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InAmerica Obtains VSSI Software License For Its U3 Technology Product


Tulsa, OK,- October 10, 1991- InAmerica Corporation, a turnaround specialty firm, announced today that it has entered into a license agreement with Voice Systems and Services, Inc. (VSSI) which provides for the perpetual use of all VSSI software utilized by InAmerica’s “Grapevine” product.  letter of intent with Automotive Income Management, Inc., a privately-held corporation, to purchase Automotive’s business and assets, a direct marketing company working exclusively within the automotive industry.  Additionally, VSSI will house, operate and maintain the Grapevine system on its servers.


The consideration for the perpetual license will be the issuance of 2,600,000 shares of InAmerica Corporation Class A Common shares, par value $.001, from its authorized but unissued shares.  The effect of this issuance will be to increase the total issued and outstanding common shares from 23,172,760 to 25,772,760.  The transaction also provides for an additional $100,000 payment to VSSI, upon a secondary public offering of InAmerica’s stock.


This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Actual results of the combined entity could differ materially from those projected as a result of the timing and cost of implementing a restructuring program associated with combining the two companies. Also, actual results could differ due to various factors including the size and timing of individual orders, the conversion of engineering design orders into equipment orders, the recovery of project change orders, and the progress of the Company's product development activities relating to new markets. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated events.


Press Contact:

C. Gus Cristo,

President

InAmerica

  1. (918)622-3300


Peter T. Zuyus,

President

Voice Systems and Services, Inc.