Advanced Voice Recognition Systems, Inc. (AVRS)(OTCBB: AVOI) and Dominion Harbor Group, LLC (DHG), today announced that AVRS has retained DHG to license the AVRS family of patented innovations that are planned for growing use with mobile devices including smart phones and any device that benefits from speech recognition technology.
In addition to assisting AVRS in licensing its portfolio of patented inventions, DHG also plans to help buttress AVRS’s portfolio by filing for additional patents on its latest advances in speech recognition as well as by seeding the firm with high-quality 3rd party patents related to its products through DHG’s partner, the Monument Bank of Intellectual Property.
“The team at Dominion Harbor Group has the skills, industry relationships, and decades of experience needed to expand the reach of our intellectual property in industries like mobile products where voice recognition is becoming more important every day,” noted Walter Geldenhuys, President and CEO of AVRS. “Just as important, Dominion Harbor has a proven reputation as ethical licensors and a track record of success with the companies that we would like to see adopt our technology.”
For his part, Dominion Harbor CEO David Pridham had this to say: “We see a great opportunity here to help AVRS’s innovations gain greater visibility and use in fast-growing industries where speech recognition is becoming ever-more important to consumers.”
About Advanced Voice Recognition Systems, Inc.
Advanced Voice Recognition Systems, Inc. is a software development company with patented technology specializing in interface and application speech technology.
About Dominion Harbor Group, LLC:
Dominion Harbor Group (DHG) is one of the most respected and experienced patent licensing and optimization firms in the U.S., with decades of experience among its seasoned team of licensing, legal, technical, engineering and financial professionals. The firm manages, helps protect, and leverages intellectual property portfolios, maximizing their value and helping owners and investors achieve appropriate returns from their investment in innovation. DHG’s partner is the Monument Bank of Intellectual Property, the world’s first “IP Bank” for startups.
Note: This news release contains “forward looking statements” within the meaning of the federal securities laws regarding the future plans and expected performance of AVRS that are based on assumptions that AVRS considers reasonable. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including without limitation, the unpredictability of litigation and other contested actions, the availability of financing, general economic conditions and factors that are beyond the control of AVRS. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release. AVRS undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect any change in the expectations of AVRS with respect to these forward-looking statements.