iVoice to Enter into Merger and Acquisition Discussions with Several Companies
MATAWAN, NJ -iVoice Inc. (OTCBB:IVOC), a developer of speech recognition technology, announced a recently adopted acquisition strategy employed to take advantage of low industry valuations and weak IPO market. As an initial stage to a transaction, the company will enter into discussions with several companies that have expressed interest in merger or acquisition transactions. "These transactions would enable these target companies to access the capital markets, providing resources that are difficult to obtain in light of current market conditions." Said Jerry Mahoney of iVoice. "We recognize the difficulty in obtaining capital funding and have become aware of many companies who are anxious to enter the public market. We intend to bring to bear our total resources to enhance our overall shareholder value. A merger or acquisition transaction, if consummated, with these target companies will do exactly that." Mahoney goes on to state: "While the downturn in equity values in the past few years have discouraged many investors and negatively impacted the IPO market, especially in technology related fields, we believe it to be an opportunity for iVoice to expand its asset base and increase shareholder value. Given the high level of deal flow and the high level of interest in our company, we should be able to announce more definitive details in the very near future and hopefully bring several of these transactions under discussion to fruition."