HAMILTON, NJ – November 13, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, reported results for the quarter ended September 30, 2009.  Overall revenues decreased 16% to $2.747 million for the quarter ended September 30, 2009 from $3.254 million during the comparable prior year period. Net loss on a Generally Accepted Accounting Principles (“GAAP”) basis was $1.215 million for the quarter ended September 30, 2009, compared to a net loss of $1.970 million for the comparable prior year period.  Voxware's financial statements for the quarter ended September 30, 2009, can be found in its Form 10-Q filed with the Securities and Exchange Commission on November 13, 2009.

“We previously stated that we expected challenging economic conditions to continue into Fiscal 2010, and that has been the case,” said Scott Yetter, Voxware CEO.  “In addition to the slow summer months, the overall economy continues to influence spending decisions by current and prospective customers.”

“Our cash position remains strong at $3.8 million, and our debt is low. We have taken further steps to ensure that expenses will be more closely aligned with expected revenue during the second half of fiscal 2010.”

Net loss on a non-GAAP basis was $868,000 for the quarter ended September 30, 2009.  The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $347,000 for the quarter ended September 30, 2009.  A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release.

About Voxware

Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

About Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, this press release includes the following measure defined by the Securities and Exchange Commission as a non-GAAP financial measure: non-GAAP net loss. This non-GAAP measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies. In addition, this non-GAAP measure, the financial statements prepared in accordance with GAAP and reconciliations of Voxware’s GAAP financial statements to such non-GAAP measure should be carefully evaluated.

Management believes that the large amount of stock-based compensation charges incurred during the quarters ended September 30, 2009 and 2008 makes non-GAAP net loss an important metric for investors to value the Company. Non-cash stock-based compensation charges for the quarter ended September 30, 2009 were $347,000 compared to $309,000 in the quarter ended September 30, 2008, an increase of 12%. Accordingly, we believe that non-GAAP net loss, excluding non-cash stock-based compensation costs, are meaningful measures for investors to evaluate our financial performance. Moreover, because of varying available valuation methodologies and the variety of award types that companies can use under current accounting literature, we believe that providing non-GAAP financial measures that exclude non-cash stock-based compensation allows investors to make additional comparisons between our operating results to those of other companies. The presentation of non-GAAP net loss, when read in conjunction with our reported GAAP results, can provide useful supplemental information to our management and investors regarding financial and business trends relating to our financial condition and results of operations.

Stock-based compensation has been and will continue to be for the foreseeable future a significant recurring expense in our business. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. We compensate for this limitation by providing specific information regarding the GAAP amounts excluded from the non-GAAP net profit and evaluating such non-GAAP financial measures with financial measure calculated in accordance with GAAP.

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For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

Product/Sales Inquiries:
marketing@voxware.com
609-514-4100  ext. 4122

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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Hamilton, NJ – September 28, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, reported results for the fourth quarter and year ended June 30, 2009. Total revenues decreased 39% to $3.803 million for the quarter ended June 30, 2009 from $6.207 million during the comparable prior year period. Revenues decreased 38% to $14.527 million for the year ended June 30, 2009 from $23.384 million during the comparable prior year period. Net loss on a Generally Accepted Accounting Principles (“GAAP”) basis was $603,000 for the quarter ended June 30, 2009, compared to a net profit of $66,000 for the comparable prior year period. Net loss on a GAAP basis was $4.826 million for the year ended June 30, 2009, compared to a net profit of $585,000 for the year ended June 30, 2008. Voxware's financial statements for the year ended June 30, 2009, can be found in its Form 10-K filed with the Securities and Exchange Commission on September 28, 2009.

Net profit (loss) on a non-GAAP basis was $97,000 and ($3.209) million, respectively, for the three months and year ended June 30, 2009. The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $700,000 and $1.617 million, respectively for the three months and year ended June 30, 2009. A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release.

“Revenue increased 17% during the second half of the fiscal year over the first half, which enabled us to operate cash flow positive for the past six months,” said Scott Yetter, Voxware CEO. “Furthermore, our cash balance is even stronger than it was a year ago, as we added $2.5 million in equity funding in June 2009. The Company had $4.3 million in cash at June 30, 2009.”

“We are confident that cost containment projects such as implementing voice in distribution centers will be among the first to be funded as the economic climate improves, and we believe that the steps we have taken position Voxware to better serve increased market demand as it occurs.”

About Voxware

Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

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For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

Product/Sales Inquiries:
marketing@voxware.com
609-514-4100  ext. 4122

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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Hamilton, NJ – July 27, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that release 3.1 of its flagship Voxware 3 software product is now generally available.

