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Preferred Voice Selects AT&T Hosting and Internet Backbone Services
DALLAS, June 19 - Preferred Voice, Inc. (OTC Bulletin Board: PFVI),
headquartered in Dallas, said today it signed a contract to purchase AT&T
Web hosting and OC-48/OC-192 Internet backbone services. Terms of the agreement
were not released.
Preferred Voice will host applications at AT&T's
new Internet Data Center in Dallas, one of AT&T's 16 facilities around the
country that provide businesses with end-to-end hosting services and direct
connections to the company's high-speed Internet Protocol (IP) backbone.
Preferred Voice is developing and deploying a private, nationwide Voice
Over IP network dedicated to deliver a broad menu of speech-driven, enhanced
services to wireless, ILECs, CLECs and other distribution partners. The new
network, which is expected to come on line in several phases with the first
phase completed early in the fourth quarter this year, will be for the exclusive
use of Preferred Voice's marketing partners.
Preferred Voice, which
currently has 31 independent telcos and wireless carriers under long-term
contract, originally planned to deploy its equipment at hundreds of remote
locations. Additionally, through its Enterprise Program, Preferred Voice has
numerous marketing and distribution agreements in place with resellers and
distributors of its services across the U.S. with similar deployment challenges.
Now, the company intends to consolidate these deployments at AT&T's Internet
Data Center.
Preferred Voice provides participating telcos with enhanced
services including Voice Activated Dialing, Voice Navigated Voicemail, 1-411
services, Voice Conferencing, and Voice Accessed Content (VAC) offering the
latest news, sports, weather, financial, entertainment, stock quotes, and more,
in a streaming audio to millions of wireless and wireline users nationwide. In
addition, by utilizing a network-based delivery of information, most telcos will
be able to roll out Preferred's voice activated services to its entire customer
base on a single start date, thereby facilitating more effective marketing
approaches.
According to Bill Schereck, Preferred Voice President and
COO, ``With its network in place, the company can now change its marketing to
reflect the dramatic changes this creates in the economics of the speech
recognition services business. The company's original plan of providing voice
dialing at a price per month per customer to compare with DTMF Speed Dialing has
been achieved.''
"Voice-activated dialing is a commercial opportunity
and a social issue at the national level,'' noted Mark Plakias, Senior VP of
Voice & Wireless at The Kelsey Group. ``While everybody else in the industry
is trying to sell first and then install, Preferred Voice has created the voice
infrastructure that allows carriers to activate VAD and other applications
immediately, with minimal capital expenditure. This is the scenario carriers
want, because it offers fastest time-to-market."
About Preferred
Voice, Inc.
Based in Dallas, TX, Preferred Voice, Inc. is a leading voice
recognition technology company that markets its services to wireless, ILEC and
CLEC companies across the United States. Preferred Voice's enhanced voice
services include voice activated dialing, voicemail navigation, voice accessed
content, voice calling cards and voice telephone receptionist. All of these
voice services overlay on their existing wireless and wireline phones as a voice
alternative to touchtone. Preferred Voice has signed agreements with 31 telecom
carriers that serve more than 4.5 million subscriber lines in 34 states. For
more information and a live demonstration, please visit www.preferredvoice.com.
Forward Looking Statements
Except for historical information
contained herein, the statements in this release are forward-looking and made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause the company's actual results in future
periods to differ materially from forecasted or expected results. Those risks
include, among other things, the competitive environment in the industry in
general and in the company's specific market areas, inflation, changes in costs
of goods and services and economic conditions in general and in the company's
specific market area. Those and other risks are more fully described in the
company's filings with the Securities and Exchange Commission.
This
press release contains forward-looking statements. Statements regarding
financial matters contained in this press release, other than historical facts,
are forward-looking. 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. Investors 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 projections or forward-looking
statements. Preferred Voice, Inc. expressly disclaims any obligation to update
any forward-looking statements.
SOURCE: Preferred Voice, Inc.
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