(OTC Bulletin Board: RACE) IP AXESS Announces Examination Agreement With an Agency of the Federal
Government
PLANO, Texas, July 13 /PRNewswire/ -- IP AXESS announced today that the Company had executed a Hardware/Software/Services
Examination Agreement with an agency of the Federal Government. Under the
terms of this agreement, the Agency will initiate a 90-day trial of the
VocalWare IP(TM) product with 10 to 12 its employees. This agreement does not
imply or commit the agency of the Federal Government to any acquisition as a
result of this examination, nor does it imply acceptance or affirmation of the
Company's software.
ABOUT IP AXESS
DATA RACE, Inc. is currently doing business as IP AXESS. At the annual
meeting held on November 9, 2000, the shareholders approved the formal change
of the corporate name to IP AXESS, Inc. Based in Plano, Tex., with an office
in San Antonio, IP AXESS ( www.ipaxess.com ) provides integrated, IP-based,
remote-work solutions over multiple access media. The company's VocalWare
product line provides out-of-the-office employees with simultaneous access to
the company phones, fax, Internet, and e-mail over a single connection,
whether it's xDSL, cable modem, LAN, frame relay, ATM or high-speed dial-up
through VPN, local ISP POP, or PSTN. VocalWare's primary markets are
telecommuters, who can establish a virtual office presence with just one phone
call, and call centers that use VocalWare to connect part-time workers to
incoming calls and corporate databases simultaneously over a single line.
Risks Regarding Forward-Looking Statements
This press release contains various "forward-looking statements" which
represent the Company's expectations or beliefs concerning future events.
These forward-looking statements involve numerous risks, uncertainties and
assumptions, and actual results could differ materially from anticipated
results. There can be no assurance as to the amount or timing of revenue from
this announcement. The Company's ability to commercialize its technology is
subject to numerous risks, including lack of adequate capital, new or
increased competition from companies with greater resources that the Company
and the inability to resolve technical issues or overcome other development
obstacles. These risks and others are set forth in the Company's SEC filings,
including its Form 10-K for fiscal 2000 and the Form 10-Q for the quarters
ended September 30, 2000, December 31,2000 and March 31, 2001.
DATA RACE and the DATA RACE logo are trademarks of DATA RACE, Inc.
registered in the U.S. Patent and Trademark Office.
IP AXESS, the IP AXESS logo, VocalWare, VocalWare RealPhone, Telepresence
and Flexwork are trademarks of DATA RACE, Inc.
COMPANY James G. Scogin, Acting President, IP AXESS
CONTACTS: (972) 265-4000
:=) Gary Swancey
