iVoice Completes Sale of Selected Patents; Proceeds of Transaction to Be Used to Repay Company
Indebtedness
MATAWAN, N.J.--(BUSINESS WIRE)--July 31, 2006--
iVoice, Inc. (OTCBB: IVOI), announced today that it has completed the sale of certain United
States Letters Patents and/or applications for United States Letters Patents and/or foreign patents
and applications to Lamson Holdings LLC. The patents and/or patent applications sold relate to
various Voice Activated/Voice Responsive systems developed by iVoice, including item locators for
retail stores utilizing various unique identifying, data gathering and organizing, as well as user
feedback techniques.
Proceeds from the sale will be used to pay down some of the Company's indebtedness to Cornell
Capital after paying a commission to GlynnTech, Inc. which served as iVoice's licensing agent and
assisted in the sale of the patents.
"The sale of certain assets of our intellectual property demonstrates the significant value we
have created in our portfolio of technologies," said iVoice Chairman and CEO Jerry Mahoney. "We will
continue to seek ways to maximize shareholder value through the development of technologies that are
core to our business strategy and sell or those license those technologies that we choose not to
pursue."
About iVoice, Inc.
iVoice has determined that the best way to create shareholder value, separate and apart from the
operating performance of iVoice, is to implement new business opportunities by distributing shares
of spin-offs to the Company's shareholders. The common stock distributions are part of a broader
strategy relating to the transition of iVoice into a company focused on the development and
licensing of proprietary technologies. We also continue to search for potential merger candidates
with or without compatible technology and products, which management feels may offer long term
growth prospects to increase shareholder value. For more information, contact CEO Jerry Mahoney at
(732) 441 7700 or by e-mail at jerrym@ivoice.com.
Certain information included in this press release, may contain forward-looking statements about
our current and expected performance trends, growth plans, business goals and other matters. These
statements may be contained in our filings with the Securities and Exchange Commission, in our press
releases, in other written communications, and in oral statements made by or with the approval of
one of our authorized officers. Information set forth in this press release contains various
"forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of
1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The
reader is cautioned that such forward-looking statements are based on information available at the
time and/or management's good faith belief with respect to future events, and are subject to risks
and uncertainties that could cause actual performance or results to differ materially from those
expressed in the statements. Factors that could cause or contribute to such differences include, but
are not limited to those risk factors that are set forth in the section entitled "Forward Looking
Statements - Cautionary Factors" in the Company's Form 10-KSB for fiscal year ended December 31,
2004 and other filings with the Securities and Exchange Commission from time to time. Forwardlooking
statements speak only as of the date the statement was made. We assume no obligation to
update forward-looking information to reflect actual results, changes in assumptions or changes in
other factors affecting forward-looking information. Forward-looking statements are typically
identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words,
although some forward-looking statements are expressed differently. Although we believe that the
expectations reflected in such forward-looking statements are reasonable, we can give no assurance
that such expectations will prove to be correct.
