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Preferred Voice Announces Completion of Equity Offering
DALLAS, TX. Nov. 26, 2001-- Preferred Voice, Inc. (OTC BB: PFVI) announced the
completion of a private equity offering that raised $3 million in gross proceeds
from institutional and individual investors. This additional capital will
support the Company's continued deployment of its speech recognition services
and technologies to telecommunications carriers, application providers and
enterprise partners.
"The successful completion of the Private Placement
keeps the company on track to complete its deployment schedule and reach our
financial goal of breakeven by the end of the second quarter of calendar 2002"
said Bill Schereck, President and COO. While terms of the private placement were
not disclosed, a full description of the offerings is available in the company's
8K SEC filing of November 21, 2001.
Preferred Voice has built a proven
record in providing voice recognition services and technologies to the
telecommunications industry. Preferred Voice currently distributes voice
activated dialing services to both wireline and wireless carriers across the US.
Additionally, Preferred Voice's Network Services Group provides carrier
provisioning, call management and service delivery to carriers via Preferred
Voice's private SS7 VoIP Network. Preferred Voice's Network Services Group also
provides numerous programs for third party application providers including
service delivery to telecom carriers worldwide.
About Preferred Voice
Based in Dallas, TX, Preferred Voice, Inc. (OTC BB: PFVI) is a leading
voice recognition technology company. Through its Carrier Services Group,
Preferred Voice markets its products and services to wireless, ILEC and CLEC
companies across the United States. These enhanced voice services include Safety
Talk voice activated dialing, voicemail navigation, VAC voice accessed content,
voice calling cards, BusinessConnect voice directory assistance and EmmaPR voice
telephone receptionist. Preferred Voice's Network Services Group provides
carrier connectivity, call management, provisioning and service delivery
solutions for carriers, voice portal providers, wireless application providers
and other enhanced features providers. Preferred Voice has signed agreements
with 45 telecom carriers. These telecom carriers serve more than 5.5 million
subscriber lines in 36 states. For more information please visit
www.preferredvoice.com.
SOURCE: Preferred Voice, Inc.
This press
release contains forward-looking statements. Since all statements about
Preferred Voice's plans, estimates and expectations are based on current
projections that involve risks and uncertainties, and are subject to change at
any time, the company's actual results may differ materially from expected
results. Readers should consider these risks and uncertainties, which are
discussed in documents filed by Preferred Voice, Inc., with the Securities and
Exchange Commission. These documents identify important factors that could cause
the actual results to differ materially from those contained in the
forward-looking statements. Preferred Voice, Inc. expressly disclaims any
obligation to update any forward-looking statements.
Company Contact:
Bill Schereck
President / COO
(214) 265-9580
wschereck@preferredvoice.com
Agency Contact:
Ira Weingarten
Equity Communications
(805) 897-1880
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