MedSmart Group Inc (MSGP)

[ChannelTrader]

(Flemington, NJ) – Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS:SSWC), announced today that the Company has borrowed $500,000.00 to invest in business development, sales and retail stores. The Company and the lender, E-Lionheart Associates, LLC, signed a Convertible Debenture with extremely favorable terms. The interest rate is 5% per annum, the term is one year, no stock conversion may be transacted until after August 9, 2011, and the conversion formula is 90% of the lowest closing trade of five previous days. E-Lionheart also contracted with Yorkville/YA Global (formerly Cornell) to purchase 100% of the SpeechSwitch/Cornell debt that was created almost five years ago. E-Lionheart made these supportive, favorable agreements on the basis of SpeechSwitch’s broad-based stock support (volume and growth) and on their vision of SpeechSwitch’s success through the end of 2011.