We are pleased to add a new revenue center to Modavox. We now benefit directly from AudioEye’s technology and revenues without shareholders experiencing any associated dilution.
Phoenix, AZ (PRWEB) November 9, 2006
Modavox, Inc. (OTCBB: MDVX ) Internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has entered into an agreement to provide the day-to-day management and technology development of AudioEye’s product and technology.
AudioEye offers “audio publishing and streaming media broadcast software” enabling content owners to organize, create, and distribute information in audio. AudioEye has extensive market applicability for corporations and universities in e-learning and training, as well as publishers and media companies for broader distribution. This technology works on big and small screen devices empowering the world to “Surf by Sound”.
AudioEye maintains a variety of high-profile clients including the State of Arizona which deployed the system for their State Legislature website. AudioEye created a complete audio mirror image of the website with Natural Voices including all the State’s written documents such as the State constitution and bill information.
Modavox CEO David Ide stated, “We are pleased to add a new revenue center to Modavox. We now benefit directly from AudioEye’s technology and revenues without shareholders experiencing any associated dilution.” Mr. Ide continued, “Management remains conscientious of the importance aligning our goals with those of our shareholders. The addition of AudioEye is another positive step as we continue focusing on creating long term value.”
Modavox, Inc., http://www.modavox.com, a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising.
This release contains “forward-looking statements” for purposes of the Securities and Exchange Commission’s “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox’s actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox’s filings with the Securities and Exchange Commission.