Voxware Announces $2.5 Million Financing

Investment Led by Cross Atlantic Capital Partners with Participation by Edison
Venture Fund
HAMILTON, N.J.--(Business Wire)--
Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven
warehousing operations, announced it has executed transaction documents for a
private placement of 1,428,571 shares of its common stock, $0.001 par value (the
"Common Stock"), at $1.75 per share (the "Private Placement"). The Company
anticipates closing on or about June 30, 2009. Aggregate gross proceeds to the
Company will be approximately $2.5 million before expenses.

In connection with the Private Placement, the Company also issued warrants to
purchase 142,857 shares of the Company`s Common Stock which will not be
exercisable until the six (6) month anniversary of the date of issuance and
shall expire three (3) years from the date of issuance, at an exercise price of
$2.50 per share.

"At Voxware we have a number of initiatives in process that continue our
tradition of software innovation," said Scott Yetter, CEO of Voxware. "This
financing enables us to accelerate those initiatives as well as increase funding
of our sales and marketing programs."

"As a long-time investor in Voxware, we are pleased with the Company`s ability
to deliver game-changing software to the market for voice-enabled distribution
centers," said Donald Caldwell, Chairman and Chief Executive Officer of Cross
Atlantic Capital Partners Inc. "We are eager to help fund an acceleration of
Voxware`s product strategy."

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.

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.

Public Relations:
PR@voxware.com
or
Investor Relations:
William Levering, 609-514-4100
IR@voxware.com
or
Product/Sales Inquiries:
609-514-4100 ext. 4122
marketing@voxware.com

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