Turin, February 17th, 2005

TURIN, Italy and ATHENS, Greece - Loquendo, the global speech technology company, today announced that it has entered into an agreement with Oration SA, a leading Greek speech solutions provider, establishing the latter as a Value Added Reseller for Loquendo’s telephony and multimedia Text To Speech and Automatic Speech Recognition products in Europe.

Through this agreement, Oration will be offering - at more favourable terms - its next generation IVR solutions. Further, Loquendo’s multimedia Text To Speech will open-up new markets for the company through the provision of applications of such type for the disabled, museums, info kiosks, etc. “With this agreement we are formalising a collaboration that has been a success story for more than a year now” said George Lioutas, Managing Director of Oration. “We are very pleased to have teamed up with Loquendo, a company that is and will be at the forefront of evolution in the speech industry in Europe and worldwide for years to come”.

“We look forward to leveraging our partnership with Oration and to establishing a strong presence in the Balkans and South Europe in general” said Rosanna Duce, Vice President, at Loquendo. “Greece is a virgin market still, in terms of speech-enabled applications, and this partnership reflects the vested interests of Loquendo in the region”.

Loquendo offers a full range of technological components to rapidly and easily create best-of-breed solutions in 16 languages. Currently available languages include U.S. and U.K. English, Castilian, Catalan, Mexican, Chilean and Argentinean Spanish, Italian, German, French, Dutch, Greek, Mandarin Chinese, Brazilian, Portuguese and Swedish in both male and female voices.

About Oration S.A.
ORATION S.A., a member of the I-Cube group of companies, was founded in 2003 with the aim of becoming one of the most prominent voice technology companies in Greece and Cyprus. With our prime business focus being the provision of integrated solutions that automate call centre functions, our mission is to improve efficiency and create a competitive advantage for our customers.

In the area of open standards next-generation IVR tools, ORATION is the exclusive representative in Greece and Cyprus of the proven performance leader in VoiceXML-certified platforms and solutions, VoiceGenie Technologies Inc.

Further, ORATION through its investment in R&D has acquired the technical know-how that enables the company to provide a series of engineering and consulting services in a wide range of technological fields.
For more information, visit www.oration.gr.

About Loquendo - Vocal Technology and Services
With over 30 years of R&D expertise, Loquendo is at the forefront of the global speech technologies market. Its high-quality, high-performance technologies (Loquendo TTS - text to speech, Loquendo ASR - automatic speech recognition, Loquendo Speech Server, Loquendo Speaker Verification) and platforms guarantee systems integrators the best solutions in 16 languages and 36 voices - with more coming soon.

From its headquarters in Turin, Italy, Loquendo deploys technologies that power millions of calls every day in the telecommunications and enterprise markets throughout the world.
For more information, visit www.loquendo.com.