OTCPicks Featured Company: Samoyed Energy Corp. (SMYD.OB) Enters into Letter of Intent with Advanced Voice Recognition Systems, Inc.
Samoyed Energy Corp. (OTCBB: SMYD) announced the signing of a letter of intent for a business agreement with Advanced Voice Recognition Systems, Inc. (AVRS). The result of the signed agreement would include transactions concerning current shareholders of AVRS becoming owners of an aggregate of 140,000,000 shares of SMYD common stock, or approximately 86% of the then outstanding common stock of SMYD. AVRS already has in place and developed a speech recognition system for computerized transcriptions that it believes are unique. Unlike an ASR (automatic speech recognition) commercial type product, AVRS has taken a fresh approach to the objective of speech…