SOURCE: AudioEye, Inc.

June 16, 2014 08:28 ET

La Frontera Community Solutions Contracts With AudioEye in Launch of Behavioral Health Technology Solutions

Behavioral Health Market Expected to Generate More Than $5 Million in Revenue Over Next 12 Months

TUCSON, AZ--(Marketwired - Jun 16, 2014) - AudioEye®, Inc. (OTCQB: AEYE) ("AudioEye"), creator of the Audio Internet® patented audio browsing and automated publishing technology platform, today announced the launch of a significant Behaviorial Health initiative within a market vertical that is expected to generate over $5 million in revenue from its Audio Internet platform, the sale of licensed technologies, and patent licensing, over the next 12 months.

Deployment of AudioEye's technologies has been achieved through its partnership with La Frontera Community Solutions. Recently, AudioEye installed secure closed network video monitoring systems at its Sunnyside Pointe Villas Community Center in Tucson, Arizona. Sunnyside Pointe Villas is an affordable (low income) senior community. The inclusion of AudioEye's technology, La Frontera Community Solution's development of its own technologies, and technology licensing have enabled Sunnyside Pointe Villas Community Center to incorporate affordable monitored housing offerings that are designed to allow its residents to age in place. This is a model that La Frontera and AudioEye are working on replicating on an international basis.

"We are using patented technologies, along with our own proprietary technologies and 50 years of experience in the field of Behavioral Healthcare, to present our community with solutions," stated Dan Ranieri, President and Chief Executive Officer of La Frontera Arizona. "Mobile technology, networks and Internet-connected devices have set the stage for affordable monitored solutions that are secure, safe and enabling to those with special needs within our community. Our work with AudioEye has accelerated our progress and provided us with access to intelligent voice technology that enriches the lives of those living in our residential communities."

"AudioEye has identified another growth vertical within the behavioral healthcare market by utilizing its Audio Internet technology to enable more effective dialogue and exciting integrated solutions," observed Nathaniel Bradley, Chief Executive Officer of AudioEye, Inc. "Revenues are derived from the efficiencies and value that our systems create. In the Behavioral Healthcare market, the value of using our voice technologies to improve the quality of life and peace of mind of residents is very rewarding for all involved in this important initiative."

About La Frontera Community Solutions

For more than 45 years, La Frontera Arizona has worked collaboratively with its public and private partners to solve community problems. The organization has developed the resources and expertise to address issues of behavioral health, housing, family and children's services, employment, crisis intervention, and community and cultural education. La Frontera works diligently to build personal responsibility, stabilize families, and assist individuals in achieving their recovery goals, thereby strengthening the health and safety of Arizona communities.

La Frontera Arizona's resources include:

  • More than 850 experienced, caring professionals;
  • Clinics, treatment centers, residential complexes, in-patient and out-patient facilities, and offices in multiple communities around the state

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. 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 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

  • Contact:

    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