AVST News

AVST and CIT Enter Strategic Relationship

New Partnership Arms AVST Resellers and Customers with Greater Financing Options for Unified Communications Solutions

Foothill Ranch, Calif., January 30, 2007Applied Voice & Speech Technologies, Inc. (AVST) today announced it has signed an agreement with CIT Technology Financing Services, Inc., a unit of CIT Group Inc. a leading global provider of commercial and consumer finance solutions. Through the agreement, CIT will provide AVST resellers and end-user customers with easy, flexible and innovative financing solutions for its CallXpress product line and related IP telephony equipment.

A leading provider of unified communications solutions, AVST has partnered with CIT to enable businesses of all sizes to realize the business and productivity benefits of a second generation communications platform through flexible financing options.  AVST’s CallXpress platform delivers world-class call processing, voice messaging, unified messaging and advanced speech applications and increases employee productivity, effectiveness and collaboration at a minimal investment.

Ron Arrington, President of CIT Vendor Finance U.S., said, “CIT is excited to provide alternative financing options that make it easy for clients to acquire AVST’s technology. The unified communications marketplace is taking hold, and our new relationship with AVST will further the advancement of this growing space.”

AVST has introduced the new program to its 180 U.S. based reseller partners with overwhelming response.  “Our technology is all about choice and flexibility,” said Denny Michael, AVST Vice President of Marketing.  “Our new partnership allows us to extend those basic principles to financing options.  Flexible and easy options in financing make our products more available to our end-user community thereby enabling them to upgrade their communications infrastructure to take them into the future.”

CIT Vendor Finance is a global leader in financing solutions that drive incremental revenues for manufacturers, distributors, and other intermediaries.  It provides customized financing solutions to customers in nearly 40 countries, supporting a wide variety of industries, including health care, industrial equipment, and technology.

About CIT
CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has more than $74 billion in managed assets and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries worldwide. CIT, a Fortune 500 company and a member of the S&P 500 Index, holds leading positions in cash flow lending, vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. With its global headquarters in New York City, CIT has more than 7,300 employees in locations throughout North America, Europe, Latin America, and Asia Pacific. http://www.cit.com

About AVST

With more than 35 years of continuous innovation, Applied Voice & Speech Technologies, Inc. (AVST) is a trusted developer of software-based, enterprise-class Unified Communications (UC) solutions.

Our mission is to design, deliver and support communications solutions that transform the productivity of individual workers, teams and enterprises while leveraging the value of their existing and evolving IT infrastructure.

Thousands of businesses worldwide rely on AVST's advanced voice, mobility, team communications and business process UC solutions to meet their mission-critical communications requirements. The world-class interoperability and flexibility of AVST's UC platform provides a future-proofed bridge to their digital future.

Headquartered in Orange County, California, AVST maintains facilities in Seattle, Washington, Victoria B.C., Canada, the United Kingdom, and has remote sales offices throughout the United States. AVST's UC solutions are sold and supported worldwide by an extensive network of resellers and OEM partners. To learn more about AVST, our products and partners, please visit www.avst.com or you can follow us at Twitter, Facebook or LinkedIn.

AVST Unified Communications - 2 minute movie about AVST:
http://www.youtube.com/watch?v=S0rSSzvRu1E