Release 3.1 is a major upgrade that reinforces Voxware’s commitment to portability with support for new mobile devices, improves scalability, and extends voice applications with new advanced features.

One advanced feature is Variable Pick and Pass – a workflow with many choices for driving the process of passing containers when more than one worker is needed to complete order selection.  The ability to configure various picking processes responds to a key need for many distributors of such diverse products as books, auto parts, and consumer packaged goods.

“We are continuing to do something unique in the voice industry – delivering successive releases of a packaged voice software product,” said Scott Yetter, Voxware CEO.  “Plenty of vendors create customized solutions that are frozen in time and expensive to change.  Voxware, on the other hand, has delivered a true software product with a release schedule and new capabilities customers can leverage over time.” 

Beyond Variable Pick and Pass, Release 3.1 also delivers Dynamic Loading – an industry-unique adaptive workflow that gives supervisors unprecedented flexibility and control over the validation of loads, pallets, trailers, and doors that must be managed every day in shipping orders on time and error-free.  Style-Color-Size voice-enables product handling for Voxware’s growing cadre of soft goods retailers, distributors, and manufacturers.  Another enhancement is Advanced Container Management – an array of configurable options that supports the increasingly sophisticated container handling requirements of modern warehousing operations.

In all, Release 3.1 contains over 25 major enhancements, upgraded features, and improved workflow capabilities.

About Voxware

Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

Product/Sales Inquiries:
marketing@voxware.com
609-514-4100  ext. 4122

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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Hamilton, NJ – June 22, 2009 – Voxware, Inc. (NASDAQ: VOXW), a leading supplier of software for voice-driven warehousing operations and Royal 4 Systems, a world leading Supply Chain software provider announced today the strategic integration of Voxware’s voice solution with Royal 4’s Warehouse Management System (WMS). Royal 4 Systems will resell Voxware’s open voice software product for the supply chain, thus providing a completely hands free picking environment for Royal 4 customers.

“Many of our clients have expressed the need to expand their options when it comes to managing the traditional picking process. They want to have options available for optimum system configuration,” says Jess Noguera, President of Royal 4 Systems. “Voxware is also easy to configure and as a result,” continues Noguera, “Royal 4 can rapidly adapt to changes in our customers’ environments and warehouse business processes and get voice solutions up and running in a much shorter time.”

“The strategic integration of Voxware’s open voice software solutions with Royal 4 Systems validates our standards-based approach in the industry,” said Scott Yetter, CEO of Voxware. “As we look to deploy our voice software solutions to more clients across distribution centers in a variety of industries, we are excited to partner with innovative WMS providers such as Royal 4 Systems.”

Royal 4 is an international supply chain solution company. For over 25 years, Royal 4 Systems has been providing leading software solutions for the distribution, logistics, and manufacturing segments of the supply chain. These solutions service many mainstream vertical markets including automotive, medical, textiles, apparel, Industrial and consumer products. Their staff of seasoned professionals has spent decades of research and development in solving some of the most difficult challenges facing supply chain management. They know from years of cooperation and partnership exactly what their client’s requirements are, and they strive to fulfill those requirements in every aspect of their business. You can find them on the Internet at www.royal4.

About Voxware

Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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Reading, England – May 20, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Gareth Giles Knopp has been appointed Managing Director of its UK subsidiary.  Mr. Giles Knopp will direct Voxware’s operation in the United Kingdom, as well as manage business development in targeted EMEA markets.

Mr. Giles Knopp is a veteran of the supply chain software industry; before joining Voxware he spent 7 years with Dallas Systems then EXE Technologies, working with many companies and implementing WMS best practices- throughout Europe and the Middle East.  He then spent 3 years as General Manager of Software Professional Services for Swisslog (UK) Ltd where his responsibility focused on management of all projects and software development for Swisslog’s implementations.  He has been with Voxware since 2004 when he established the UK business, most recently as Director of Business Development in EMEA.

“Some of the UK’s leading companies, including Waitrose, Argos and Somerfield depend on Voxware for their voice-directed warehousing operations,” said Scott Yetter, Voxware CEO. “Gareth has been instrumental in expanding our customer relationships and increasing our business.  He is ideally suited to take our UK business to the next level.”

About Voxware UK Ltd

Voxware’s UK offices are located in Theale, near Reading.  The office is a full-service operation, providing sales, delivery, and support services to customers in the UK and across the EMEA region.

