Market Pulse Breaking News Alert for Tuesday, May 1, 2007: VBTC - Duane Morris (One of the 100 Largest Law Firms) Enters Second Stage Pilot Test for VuBotics' Enterprise Version of VuIT(TM) eMail Reader to Enhance BlackBerry(TM) Reading Experience!
Market Wire, May, 2007
Market Pulse News Alert for this AM, Stocks to Watch are: VuBotics, Inc. (OTCBB: VBTC), Ionatron Inc. (NASDAQ: IOTN), Conexant Systems Inc. (NASDAQ: CNXT) and Microsoft Corp. (NASDAQ: MSFT).
Investors need to be watching VuBotics, Inc. (OTCBB: VBTC) this AM! VuBotics is an emerging technology company and developer of VuIT(TM), the global leader in small screen reading technology. The VuIT(TM) family of technologies for email, TextCasting and online reading represent a very real solution to many information delivery problems. Other VuBotics products under development include online experience metrics and reading technologies. As successful authors like Dan Brown, Tom Clancy and J.K. Rowling have demonstrated, the written word can be more powerful than any special effects wizardry. The company's technology can enhance that experience by allowing the author to control the user experience on any screen, device or mobile phone anywhere. The company uses its vast experience to create product sets that meet the needs of its premier channel partners and extensive network of alliances. VuBotics is a member of the BlackBerry® Independent Software Vendor (ISV) Alliance Program. The BlackBerry ISV Alliance Program provides VuBotics with access to the BlackBerry development software and technical support, as well as marketing and sales support. VuBotics recently shifted its focus from product development to commercialization of the VuIT(TM) technology through a carefully targeted licensing strategy. The company began an aggressive push to license its technology and is now in active discussions and pilot projects with numerous organizations, ranging from major OEMs and broadcasters to leading web portals. VuBotics recently entered into an exclusive licensing agreement with the Oak Ridge National Laboratory to commercialize its Virtual Information Process Agent for Research (VIPAR) for VuIT(TM) Mine. VIPAR utilizes hundreds of individually deployed intelligent software agents to autonomously gather and organize massive amounts of information. U.S. spending on Web analytics software and services is expected to climb to $931 billion in 2009 from $565 million this year, according to Jupiter Research, a market-research firm in New York. VuBotics recently completed a financing for gross proceeds of $2.2 million, providing the company additional flexibility to accelerate its sales and marketing efforts. Heading into 2007, VBTC is looking forward to launching their VuIT(TM) technology across a wide range of platforms ranging from cell phones, to broadcast and online applications. VuBotics is poised to become a significant player in the business software and services industry! VBTC just had excellent news out in a press release before today's opening bell announcing that Duane Morris, one of the 100 largest law firms in the world, has entered the second stage of a pilot test for the enterprise version of VuIT(TM) eMail Reader for BlackBerry! This could be great news for investors! Investors also need to check this exciting technology out!
VuBotics, Inc. (OTCBB: VBTC), developer of VuIT(TM), a proprietary software application that sequentially delivers text for online, small screen and broadcast applications, announced today that Duane Morris, one of the 100 largest law firms in the world, has entered the second stage of a pilot test for the enterprise version of VulT(TM) eMail Reader for BlackBerry. Duane Morris was licensed to use VuBotics VulT(TM) in January 2007 and has successfully completed the first phase of a pilot test. Upon completion of this second test phase, expected to be completed during the third quarter, lawyers and staff will have the opportunity to benefit from being able to consume information two to three times faster and with greater comfort. By integrating the reach and dependability of the BlackBerry network with the productivity of the VuIT eMail Reader, Duane Morris is once again demonstrating a willingness to leverage technology to improve the productivity of its lawyers and staff.
Duane Morris has built a strong collaborative culture using the most dynamic communications platforms available to top 100 law firms. The firm plans to further enhance the value of its communications investment by offering secure, first class software applications that can personalize the delivery of critical information anywhere and at any time. VuIT eMail Reader loads effortlessly onto each device and allows individuals to read emails at their own pace -- whether at the average speed of readers today, 175 - 200 words per minute, or at the average speed of VuIT-enabled readers, 450 - 600 words per minute, or more. Without any training or additional support, VuIT can substantially improve any professional's productivity.
"In 2007, our main technological goal is to deliver applications that both enhance productivity and allow for the lawyers to provide superior service to their clients," said John Sroka, Duane Morris' Chief Information Officer. "To assist with achieving this goal, we've chosen to deploy VuIT eMail Reader on our enterprise BlackBerry server. This initiative will enable more than 650 lawyers and their staff across 20 offices to gain even more benefit from their BlackBerrys -- saving valuable time and resources for the firm and its clients."
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