PHOENIX LICENSES WELLS FARGO BANK, N.A. TO PATENTS COVERING USE OF INTERACTIVE VOICE RESPONSE SYSTEMS

Phoenix Solutions, Inc. has licensed its speech recognition/Advanced language processing portfolio covering Interactive Voice Response (IVR) systems to Wells Fargo Bank, N.A. for the latters use of such technology in responding to call queries concerning customer accounts and other related applications. The portfolio encompasses numerous technologies in wide spread use in the IVR industry, and includes some 300+ issued claims in United States Patent Nos. 6,615,172; 6,633,846; 6,665, 640; 7,050,977; 7,139,714; 7,225,125; 7,277,854; 7,203,646; 7,376,566, 7,392,185 as well as several hundred additional claims pending in more than 2 dozen domestic and foreign applications. The parties have further agreed to dismiss the pending litigation in the Northern District of California as well. Other terms of the license were kept confidential.

For information on how to secure a license to the Phoenix portfolio, please contact Mr. R. Joseph Trojan of Trojan Law Offices in Beverly Hills, CA (310) 777 8399.