One Voice Technologies, Inc. (fka OVOE)

[ihubposter]

"As of September 30, 2008 the outstanding principal amount owed to the Investors is $2,288,271 Interest accrued on the outstanding principal is $170,563 as of September 30, 2008."

"At September 30, 2008, the Company had warrants outstanding that allow the holders to purchase up to 275,906,909 shares of common stock."

"In 2006, the Company signed a deployment contract with the residential group within TELMEX for deployment of One Voice's MobileVoice solutions to the over 19 million TELMEX subscribers throughout Mexico. The MobileVoice service was launched to TELNOR subscribers, a TELMEX subsidiary, in October, 2007 as a TELNOR branded service called IRIS. For information on IRIS visit http://www.yosoyiris.com or http://www.telnor.com. The MobileVoice (IRIS) service has tested and performed very well as anticipated. We are working closely with TELNOR to ensure the IRIS service is very successful and the feedback to date has been very positive. We are now working with both the residential and small, medium business (SMB) groups within TELMEX to coordinate a national launch for IRIS in both groups. During the past few months TELMEX has conducted focus groups to evaluate several factors including consumer willingness to contract the IRIS service, price points and existing and potential new features. From these focus groups TELMEX has discussed with the Company the desire to launch the IRIS service nationally bundled with their mass consumer calling packages and including a new feature. We have updated our proposal to TELMEX to incorporate a bundle and the development of the new feature and we anticipate approval shortly. The revenue generated from of a national launch with TELMEX is expected to have a material impact on the Company."

"In October 2007 both the Company and Mantec Consultants ("Mantec") entered into a contract with Mahanagar Telephone Nigam Ltd. ("MTNL") of India to provide MobileVoice services to MTNL's over 6 million subscribers. Mantec is One Voice's local sales associate in India. MTNL is owned and operated by the Government of India. The Company and Mantec are currently working on deployment of hardware and systems integration with MTNL. According to MTNL, the MobileVoice service will be made available to MTNL's existing 6.13 million subscribers for MobileVoice email by phone service and the total expected customers for this service is .92 million within the first two years. MTNL has set the monthly subscription price of $1.25 USD monthly per subscriber out of which the Company has a 30% share. We anticipate the MTNL revenue stream to grow as we launch additional MobileVoice services including voice dialing, group call and voice-to-SMS services. In order to expedite the launch with MTNL we decided to initially launch email by phone and the revenue projections given by the marketing department of MTNL reflect the email by phone service only. We anticipate this revenue projection to grow as additional MobileVoice services are launched to MTNL subscribers. MTNL is currently testing our service and we anticipate a national launch in Q1, 2009. The revenue generated from this launch with MTNL is expected to have a material impact on the Company."

Delayed into 2009 on MTNL - possibly until March 31, 2009?

"Both One Voice and Intel have jointly presented our voice solution to several MID OEM's and we have initial confirmation that our software will be bundled on a major OEM's MID. The launch of a voice controlled MID is a high priority for this OEM but is contingent on the success and adoption of their current MID offering in the market. If their MID proves to be successful then we see an opportunity to launch a MID that utilizes voice control with this OEM and potentially other OEM's as the MID market matures and service providers launch MID devices to their subscriber base."

Backing off the mids!

"The Company has recently obtained a commitment by our existing investors to continue to fund the operations until such point that our revenue generation exceeds our monthly cash expenditures. To that point and given the current economic environment we are reducing all expenses in order to ensure our success. We have been discussing a funding with new investors since Spring 2008 and we are reviewing a new proposed term sheet and potential agreement which may or may not happen. The Company is acting in the best interest of the shareholders to maximize value and minimize dilution to the shareholder base."

Backing off the funders!


"The Company is currently in default of a portion of the following Convertible debt financing agreements as of September 30, 2008:

Principal balance
Entered into Maturity Date in default
------------ ------------- ----------

March 17, 2006 March 17, 2008 $250,000
May 5, 2006 May 5, 2008 $108,000
--------
Total $358,000




The Company is currently negotiating an amended maturity date with investors in default and feels confident that the either the unconverted balance will be converted in the near future, or the maturity date will be extended."