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SpeechSwitch, Inc. as a wholly owned subsidiary of iVoice, Inc., owns all of the agreements, contracts, understandings and other instruments of iVoice Technology 3, Inc. (iVoice Technology 3), a previously wholly owned subsidiary of iVoice, Inc. The Company develops, markets and licenses the lines of business relating to iVoice's Speech- Enabled Auto Attendant, Name Dialer and Speech Software Developers Kit (Speech SDK) products. Speech recognition is used to recognize what a person says, and through the use of natural language understanding, derives the meaning of what is said. SpeechSwitch also offers a range of support services that enable its customers and channel partners to develop voice-driven applications that use its software.(Source: 10KSB)