SCOTTSDALE, Ariz., Feb. 12, 2013 /CNW/ - Advanced Voice Recognition Systems, Inc. ("AVRS") (OTCQB: AVOI) announced today it is in discussions with certain firms dedicated to assisting in the commercialization of intellectual assets. "We believe it is important to explore many different avenues to determine the best method to realize the greatest return and value for our intellectual property," said Walter Geldenhuys, President and CEO of AVRS. "We plan to inform our shareholders of material arrangements."
Additionally, the Company continues its efforts to expand the patent portfolio with the Continuation-In- Part application before the United States Patent and Trademark Office ("USPTO"). The application filed in May, 2011 relates to electronic speech recognition and transcription; and, more particularly, to processes and systems for facilitating "free form" dictation, including directed dictation, constrained recognition and /or structured transcription among users having heterogeneous system protocols. The application has been docketed and assigned to an examiner. Our engineers continue to work diligently with patent counsel on current applications and ideas for future applications.
About Advanced Voice Recognition Systems, Inc.
The Company is a software development company with patented technology specializing in interface and application speech recognition technology. For more information, please visit www.avrsys.com.
FORWARD-LOOKING STATEMENTS
Note: This news release and the Company's web site referenced in this news release contain "forward looking statements" within the meaning of the federal securities laws regarding the future plans and expected performance of AVRS that are based on assumptions that AVRS considers reasonable. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including without limitation, the unpredictability of litigation and other contested actions, the availability of financing, general economic conditions and factors that are beyond the control of AVRS. There can be no assurance any arrangements will be made with respect to the intellectual property of AVRS, or that if made, the terms will be favorable to AVRS. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release. AVRS undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect any change in the expectations of AVRS with respect to these forward-looking statements.
Contact:
Mr. Walter Geldenhuys
President, CEO & CFO
480 704-4183
SOURCE: Advanced Voice Recognition Systems, Inc.
