Vocalis group plc AGM Statement 2001
Vocalis Group plc ("Vocalis" or "the Group"), the speech technology company, held its Annual General Meeting in Cambridge today. At the AGM, Ken Hill, Chairman, made the following
"I am pleased to report on progress since we announced our preliminary results on 13 June."
During recent weeks we have been awarded two important new contracts, through Ericsson with Telenor Mobil and Telefonos de Mexico (Telemex). The contracts have a combined value of
£655,000 and will be delivered in our current financial year.
As a supplier to Telenor Mobil, Norway's leading telecommunications and IT supplier, Ericsson has ordered the most advanced version of our SPEECHtel telephony platform. Telenor Mobil
uses the technology as the basis of its automated service for managing pre-paid mobile telephone accounts. The contract, to a value of £395,000, follows a similar contract, to a
value of £200,000, awarded by Ericsson last year.
Telmex is to upgrade to its current SPEECHtel telephony platform at a number of its sites in Mexico. The contract is worth £260,000. Including the provision of consultancy
I am also pleased to confirm that we have commenced delivery of the first stage of the contract with Eircom, the leading Irish telephone company, announced with our preliminary results
in June. This contract is worth £220,000.
We continue to focus on reducing our cost base without damaging our ability to take advantage of the opportunities our marketplace affords us. To this end I am pleased to confirm that we
have over the last four months reduced our annualised cost base by approximately £2 million.
In addition to the Board changes announced during recent months I am delighted to confirm that my predecessor as Chairman, Roy Cotterill, who was to resign from the Board today, has
agreed to extend his term as Non-Executive Director.
I believe that we now have an extremely talented Board offering all the skills and knowledge required to take the Group forward in its chosen areas of operation.