FOR IMMEDIATE RELEASE:
John Rafacz, or Sara Faiola
Faiola Davis Public Relations
Phone: (310) 248-5454
InternetSpeech Signs Deal with NeTrue to Extend Distribution of Voice Internet Technology to China
Revenue-Sharing Deal to Introduce InternetSpeech's netECHO Technology to ISPs and Businesses in Key Asian Markets
SAN JOSE - June 11, 2001 - - InternetSpeech, the leader in voice Internet and developer of netECHO, the only technology that delivers complete anywhere, anytime Internet access with a telephone, today announced that it has entered into a revenue-sharing pact with NeTrue Communications, Inc., (NTU.U:CDNX), a leading provider of IP-based communications solutions. Per the terms of the deal, InternetSpeech will license its netECHO technology to NeTrue for sale to ISPs and enterprises throughout China.
InternetSpeech's netECHO technology is the only existing voice Internet solution that provides real-time access to the entire Web with any phone, allowing users in any country to hear information from English Web sites in their own language. The netECHO voice Internet solution is particularly appealing to Internet Service Providers (ISPs), telecommunications companies and businesses in major international markets because of its highly-scalable and platform agnostic nature, its customizable features that provide consumers with the ability to surf the Web, listen to and reply to emails and more across international boundaries.
"InternetSpeech is working with NeTrue to unlock the full potential of the Chinese Internet market by providing consumers with the means to access information and engage in e-commerce," said Dr. Emdad Khan, founder, president and CEO of InternetSpeech. "The Internet has been able to link the world together, but InternetSpeech will be the company that truly connects it."
With NeTrue holding a leadership position in the Chinese market, today's deal holds significance for InternetSpeech as it advances its strategy of expanding business efforts in Asia, a burgeoning opportunity for Internet usage. Soon, InternetSpeech will broaden into Europe and South America.
"Maintaining NeTrue's leadership position in Asia as the premier provider of integrated IP and wireless network solutions will be enhanced by the ability to offer technologies like InternetSpeech's netECHO to ISPs and businesses," said Eric Gurr, CEO of NeTrue, Inc. "We're excited about the fact that InternetSpeech can help Asian consumers move in Internet time and not be hindered by language barriers."
the leader in Voice Internet,
develops and markets netECHO, the only software available that provides businesses and consumers
complete anytime, anywhere voice-based telephone access to the Internet. The company's
patent-pending technology can be bundled with other products, such as traditional computer-based
Internet access or voice mail, and can be customized to meet individual business needs, such as
employee access to Intranet sites. InternetSpeech also offers business software that automates
the process of voice-enabling a company's Web site and applications in any language, furthering
the development of a globally connected voice Internet.
a privately held company headquartered in San Jose, Calif.,
launched netECHO in November 2000. For more information about InternetSpeech, visit
www.InternetSpeech.com, or call 1-877-312-4638.
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About NeTrue Communications:
NeTrue Communications Inc. (NTU.U: CDNX) is a leading provider of intelligent, software-driven network management solutions for next-generation, IP-based communications networks. NeTrue Vipersat Networks is a Satellite Network Solutions provider for private enterprise and public Internet applications utilizing advanced IP technology to support high quality switched multi-media wireless communications. To learn more about NeTrue, visit the Web site at
netECHO is a registered
trademark of InternetSpeech.