SOURCE: AudioEye, Inc.

September 10, 2014 11:05 ET

AudioEye Closes Over $1 Million in Follow-Up Cash Contracts From Licensees

Healthcare and Government Markets Lead Early Adopters of the Audio Internet®

TUCSON, AZ--(Marketwired - Sep 10, 2014) - AudioEye®, Inc. (OTCQB: AEYE) ("AudioEye") ("the Company"), creator of the Audio Internet® patented audio browsing and automated publishing technology platform, today announced that, consistent with its licensing strategy within the behavioral health industry, it has received cash contracts from customers valued at over $1 million. These represent follow-up contracts related to AudioEye's previously announced licensing activity.

Over the past six months, the Company's cross-licensing initiatives have primarily targeted the healthcare industry, as well as local, state and federal government market verticals. Such licensing has created infrastructure and sales relationships that have resulted in cash contracts which reflect the growing traction of AudioEye's industry-leading website normalizing mobile accessibility platform in the marketplace. 

"We are pleased to provide this update on our significant progress," stated Nathaniel Bradley, Chief Executive Officer of AudioEye, Inc. "Our success has required a team effort, and I am very proud of the accomplishments of the entire AudioEye organization. We own the only patented Internet-based platform solution to web accessibility that normalizes website experiences and is currently remediating over a million such experiences for disabled users on a daily basis. We consider this a significant achievement and believe AudioEye is beginning to make a real difference in the quality of life for our customers and user communities. As we look forward to closing out our third quarter, we are focused on the continued capture of cash contracts, the development of AudioEye's technology, and service to our growing customer base."

About AudioEye, Inc.

Incorporated in 2005, AudioEye focuses on working to improve the mobility, usability and accessibility of all Internet-based content through the development, sale, licensing and use of its proprietary accessibility technologies. The Audio Internet® is a technology that utilizes patented architecture to deliver a fully accessible audio equivalent of a visual or mobile website in a compliant format that can be navigated, utilized, interacted with and transacted from, without the use of a monitor or mouse, by individuals with visual impairments. For individuals with hearing impairments, the Audio Internet® provides captioning for websites, and the challenges of reaching those with other impairments are also addressed by the technology platform.

Complete with an ever-growing suite of utilities tailored to the needs of different disabled users, the AudioEye® Audio Internet® Accessibility Platform is a fully scalable cloud-based solution designed and developed to meet the needs and compliance mandates for an ever-growing demographic.

AudioEye's common stock trades on the OTCQB market under the symbol "AEYE". Please visit www.audioeye.com for more information.

Forward-Looking Statements 

This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding AudioEye's expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions, are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond AudioEye's control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in AudioEye's Form 10-K and other report filings with the SEC. AudioEye is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information, please contact:

    Nathaniel Bradley
    CEO
    AudioEye, Inc.
    (866) 331-5324

    or

    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (830) 693-4400
    Email Contact