| | Business Summary | | Voice
Powered
Technology
International,
Inc.
has
been
engaged
in
development,
marketing,
and
distribution
of
low-cost
voice
recognition
and
voice
activated
products
on
a
worldwide
basis,
both
directly
and
through
licensing
agreements.
The
Company's
voice-recognition
VoiceLogic
Technology
(the
Technology),
which
is
now
licensed
from
its
major
shareholder,
Franklin
Electronic
Publishers,
Inc.,
is
fully
developed
but
in
very
limited
commercial
use.
The
Technology
permits
utilization
of
the
human
voice
as
a
replacement
for
manual
controls,
such
as
buttons,
switches
and
dials,
in
activating
and
controlling
everyday
consumer
and
business
products
and
can
operate
on
microprocessors
powered
by
penlight
or
nicad
batteries.
On
March
20,
2001,
the
Company
announced
that
it
intends
to
discontinue
its
operations
because
of
the
lack
of
capital
required
to
make
necessary
revisions
and
updates
to
its
products
for
their
continued
commercial
resale. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Voice
Powered
Technology
was
formed
to
develop,
market,
and
distribute
low-cost
voice
recognition
and
voice
activated
products
on
a
worldwide
basis,
both
directly
and
through
licensing
agreements.
For
the
six
months
ended
6/30/01,
net
sales
fell
92%
to
$20
thousand.
Net
loss
decreased
25%
to
$114
thousand.
Revenues
reflect
lower
sales
of
Voice
Organizer
products
in
both
domestic
and
international
markets.
Lower
loss
reflects
lower
marketing
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Gregory Winsky, 51 | Chairman
and CEO | | Barry Lipsky, 50 | VP,
Sec., Director | | Arnold Levitt, 63 | CFO
and Sr. VP of Franklin, Director |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/v/vpti.ob.gif)