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SpeechSwitch, Inc. (USOTC: SSWC) Trademark and Patent Application Filings; Deferred Executive Salary and Other Progress Reporte

^{Published on 2010-07-06 07:30:29 - Market Wire}
 

FLEMINGTON, NJ--(Marketwire - July 6, 2010) - Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS: [ SSWC ]), announced that the company filed two trademark applications today based on intent to use in interstate commerce. One trademark, "GreenAide™," is for biodegradable bandages and band aids. The second trademark application is "GreenBase," for retail stores selling solar powered products, wind powered products and products made of recycled materials. "Kenergy Scientific™ GreenBase™" is expected to become the flagship for company-owned and possibly franchised retail stores.

Ken also announced that the first patent application on biodegradable bandages will be filed before July 12, 2010, that the second will be filed by July 30, 2010 and that the joint application with Dr. Alain Martin, (the inventor of Neosporin and other commercially successful products) will be filed shortly thereafter.

He also stated that the accounting and legal aspects of getting the company current are going forward with about 40 hours of work completed. He also stated that he has opted to defer payment of his salary for the past year for an indefinite period so as to more effectively use available funds for business development.

He also reported, "We have a number of active representatives both at the sales end and at the production end, and progress is being made daily in our commercialization efforts. Two major potential retailers have requested test samples of the Kenergy™ Solar Recharger for iPhones."

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.