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VeCommerce announces four major international and national customer contracts



Delivers revenues of $2 million over next twelve months

VeCommerce Limited (ASX:VCM), a global leader in the provision of natural language speech recognition (NLSR), speaker verification and voice enabled e-commerce solutions, has announced a number of new sales.
The company has had further international success with its voice enabled wagering solution, VeBet, with Youbet.com joining the VeCommerce customer stable. Youbet is the largest internet provider of thoroughbred, quarter horse and harness racing content in the United States and will offer VeBet to its account holders.
VeCommerce has now sold VeBet to 15 leading wagering organisations in 5 countries around the world. Today, the organisation has over 30 major organisations globally using its various NLSR solutions to deliver greater service to their customers while enjoying operational efficiencies.
BOC in Australia, a member of The BOC Group, an international leader in the provision of gas and related services, solutions and applications technology, vacuum technology and health care, has awarded VeCommerce a contract to develop a voice enabled self-service solution for its retail partner network.
The new solution, scheduled to go live by Q4 this calendar year, will allow BOCs retail network of partners across metropolitan and regional Australia to review their customers account status and process sales transactions. Where applicable, BOC will implement VeCommerces VePay solution to enable customer order payments using a credit card, simply by speaking directly to BOCs computer systems.
Within the financial services industry, Computershare has, this week, introduced a VeCommerce voice-enabled enhancement to its shareholder inquiry system that will provide a more user friendly service to its callers by allowing them to check their holdings, listen to the share price or hear dividend history simply by talking directly to Computershares host.
In New Zealand, VeCommerce has been awarded an extension to the Inland Revenue project. This new phase allows callers to request a Personal Tax Summary and confirm that the details of a Personal Tax Summary are correct.
Paul Magee, VeCommerce Managing Director, said, VeCommerce continues to prove that the market for voice enabled self-service solutions is growing and that our suite of field hardened application modules and our mature application development expertise continues to attract ongoing global interest and resulting sales while laying the foundations for future opportunities. These deals are expected to generate revenues in the order of $2 million over the coming twelve months.
With over 30 major organisations around the world as clients, VeCommerce is the leading supplier of voice enabled e-commerce solutions in its chosen markets, and has continued to strengthen relationships with its key suppliers and partners including Alcatel, Damovo, Genesys, NEC, Nuance and ScanSoft.
About VeCommerce the future is hear
VeCommerce Limited (ASX:VCM), is a global leader in the provision of natural language speech recognition (NLSR), speaker verification and voice enabled e-commerce solutions. VeCommerces core focus is to provide tailored business solutions, using the latest in communications and speech technologies, that allow callers to complete complicated but routine transactions or inquiries without the need to struggle with frustrating push button menus or having to wait for an available operator to answer their call.
VeCommerce clients around the world include: AAPT, Suncorp, Ladbrokes, ASX Perpetual, Pizza Hut, the NSW Motor Accidents Authority, Magna Entertainment Corporation, Westpac, Auckland Co-op Taxis, New Zealands Ministry of Social Development and TABs Australia wide.
More information about VeCommerce can be found at www.vecommerce.com.
About Youbet.com
Youbet.com (NASDAQ:UBET)is the largest Internet provider of thoroughbred, quarter horse and harness racing content in the United States. Members have the ability to watch and, in most states, to wager on nearly all major domestic horse racing content via Youbet's exclusive closed-loop network. Youbet members enjoy features that include commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information, phone wagering and value-added handicapping products.
Youbet.com is a patent and content licensee and maintains strategic relationships with TVG, an indirect subsidiary of Gemstar-TV Guide International, Inc. (NASDAQ:GMST - News) and MEC Pennsylvania Racing, part of Magna Entertainment Corp. (NASDAQ:MIEC - News). Youbet.com is an official online wagering platform of Churchill Downs Incorporated and the Kentucky Derby.
Youbet.com operates Youbet.com TotalAccess(SM), an Oregon-based hub for the acceptance and placement of wagers. More information on Youbet.com can be found at www.Youbet.com.
About Computershare
Computershare (ASX: CPU) is one of the worlds leading financial services and technology providers to the global securities industry, providing services and solutions to listed companies, investors, employees, exchanges and other financial institutions. With a unique range of integrated services, Computershare provides specialised records management for company share registers and employee share and stock option plans, document design and communication, strategic investor relations and market intelligence, and a variety of sophisticated trading technologies for financial markets.
Computershare is the largest and only provider of global shareholder and employee management services with more than 60 million shareholder accounts for over 7,000 corporations across 10 countries on five continents. Founded in Australia, Computershare today employs more than 6,000 people worldwide. More information on Computershare can be found at www.computershare.com.au.
About BOC
BOC in Australia is a member of The BOC Group, an international leader in the provision of gas and related services, solutions and applications technology, vacuum technology and health care. It is an FTSE 100 publicly listed company with an annual turnover of $A10 billion and operates in 60 countries. In Australia, BOC is one of the top 100 companies, with an annual turnover exceeding $1 billion. In the South Pacific, the company has production facilities in almost every Australian capital city, 80 retail outlets, more than 800 agents and 2,000 employees who service over 600,000 customers throughout the region.