Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS: SSWC), announced today that the Company has borrowed $500,000.00 to invest in business development, sales and retail stores. The Company and the lender, E-Lionheart Associates, LLC, signed a Convertible Debenture with extremely favorable terms. The interest rate is 5% per annum, the term is one year, no stock conversion may be transacted until after August 9, 2011, and the conversion formula is 90% of the lowest closing trade of five previous days. E-Lionheart also contracted with Yorkville/YA Global (formerly Cornell) to purchase 100% of the SpeechSwitch/Cornell debt that was created almost five years ago. E-Lionheart made these supportive, favorable agreements on the basis of SpeechSwitch's broad-based stock support (volume and growth) and on their vision of SpeechSwitch's success through the end of 2011.

Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

Contact: Ken Glynn 908 788 0077