News
09/07/2007 - Verizon Signs Long-Term Agreement With Call Genie
Call Genie's Voice Search Solution to Support Enhanced Directory Assistance
TORONTO, ONTARIO--(Marketwire - June 26, 2007) - Call Genie Inc. (TSX VENTURE:GNE), a leading provider of localized, voice-enabled search solutions to carriers, directory assistance providers and Yellow Pages publishers, today announced that it has signed a Software License and Services Agreement ("Agreement") with Verizon. Under the terms of the five year agreement, Call Genie will provide its Enhanced Voice Directory (EVDTM) product and related services to support Verizon's enhanced directory assistance offering in North America.
As a pioneer in developing voice enabled search solutions, Call Genie has become the leader in allowing directory assistance providers to connect consumers directly with merchants via the phone. Call Genie's EVD solution enables directory and Yellow Page providers to further monetize calls by offering voice-based category search, voice advertising and a direct connection to merchants.
"Call Genie is pleased to be working with Verizon, one of the largest DA providers in the world, on several key initiatives related to its directory assistance offering," said Michael Durance, CEO, Call Genie. "We look forward to continuing our work with Verizon."
About Call Genie, Inc.
Call Genie, Inc. is the leading provider of enhanced Voice-enabled Mobile Local Search ("VoMoLo") search products and services to Wireless Carriers, Directory Assistance providers, and Yellow Pages publishers. Offered as a turnkey or ASP solution, Call Genie's Enhanced Voice Directory (EVDTM) platform enables companies to offer a comprehensive, voice-enabled business category search service to consumers and business customers. EVDTM is network, handset and location independent, and can be incorporated into any existing DA service or deployed as a stand-alone offering. Call Genie won the 2006 Yellow Page Association Industry Excellence Award for Marketing Innovation in North America, the 2006 Whitaker Innovation Award in Europe, and the 2006 118 Tracker Award for Technology Innovation in the UK. For more information, visit www.callgenie.com.
Certain statements included in this News Release are not historical facts, but rather are forward-looking statements. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "anticipate" or "will" and similar expressions) may include plans, expectations or opinions that are not statements of fact. Forward-looking statements are based upon the opinions, expectations and estimates of management of Call Genie as at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include such things as, volatility in the trading price and volumes of the Company's publicly traded securities, domestic or international events having a significant effect on capital markets, the inherent risks associated with research and development activities and commercialization of emerging technologies, timing of execution of various elements of the Company's business plan, the availability of human resources, the emergence or intensification of competition, the availability of financial resources (including third-party financing), prevailing interest and exchange rates and new laws (domestic or foreign). Forward-looking information respecting the use of the proceeds from the sale of the Common Shares is based upon the current budget and development plans of Call Genie, which are subject to change. Call Genie Inc. does not assume responsibility for the accuracy and completeness of the forward-looking statements set out herein and, subject to applicable securities laws, does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Call Genie Inc.'s forward-looking statements are expressly qualified in their entirety by this cautionary statement.
Additional information relating to various risk factors to which Call Genie is exposed in the conduct of its business (and which may affect the expectations or outcomes reflected in the forward-looking statements contained in this news release) are described in the Company's annual MD&A for the year ended December 31, 2006, which has been filed with certain securities regulatory authorities in Canada and is available through SEDAR, at www.sedar.com.
The TSX Venture Exchange has neither approved nor disapproved the contents of this News Release.
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