SOURCE: One Voice Technologies

One Voice Technologies

February 02, 2010 12:59 ET

One Voice Technologies Issues Corporate Update

LA JOLLA, CA--(Marketwire - February 2, 2010) - One Voice Technologies, Inc. (OTCBB: OVOE) Chairman and CEO Dean Weber today issued the following corporate update:

"We are pleased to announce that we have engaged ICAP Ocean Tomo, LLC ("ICAP OT") to sell One Voice Technologies, Inc. patent portfolio relating to its voice recognition technologies for mobile devices among related applications. One Voice's patent portfolio includes 3 issued U.S. patents that have been cited by Google, Microsoft, Nuance, Intel, Matsushita, SAP Aktiengesellschaft, Phoenix Solutions, and VoiceBox Technologies, among others.

These patents are directed towards worldwide coverage focused on human to computer interaction using conversational speech as input to any computer, mobile device or internet-based object. These patents allow for the development of next generation smart computing devices where people use natural speech to control devices, voice search, and chat among related applications."

"Given the prolific growth of wireless technologies and search applications, we believe One Voice's voice recognition technologies are critical to the evolving convergence of mobile devices and the Internet -- especially in areas of voice search," said Dean Becker of ICAP Ocean Tomo.

Dean Weber continued, "With this engagement, One Voice is selecting an industry leader with a successful track record for facilitating patent sale transactions. We look forward to working closely with the ICAP OT team to monetize this portfolio and have postponed any litigation pending the outcome of the potential sale. Further, as part of any potential transaction, One Voice will require a license back on its patents so we may continue our business uninterrupted with current and future customers. As a pioneer in voice search technologies, we feel that as worldwide mobile device sales increase, the need for effective search and navigation using hands-free voice input is critical for ease of use and safety concerns. We believe a sale of our technologies in this space will help realize undervalued intellectual property assets while furthering our operational and strategic business growth objectives.

For further information regarding this portfolio please contact Evan Anderson at 312-327-4429 or at evan.anderson@us.icap.com.

I will keep the shareholders updated as events occur and I would like to thank you for your continued support of One Voice."

About One Voice Technologies, Inc.

One Voice Technologies, Inc. (OTCBB: OVOE) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice™ solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices -- all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com

FORWARD-LOOKING STATEMENT DISCLAIMER

Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.

MobileVoice, Media Center Communicator, VoiceTunes and Say2Play are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.

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