SOURCE: Market Pulse

May 07, 2007 08:30 ET

Market Pulse Breaking News Alert for Monday, May 7, 2007: VBTC -- VuBotics and MagneticTime to Co-Develop Breakthrough Speech and Reading Software Application!

ATLANTA, GA--(Marketwire - May 7, 2007) - Market Pulse News Alert for this AM, Stocks to Watch are: VuBotics, Inc. (OTCBB: VBTC), Yahoo! Inc. (NASDAQ: YHOO), Dendreon Corp. (NASDAQ: DNDN) and Crocs Inc. (NASDAQ: CROX).

Investors need to be watching VuBotics, Inc. (OTCBB: VBTC) this AM! VuBotics is an emerging technology company and developer of VuIT™, the global leader in small screen reading technology. The VuIT™ family of technologies for email, TextCasting and online reading represent a very real solution to many information delivery problems. Other VuBotics products under development include online experience metrics and reading technologies. As successful authors like Dan Brown, Tom Clancy and J.K. Rowling have demonstrated, the written word can be more powerful than any special effects wizardry. The company's technology can enhance that experience by allowing the author to control the user experience on any screen, device or mobile phone anywhere. The company uses its vast experience to create product sets that meet the needs of its premier channel partners and extensive network of alliances. VuBotics is a member of the BlackBerry® Independent Software Vendor (ISV) Alliance Program. The BlackBerry ISV Alliance Program provides VuBotics with access to the BlackBerry development software and technical support, as well as marketing and sales support. VuBotics recently shifted its focus from product development to commercialization of the VuIT™ technology through a carefully targeted licensing strategy. The company began an aggressive push to license its technology and is now in active discussions and pilot projects with numerous organizations, ranging from major OEMs and broadcasters to leading web portals. VuBotics recently entered into an exclusive licensing agreement with the Oak Ridge National Laboratory to commercialize its Virtual Information Process Agent for Research (VIPAR) for VuIT™ Mine. VIPAR utilizes hundreds of individually deployed intelligent software agents to autonomously gather and organize massive amounts of information. U.S. spending on Web analytics software and services is expected to climb to $931 billion in 2009 from $565 million this year, according to Jupiter Research, a market-research firm in New York. VuBotics recently completed a financing for gross proceeds of $2.2 million, providing the company additional flexibility to accelerate its sales and marketing efforts. Heading into 2007, VBTC is looking forward to launching their VuIT™ technology across a wide range of platforms ranging from cell phones, to broadcast and online applications. VuBotics is poised to become a significant player in the business software and services industry! VBTC has had several excellent news announcements out lately and one again before today's opening bell announcing a strategic partnership to develop software combining MagneticTime's speech technology software with VuBotics' VuIT™ advanced reading technology! This could be great news for investors!

VuBotics, Inc. (OTCBB: VBTC) developer of VuIT™, the global leader in small screen reading technology, and MagneticTime, the innovative mobile audio company, today announced a strategic partnership to develop software combining MagneticTime's speech technology software with VuBotics' VuIT™ advanced reading technology.

MagneticTime's iAudioize software for iPods, PCs, PDAs and cellphones, enables users to listen to emails and documents in MP3 format. The VuIT™ product family uses an advanced proprietary algorithm that dynamically delivers text sequentially onto a viewing screen, word-by-word, rather than as static text across a screen, as with a piece of paper.

David Rollo, chief marketing officer of VuBotics, commented, "By combining iAudioize and VuIT™, we are developing a robust software solution that dramatically enhances the usability and functionality of cell phones, iPods and PCs. This new software will seamlessly convert text to audio, providing users immediate and convenient access to information. For instance, users will have the ability read emails using VuIT's™ software, which maximizes both speed and legibility of traditional digital text -- allowing readers to double, even triple, their traditional reading speed while reducing eyestrain and improving legibility. At the same time, MagneticTime's speech conversion technology provides an eye-free utility for retrieving emails and other content never before available. Users will have the ability to convert text to MP3 format for easy listening while traveling, commuting or even exercising. The combination of these two technologies is a supercharged productivity tool that has the potential to reshape the mobile information landscape."

Shane Mc Allister, Executive VP with MagneticTime, stated, "This co-development project with VuBotics brings together the best of two leading technologies. Given the proliferating use of cell phones and other small screen devices for reading digital content, we believe the VuIT™ reader, coupled with MagneticTime's advanced speech technology, has the potential to reshape how we retrieve information, whether on the go or in the office. We look forward to launching the new software solution later this year, and aggressively building our distribution through a variety of channels."

About MagneticTime

MagneticTime is an innovative leader in the use of text to speech technologies and was founded in April 2005. MagneticTime launched its first product -- iAudioize, in November of that same year and followed up with 2 further products -- iNewsCaster, and MT-Podcast within the year. With a team of progressive software engineers working in R&D, MagneticTime trades globally from its head quarters, based in Ireland.

About VuBotics

VuBotics, Inc. is an emerging technology provider dedicated to improving the reading experience. Today, VuBotics has several patent pending software applications, including VuIT™ Online Reader and VuIT™ Mobile, which are designed for content providers and aggregators worldwide. The VuIT™ product family uses an advanced proprietary algorithm that dynamically delivers text sequentially onto a viewing screen, word-by-word, rather than as static text across a screen, as with a piece of paper. Other VuBotics products under development include online experience metrics, and relational search and intelligent agent technologies. Based in Atlanta, Georgia, VuBotics' strategy is to take advantage of the growing market for digital content through business relationships with global media and technology companies. For more information, visit: www.vubotics.com.

Stocks in the news and acting well as of late include: Yahoo! Inc. (NASDAQ: YHOO), Dendreon Corp. (NASDAQ: DNDN) and Crocs Inc. (NASDAQ: CROX).

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