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SpeechSwitch, Inc. (USOTC: SSWC) GREENSMART(TM) Retail Store and Other Progress Reported

^{Published on 2010-07-12 09:40:20 - Market Wire}
 

FLEMINGTON, NJ--(Marketwire - July 12, 2010) - Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS: [ SSWC ]), announced today that he is negotiating with a major suburban shopping mall for a long term lease for a retail store. Based on a recent marketing survey to select a store brand name, the retail outlets will be called "GreenSmart™." "GreenSmart™" stores are expected to sell solar powered products, wind powered products and products made of recycled materials. These will include solar powered cell phones, PDA, laptop and other electronic chargers, solar powered MP3 Players, as well as home and office products made of recycled metals and plastics. A small line of eco-friendly books will also be included. "Kenergy™ GreenSmart™" is expected to become the flagship for company-owned and possibly franchised retail stores.

In other news, Ken reported that major retailers continue to view the Kenergy solar iPhone recharger positively and a major sales announcement may come within the next week.

Ken also announced that the first patent application on biodegradable bandages was filed today, that the second will be filed soon and that the joint application with Dr. Alain Martin, (the inventor of Neosporin and other commercially successful products) will be filed shortly thereafter.

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.