AutoZone Selects VoiceLogistics; Award Follows Competitive Product Assessment
PRINCETON, N.J.--Oct. 1, 20049, 2004--Voxware, Inc. (OTC:VOXW), a leading supplier of voice-based solutions for the logistics workforce, announced that AutoZone, the nation's leading retailer of auto parts and accessories, has selected the VoiceLogistics solution for implementation."We looked at the systems available from different vendors, and determined that Voxware had the solution that was right for us," said Mike Longo, AutoZone Executive Vice President of Supply Chain, IT, Mexico and Store Development. "We have over 3,400 stores in the US and Mexico. Each store carries an extensive array of products for cars, sport utility vehicles, vans and light trucks. We keep our stores fully supplied with literally thousands of new and remanufactured hard parts, maintenance items and accessories - so our distribution facilities are a key part of our overall business strategy. By using VoiceLogistics to improve on-the-floor efficiencies, we will make our operations increasingly cost effective and competitive."
"Voxware is pleased to add a Fortune 500 company of AutoZone's reputation and stature to our growing roster of customers," said Tom Drury, Voxware CEO. "AutoZone is known for competence and quality, and they have a well-crafted vision for the use of VoiceLogistics in their facilities - a vision that requires a solution tailored to some very aggressive business goals. We are proud to be the vendor chosen to provide such an important technology to them."
About AutoZone
As of August 28, 2004, AutoZone sells auto and light truck parts, chemicals and accessories through 3,420 AutoZone stores in 48 states plus the District of Columbia in the U.S. and 63 stores in Mexico and also sells the ALLDATA brand automotive diagnostic and repair software. On the web, AutoZone sells diagnostic and repair information through www.alldatadiy.com and auto and light truck parts through www.autozone.com.
About Voxware
Voxware's corporate headquarters are in Princeton, New Jersey, with operating offices in Cambridge, Massachusetts and the United Kingdom. Additional information about Voxware can be obtained on the Internet at http://www.voxware.com.
This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware's plans to differ or results to vary from those expected including the risks associated with Voxware's need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware's need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware's results of operations; competition from others; Voxware's evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware's need for additional capital; and a variety of risks set forth from time to time in Voxware's filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.