Fortress Investment Group LLC (FIG)

[pennystock_es]

Anything new partnership with FIG & ANDR ?

BOHEMIA, N.Y. (February 18, 2014) – Andrea Electronics Corporation (OTCBB: ANDR - News), a leading
developer of hardware and software microphone technologies, today announced that it has sold a portion of its
future intellectual property (IP) revenues for $3 million, and it secured a $4 million credit facility backed by a
portion of its IP portfolio from an affiliate of funds managed by Fortress Investment Group, a leading global
investment firm with approximately $58 billion in assets.
After 80 years of business, Andrea Electronics Corporation continues to expand. The Company has been
innovating and marketing products based on cutting-edge technologies for decades, executing on its vision to
provide voice input solutions for customers requiring high quality audio input for speech driven applications.
This financing strengthens Andrea Electronics’ financial position, enabling it to increase its product marketing,
sustain continued research and development, and expand its IP licensing efforts. . “We are excited to be backed
by a company as illustrious as Fortress and believe this transaction will enable us to maximize the value of our
intellectual property for our shareholders,” said Douglas J. Andrea, president and chief executive officer of
Andrea Electronics.
A summary of the transaction is available in the Company's Report on Form 8-K filed to be filed in connection
with the issuance of this release