Preferred Voice Appoints New Chairman and CEO and Raises $1 Million
DALLAS - Preferred Voice Inc. (OTC BB: PFVI) announced that it has appointed former Microsoft executive Latif Nathani, as chairman and CEO, and has raised $1 million in a private placement of equity securities.
Nathani brings more than 10 years of leadership experience and entrepreneurial spirit to Preferred Voice. Before spearheading NISD efforts to productize speech recognition, natural language and search technologies at Microsoft, Nathani founded the successful eMemories.com that was later acquired by eCompanies. During his decade at Microsoft, Nathani co-founded the Systems Management Server product group and the speech products business group. He also had the experience of being an engineer on the Windows NT 3.1 team and a marketer in the Microsoft Office 95/97 team. Currently, Nathani serves as chairman for Minecode LLC, based in Bellevue, Washington. He will retain his position as chairman at Minecode LLC. Preferred Voice also announced completion of a private equity offering that raised $1 million in gross proceeds from existing institutional and individual investors. The capital will support Preferred Voice's plans to broaden its marketing efforts and introduce its enhanced product line to new and existing customers.