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SpeechSwitch, Inc. (OTC: SSWC) Reduces Debt; Forms Kenergy Scientific Group

^{Published on 2010-06-07 07:40:21 - Market Wire}
 

FLEMINGTON, NJ--(Marketwire - June 7, 2010) - Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS: [ SSWC ]), announced today that he has reduced the company's debt by more than $450,000.00 by conversion of debt to restricted Class A and Class B stock. He also announced the expansion of the Kenergy Scientific Group within the company. The Kenergy Scientific Group will select novel and creative products for sale by SpeechSwitch under the Kenergy Scientific brand. Current plans are to launch a series of products beginning in early July 2010.

SpeechSwitch, Inc. is an independent publicly traded company no longer affiliated with iVoice, Inc. It has not been in the speech recognition systems business for more than a year and is now devoted to the development and sale of products in four SSWC categories: Solar power systems; Solar products; Wind turbine systems and other Creative products -- SSWC, that's our symbol!

Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," 'should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.