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Voice Powered Technology International Inc

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BUSINESS
December 14, 1993
Voice Powered Technology International Inc. in Canoga Park said Monday that it received about $2.89 million in cash in exchange for 961,538 shares of common stock that the company issued earlier this week. The stock issuance was the result of the exercise of warrants that Voice Powered issued in September. The company develops and markets voice-recognition consumer electronic products.
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BUSINESS
November 19, 1996
Voice Powered Technology International Inc., a Sherman Oaks maker of voice-activated electrical products, said its loss for the third quarter that ended Sept. 30 was $1.78 million, compared to earnings of $199,000 in the same quarter last year. Revenues for the third quarter plummeted to $1.9 million from $6.14 million a year ago. For the nine months, losses totaled $3.47 million, compared to earnings of $547,000 the year before, and revenues in the first nine months were $6.
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BUSINESS
June 11, 1996
Voice Powered Technology International Inc., a Sherman Oaks maker of voice-activated consumer electronics products, said it has hired EVEREN Securities as an advisor to pursue joint ventures, strategic alliances and other opportunities. The company is seeking to join forces with a company that could help expand its distribution network or provide new product applications, said a spokesman.
BUSINESS
June 11, 1996
Voice Powered Technology International Inc., a Sherman Oaks maker of voice-activated consumer electronics products, said it has hired EVEREN Securities as an advisor to pursue joint ventures, strategic alliances and other opportunities. The company is seeking to join forces with a company that could help expand its distribution network or provide new product applications, said a spokesman.
BUSINESS
May 9, 1995
Voice Powered Technology International Inc., a Sherman Oaks-based maker of products that respond to voice commands, reported sharply increased earnings and revenue for the first quarter that ended March 31. The company's quarterly profit was $195,000, up 86% compared to earnings of $105,000 during the first quarter of 1994. Its sales climbed 84% to $5.7 million, from $3.1 million during the year-earlier period.
BUSINESS
June 15, 1993
Voice Powered Technology International Inc., a Canoga Park maker of consumer electronics products, said it signed a distribution agreement with Philips Consumer Electronics Co., the manufacturer and marketer of Magnavox and Philips brands. The agreement calls for Philips Consumer this fall to distribute Voiced Power's voice-programmable device for videocassette recorders to retail channels throughout the United States and Canada.
BUSINESS
February 15, 1994
Voice Powered Technology International Inc. in Canoga Park reported a fourth-quarter profit of $298,000, the first quarterly profit since the voice-recognition consumer-electronics maker was launched in 1992. The profit for the quarter ended Dec. 31 contrasts with a loss of $2 million in the same period a year earlier. Revenue more than tripled to $5.33 million from $1.51 million a year earlier. For the full year, Voice Powered posted a loss of $10.5 million on revenue of $16.8 million.
BUSINESS
March 5, 1996
Voice Powered Technology International Inc., based in Sherman Oaks, signed a five-year marketing deal with Hansol Electronics Inc., which is part of a multibillion-dollar South Korean company. Hansol will pay Voice Powered $1 million plus royalties for the rights to manufacture and distribute in South Korea and China various voice-recognition consumer electronic products.
BUSINESS
March 5, 1996
Voice Powered Technology International Inc., a Sherman Oaks supplier of voice-recognition consumer electronics products, reported a large fourth-quarter loss. In the three months ended Dec. 31, Voice Powered lost $3.37 million on a 31% decline in sales, to $5.56 million. A year earlier, it earned $698,000 on $7.99 million in sales. For all of 1995, the company reported a $2.82-million loss, in contrast with a profit of $371,000 in 1994. Its annual sales fell 34%, to $23.4 million from $17.
BUSINESS
April 6, 1993
Voice Powered Technology International Inc., a fledgling Canoga Park maker of a voice-activated control for programming videocassette recorders, said it plans a national expansion of a televised "informercial" about the product. Since launching sales last fall, Voice Powered has mainly advertised its $169 VCR Voice Programmer in radio advertisements narrated by the company's founder and chairman, Michael Bissonnette.
BUSINESS
March 5, 1996
Voice Powered Technology International Inc., based in Sherman Oaks, signed a five-year marketing deal with Hansol Electronics Inc., which is part of a multibillion-dollar South Korean company. Hansol will pay Voice Powered $1 million plus royalties for the rights to manufacture and distribute in South Korea and China various voice-recognition consumer electronic products.
BUSINESS
May 9, 1995
Voice Powered Technology International Inc., a Sherman Oaks-based maker of products that respond to voice commands, reported sharply increased earnings and revenue for the first quarter that ended March 31. The company's quarterly profit was $195,000, up 86% compared to earnings of $105,000 during the first quarter of 1994. Its sales climbed 84% to $5.7 million, from $3.1 million during the year-earlier period.
BUSINESS
November 8, 1994
Voice Powered Technology International Inc., a Sherman Oaks supplier of voice-recognition consumer electronics products, said that it narrowed its losses in the latest quarter as it broadened its marketing efforts and increased sales. In the three months ended Sept. 30, Voice Powered lost $290,000, in contrast with a year-earlier loss of $3.15 million. Its sales were $3.79 million in the latest quarter, a 73% gain from $2.19 million in sales.
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