SOA Product Adoption Fuels Voxware Record Earnings, 172% Increase in Software License Revenue

Business Wire, May 1, 2007

LAWRENCEVILLE, N.J. -- Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, has posted record earnings and strong increases in both total revenue and software license revenue for the quarter ended March 31, 2007. Voxware's unaudited financial statements for the quarter ended March 31, 2007, can be found in its Form 10-QSB filed with the Securities and Exchange Commission on May 1, 2007.

Scott Yetter, President of Voxware, said, "Over a year ago Voxware delivered the first open, SOA-based voice software product for the warehouse. We are now releasing Voxware 3.0, the third generation of our standards-based voice software, giving our customers unprecedented independence, flexibility and control. While some voice vendors with proprietary solutions are now trying to jump on the SOA bandwagon, we are most pleased by the response from new customers, existing customers and partners. In our most recent quarter, total revenues were up 79%, with a 172% increase in software license revenue when compared to the same quarter of 2006."

Pat Haray, Warehouse Manager at Eastern Bag & Paper Group noted, "Voxware delivered a quick solution, and this was the smoothest software implementation in the 20 years I've been with the company. We were up and running at 100% of standard within four weeks, and started to see a reduction in our errors." Jack Jurkowski, Eastern Bag's Chief Information Officer, added, "Voxware delivered a solution that has increased our order picking accuracy and reduced the time required for each warehouse worker to pick their orders. An added bonus is that Voxware's multiple language capability allows the worker to perform all aspects of their job using the language with which they are most comfortable. From the IT perspective, Voxware interfaced easily with our enterprise IBM I-series based application, requiring a minimum of implementation time."

Voxware 3.0 strengthens Voxware's leadership position by delivering breakthrough in addition to the process improvements provided by voice. Voxware 3.0 makes voice technology highly responsive to the rapidly evolving business needs of logistics operations. Customers and solution providers tap this power through three key features:

* Express Startup - Voxware 3.0 is the only voice solution offering implementation in days instead of months via user-based configuration instead of programming or code generation.

* Onsite Adaptability - Voxware 3.0 is the first solution that empowers customers to independently change or extend voice workflows.

* Open Flexibility - Voxware 3.0 is the only standards-based, plug-n-play voice solution for today's supply chain that enables customers to choose voice devices from the world's leading suppliers, such as Motorola and LXE.

"You hear a lot of claims about SOA offerings these days, but most products cannot actually deliver the benefits promised by SOA," Yetter stated. "With Voxware 3.0 we are pleased not only to once again be the first to introduce a new generation of voice technology for the supply chain, but also to extend our record of leveraging modern IT standards in a way that dramatically reduces cost for our customers when compared to alternative solutions."

Voxware's latest product developments will be unveiled at DC/Expo, May 24-27 at Navy Pier, Chicago, and Voxware's vice president of software engineering, Krishna Venkatasamy, will speak about open, SOA-based voice software.

About Voxware

Voxware, Inc. (Nasdaq: VOXW) provides open, standards-based software solutions for supply chain logistics that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware's corporate headquarters are in Lawrenceville, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained on the Internet at 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; the pending Nasdaq delisting proceedings; 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.