One Voice Technologies, Inc. (fka OVOE)

[Dumotier21]

Technically Venoman was correct and your incorrect which I believe is cause for the confusion. The difference is in the wording of "Licensing"

Telnor and ONEV had an agreement where ONEV would provide Iris technology to Telnor on a revenue sharing basis. It is different from a licensing agreement. In a revenue sharing deal ONEV would get a percentage of whatever is earned on a monthly basis.

Licensing agreement are basically a large payment for services to sue a service or product for a set period of time. ONEV would be getting either less of a percentage of each user or none at all. However they would be getting a substantial upfront payment and probably a monthly or quarterly payment. Telmex would be getting basically bulk pricing and a cheaper rate per subscriber plus they would be getting less paperwork to fill out. Telmex would not need to keep track of each subscriber using the service and then sending a percentage to ONEV. They would just set an agreed upon check to ONEV, irregardless of how many subs use the service or not.

Veno is technically correct in that just recently they began talking about licensing. The structure of the deal has changed and is in the process of changing.

What I would like to know, and what has not been addressed is what happened to the previous deal in the mean time. While this is going on Telnor (or what used to be Telnor) is still using Iris. My guess is its not for free. What is happening to that revenue during the months all these changes have been going on? that is Information that I feel ONEV owes its shareholders. It certainly was not spelled out in any of the PRS or sec reports, but does have a material impact on the company.