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John Rafacz, or Sara Faiola
Faiola Davis Public Relations
Phone: (310) 248-5454 or

InternetSpeech Inks Deal with TranslationWave to Provide Language Translation Component in netECHO™

For the First Time, International Businesses and Consumers can Hear English Web Sites, the Majority on the Internet, in Their Own Language


SAN JOSE - June 5, 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 selected TranslationWave, a globalization company transforming the Internet into a truly universal platform of communication, to provide the language translation component in netECHO™.

By integrating TranslationWave's real-time translation software into netECHO™, InternetSpeech can now customize its break-through voice Internet solution for Internet Service Providers (ISPs), telecommunications companies, businesses and consumers in major international markets. With netECHO™ and TranslationWave combined, users in any country can, for the first time, hear information from English web sites in their own language. According to the companies, the majority of the Internet is in English, leaving a vast part of it unusable by millions of people.

InternetSpeech and TranslationWave will share revenue from sales made as a result of the jointly-developed voice Internet solution. Additionally, both companies have agreed to share all marketing and sales responsibilities of their respective technologies to further expand multi-lingual Internet access and communications.

"InternetSpeech is dedicated to bringing the entire Internet to the masses worldwide through voice and the telephone. By joining forces with TranslationWave, we are making our vision a reality," said Dr. Emdad Khan, founder, president and CEO of InternetSpeech. "Together, we can provide simple, complete Internet access to more people - especially those without a computer - and help businesses strengthen their e-commerce and wireless services, build profitable voice-controlled Supply Chain Management and Customer Relationship Management solutions and more overseas. Any international company can benefit from the new translation capabilities netECHO offers."

InternetSpeech intends to first focus its business efforts on the Chinese and Japanese markets, both of which are burgeoning opportunities for Internet usage. Later, the company is going to target Europe and South America.

"The synergy we have with InternetSpeech is perfect for our long-term growth," said Dil Gujral, president and CEO of Globetech Ventures (GTVCF), a venture capital firm that is the parent to TranslationWave. "We align with companies that match our determination to elevate global Internet access and communications in different languages. InternetSpeech is a technology innovator that we believe can drive Internet connectivity and commerce to new heights."

InternetSpeech's next milestone is to add natural language processing, as well as the ability for end users to personalize their favorite Internet content into categories, such as "MyEmail" or "MyStocks."

About InternetSpeech:
InternetSpeech, 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.

InternetSpeech, a privately held company headquartered in San Jose, Calif., launched netECHO™ in November 2000. For more information about InternetSpeech, visit (, or call 1-408-360-7730.

About TranslationWave:
TranslationWave (, is a globalization company that transforms the Internet into a truly universal platform of communication. By providing an economical medium for foreign exposure, globalization and multilingual communication, the Company prepares websites and businesses for emerging markets. Our translation technology suite includes the following products and services: *Dynamic and Static Translation of: real-time email, database, PC-based software applications, text, chat room and website

netECHO™ is a registered trademark of InternetSpeech.

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