FOR IMMEDIATE RELEASE:
John Rafacz, or Sara Faiola
Faiola Davis Public Relations
Phone: (310) 248-5454
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
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.
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.
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."
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."
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."
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 1-408-360-7730.
TranslationWave (www.translationwave.com), 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.