Advanced Voice Recognition Systems, Inc. Enters into Stock Purchase Agreement for $800,000
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Advanced Voice Recognition Systems, Inc. (AVRS) (OTCBB: AVOI) www.avrsys.com today announced a $800,000 investment in private placement of AVRS common stock. AVRS specializes in speech recognition technology.
“The Company is pleased to secure this additional capital to help us achieve our goals in the interference proceeding and in pursuing licensing agreements.”
President and CEO Walter Geldenhuys said, “The Company is pleased to secure this additional capital to help us achieve our goals in the interference proceeding and in pursuing licensing agreements.”
The full text of the Stock Purchase Agreement is attached to the company’s 8-K report as filed with the U.S. Securities and Exchange Commission (“SEC”).
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities. The common stock has not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements and applicable state securities laws.
FORWARD-LOOKING STATEMENTS
Note: This news release and the Company’s web site referenced in this news release contain "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.
Contacts
Advanced Voice Recognition Systems, Inc.
Walter Geldenhuys
President, CEO &CFO
480 704-4183
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