About Voxware
Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com
609-514-4100

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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“Compared to our second fiscal quarter of 2009, our net loss narrowed by 67%, and we also saw a 17% revenue increase,” said Scott Yetter, Voxware CEO. “Like many other companies, we implemented cost reduction measures, and the benefits of these steps were seen in our financial results. Furthermore, our cash position remains as expected as we move into the last quarter of our fiscal year.”

“Large enterprises continue to seriously evaluate Voxware’s software, and we are confident that cost containment projects such as implementing voice in distribution centers will be among the first to be funded as the economic climate improves.”

Net loss on a non-GAAP basis was $250,000 and $3.303 million, respectively, for the three and nine months ended March 31, 2009. The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $310,000 and $920,000, respectively for the three and nine months ended March 31, 2009. A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release.

About Voxware
Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution.  Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at http://www.voxware.com.

For Additional Information:

Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
IR@voxware.com

This news release contains forward-looking statements.  Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital and its ability to raise such capital on terms acceptable to Voxware; the potential for Nasdaq delisting proceedings; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission.  Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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“During our second fiscal quarter, we saw a slight revenue increase over our first quarter,” said Scott Yetter, Voxware CEO.  “We have implemented cost reduction measures, and the benefit of these steps will begin to be seen in our financial results in subsequent financial reporting periods.  Furthermore, our cash position remains strong as we move into the second half of the year.”

“Large enterprises continue to seriously evaluate Voxware’s software, and we are confident that cost containment projects such as implementing voice in distribution centers will be among the first to be funded when the economic climate improves."

Net loss on a non-GAAP basis was $1.392 million and $3.053 million, respectively, for the three and six months ended December 31, 2008.  The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $301,000 and $610,000, respectively for the three and six months ended December 31, 2008.  A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release.

About Voxware
Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution.  Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at http://www.voxware.com.

For Additional Information:

Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
IR@voxware.com

This news release contains forward-looking statements.  Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital and its ability to raise such capital on terms acceptable to Voxware; the potential for Nasdaq delisting proceedings; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission.  Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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Expanding Flexibility and Freedom of Choice for Customers

Hamilton, NJ – January 20, 2009 – Voxware, Inc. (NASDAQ: VOXW), a leading supplier of software for voice-driven warehousing operations, today announced it has joined the Intermec Honours Partner Program, and that the Intermec CN3 device, the smallest, most advanced, rugged computer in the world has officially won Voxware certification. Intermec develops, manufactures, and integrates technologies that identify, track, and manage supply chain assets. The partnership is further validation that Voxware’s open, standards-based voice software has raised the bar in warehouse operational efficiency and adaptability.

“Intermec is well-known as an intensely customer-focused company that works hard to help enterprises succeed with automated data capture (AIDC) and mobile computing technology,” said Scott Yetter, president and CEO of Voxware. ”We have very high standards when we certify a device for voice operation, including 99.9% recognition accuracy, and we were impressed by the quality and performance of the CN3. We are very happy to be the only voice software provider to achieve Honours Partner status, and are thrilled to team with Intermec to bring the best in open voice technology to the Intermec customer community.”

"We at Intermec are enthusiastic to welcome Voxware as an Honours Program Partner,” said Patrick Byrne, Intermec president and CEO. “We pride ourselves in high quality engineering that delivers strong customer benefit. During 2008 we experienced a strong demand from key customers for Voxware-based voice technology, and now our two companies are well positioned to deliver on the promise of our partnership.”

The Intermec Honours Partner Program was developed to recognize and harness the power of a worldwide partnership with the end goal of delivering highly valued solutions for mutual customers. The program has been globally lauded by customers who have been provided with the best possible data collection, mobile computing and RFID solutions in the market today.

About Voxware
Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained at www.voxware.com.

About Intermec
Intermec Inc. develops, manufactures, and integrates technologies that identify, track and manage supply chain assets. Core technologies include RFID, mobile computing and data collection systems, bar code printers and label media. The company’s products and services are used by customers in many industries worldwide to improve the productivity, quality and responsiveness of business operations. For more information about Intermec, visit www.intermec.com or call 800-347-2636.

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For Additional Information:

Voxware
Public Relations Contact:
Meredith Joseph
mjoseph@gobraithwaite.com
215-564-3200 ext. 119

Investor Relations Contact:
William Levering
IR@voxware.com
609-514-4100

Intermec
Kellen Davison
Corporate Public Relations Manager
425-265-2172
kellen.davison@intermec.com

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; the pending Nasdaq delisting proceedings; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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