Vocollect Closes 2004 with Record Growth

With 170 per cent increase in Europe

PITTSBURGH - 15 February 2005 — Vocollect, the global leader in voice-directed work , today announced that 2004 revenues exceeded $80 million, an 80 per cent increase over its 2003 revenues of $45 million. Over the past four years, Vocollect’s Compounded Annual Growth Rate (CAGR) has exceeded 75 per cent.

“Vocollect continued to gain momentum in 2004 as we expanded our offering and moved into new markets such as retail, apparel, automotive after-market and third-party logistics (3PL). To support this growth, we added more than 100 people to our staff,” said Jack LeVan, Vocollect president and CEO. “Vocollect’s growth has also enhanced an already strong balance sheet, so we are well positioned to meet growing worldwide demand for our voice-directed work.”

“Vocollect continued to accelerate the value-add provided by our world class global reseller network by delivering new voice-directed distribution applications that are tightly integrated with our leading warehouse management system (WMS) partners, material handling systems integration firms and selected voice specialist value-added reseller companies,” said Tim Eusterman, Vocollect vice president of marketing and business development. “Voice-directed work is becoming broadly accepted as a significant operational advantage that offers rapid ROI across a number of market segments.”

Vocollect sales grew even more rapidly outside of North America . In Europe, 2004 revenues exceeded 2003 by more than 170 per cent due to increased penetration into several new countries in EMEA and expanded presence in many vertical distribution markets beyond grocery, convenience store and food wholesale – including office supplies, automotive parts, electronics, drug store and pharmaceuticals, clothing, sportswear and bakeries. The company also opened a new sales office to support Latin America. An additional US sales office was opened near Chicago’s O’Hare airport to better service Vocollect’s growing domestic customer base.

Continuing its commitment to extend the value and power of the company’s portfolio of voice-directed work offerings, Vocollect formed a New Ventures Group in 2004. Led by Vocollect Chief Technology Officer Roger G. Byford and Vice President, Strategic Initiatives Jim Logan, the Vocollect New Ventures Group will cultivate new markets and applications where Vocollect’s voice technologies can provide the same superior ROI as they do in the warehouse.

About Vocollect
Since 1987, Vocollect Inc. has delivered dramatic improvements in productivity, accuracy, cost reduction and workers satisfaction for mobile employees. Vocollect’s voice-directed work applications literally talk people through their daily tasks, replacing traditional work lists and cumbersome data capture methods with personal voice dialogs. The company’s global network of resellers and supply chain performance experts enables more than 100,000 people on six continents to use voice to improve work every day. Vocollect is headquartered in Pittsburgh, Pa., U.S., and supports its clients and resellers through regional offices in Europe, Latin America and Asia. For more information, visit www.vocollect.com. Vocollect®, Talkman®, Vocollect Voice®, Vocollect VoiceConsole®, Vocollect VoiceLink®, and Voice-Directed Work® are registered trademarks of Vocollect Inc. All rights reserved.

VOCOLLECT EUROPE CONTACTS:
Marie-Eve Fonlupt
Raf Jezierski
Tel:+44(0)1628 552900

STRATEGIC CONTACTS:
Amy Redhead
Strategic for Vocollect Europe
amyr@strategicpr.net
+44 1494 434 434

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