2004 until January 2007, he was also Chief Executive Officer and Director of Deep Field Technologies, Inc. From August 2005 until August 2006, Mr. Meller served as Chief Executive Officer of iVoice Technology, Inc. Mr. Meller was also previously, for over 15 years, Chief Executive Officer of Bristol Townsend & Co., Inc., a New Jersey based consulting firm providing merger and acquisition advisory services to middle market companies. Mr. Meller is an attorney and a member of the Bar of the State of New York.
"I want to thank Mr. Mahoney for his assistance on the board and look forward to keeping a close working relationship with him in the future. I welcome Mr. Meller, who will bring a wealth of experience and expertise to SpeechSwitch, and am extremely pleased that he has agreed to join us," said Bruce Knef, President and Chief Executive Officer of SpeechSwitch. "The board will play a vital role in advancing SpeechSwitch in the coming months."
About SpeechSwitch, Inc:
SpeechSwitch previously was a wholly owned subsidiary of iVoice, Inc. (OTCBB: IVOI) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders. SpeechSwitch, Inc. was incorporated in New Jersey on November 10, 2004 as a wholly owned subsidiary of iVoice, Inc. It is engaged in the design, manufacture, and marketing of specialized telecommunication equipment. Our products use standard open-architecture PC platforms and Microsoft Windows operating systems, thereby facilitating the rapid adoption of new PC-based technologies while reducing overall product costs. We concentrate our product development efforts on software rather than hardware because we believe that the most efficient way to create product value is to emphasize software solutions that meet customers' needs. We have traditionally used standard PC-related hardware components in our products, in part, to limit our need to manufacture components. Our manufacturing operations consist only of the installation of our proprietary software and, if required, a voice board, into a fully assembled PC system which we obtain from several different vendors. The Company obtains system components such as PCs, circuit boards, application cards, fax boards, and voice boards from various suppliers. Our flagship product is our Speech-enabled Auto Attendant product. The Auto Attendant engages callers in a natural language dialog and is ready to transfer a caller to an extension for the party the caller is trying to reach at any time. Callers can interrupt the Auto Attendant at any time by barging in on the prompts and simply saying the name of the person or department they wish to speak to.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SpeechSwitch, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language. www.speechswitch.com
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SpeechSwitch, Inc.
Editorial Contact:
Bruce Knef
732-441-7700
brucek@speechswitch.com
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