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Article: Fonix Secures $20 Million Equity Line, Prepares for Continued Growth.
- Article from:
- PR Newswire
- Article date:
- May 20, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fonix(R) Corporation (BULLETIN BOARD: FNIX) , a leading provider of speech interface solutions, has entered into an agreement for a $20 million equity line. This fourth equity line enables Fonix to continue plans to market and deliver speech solutions to partners and customers.
"The new equity line will make it possible for Fonix to continue to move ahead," says Thomas A. Murdock, president and CEO. "Fonix is poised to aggressively market our speech solutions, and this financing supports those efforts."
Fonix continues to experience revenue growth as the demand for speech recognition and speech-based solutions also grows. Award-winning products and a ...