iVoice, Inc.(fka IVOI)

[johncee]

MATAWAN, N.J., Jul 29, 2005 (BUSINESS WIRE)

iVoice to Present at Major Industry Exposition SpeechTEK 2005; The Speech Enabled Auto Attendant is Provided by iVoice's Subsidiary SpeechSwitch, Inc.

MATAWAN, N.J., Jul 29, 2005 (BUSINESS WIRE) -- iVoice, Inc. (OTC Bulletin Board: IVOC), a leader in speech recognition technology will be presenting their Speech-Enabled Auto Attendant at the SpeechTEK 2005 Exposition and Conference at the New York Marriott Marquis, August 1, 2 & 3rd in New York City. Other exhibitors include Avaya, IBM, Convergys, Microsoft, and Cisco Systems, to name just a few. Keynote speakers will include Rudy Guiliani, speaking about, "Leadership in Difficult Times" and Don Peterson, CEO of Avaya, speaking about, "The Age of Intelligent, Mobile, Right-Time Communications: Bringing Voice Applications and Speech Technology to the Heart of Business Processes."

Located in booth #105, iVoice will be demonstrating its Speech Enabled Auto Attendant with the new 3.2 released functions that include automatic adaptation and tuning processing which provides final speech recognition pass thru rates above 97%.

iVoice's Auto Attendant is supplied to dealers in various configurations including analog, digital and TAPI WAV, "all available to be shipped in turnkey solutions." All of the iVoice products incorporate iVoice's Speech recognition technology and offer reliability with economical pricing.

About SpeechSwitch, Inc.:

iVoice announced that it intends to distribute to the company's shareholders all common stock shares of its newly formed subsidiary, SpeechSwitch, Inc. The iVoice board of directors authorized management to pursue a strategy designed to unlock the value in the company's speech-recognition software by spinning it off into a new independent public company. The assets that will become part of SpeechSwitch include the Speech SDK, Speech Enabled Auto Attendant, Name Dialer, plus two issued patents and two patents pending. Subject to final review by the SEC, holders of iVoice common stock will receive 10 million shares of SpeechSwitch common stock on the distribution record date. It is anticipated that SpeechSwitch common stock will trade on the NASD OTC Bulletin Board. To facilitate the expansion of this business, we have arranged for a financing facility for SpeechSwitch, Inc. of $11 million.

About iVoice, Inc.

iVoice, Inc. designs, manufactures and markets innovative speech-enabled applications and computer telephony communications systems. While there are many companies that develop speech applications, most require licensing of the core speech recognition engine resulting in a costlier solution for the end user. iVoice pays no such royalty or license fees for any of its speech recognition applications. Customers include Avaya, Gold Kist, Toshiba and Comdial. Interactive Voice Response products developed by iVoice allow PC databases to be accessed via voice or from a standard touch-tone telephone.

The board of directors of iVoice believes the best way to build shareholder value, separate and apart from the operating performance of iVoice, is to create new business opportunities by distributing shares of spin-offs to our shareholders. In the past 13 months, we have taken major steps to restructure our company in ways that we believe will be most favorable to shareholders with the spin-off and/or distribution of the stock of separate companies. This is part of our broader strategy to reposition iVoice as a company focused on the development and licensing of proprietary technologies.

For more information on iVoice, please visit http://www.ivoice.com

This news release includes 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, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect,""anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to iVoice, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

SOURCE: iVoice, Inc.

CONTACT: iVoice, Inc.
Investor Relations
Dolores Serafin, 732-441-7700
[e-mail]
http://www.ivoice.com

Copyright Business Wire 2005

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