Carnegie Speech Company Closes $2.2 Million A-2 Finance Round

Spoken Language Software Company to Expand Marketing, Sales and Distribution
Initiatives

PITTSBURGH, Oct. 5 /PRNewswire/ -- Carnegie Speech Company today announced
that it has closed a $2.2 million A-2 financing round. Proceeds of the round,
along with an additional strategic partnership and technology development
agreement with In-Q-Tel, the independent strategic investment firm that
identifies innovative technology solutions to support the CIA and the broader
US Intelligence Community, will be applied toward international and domestic
US marketing, sales and distribution initiatives.

Carnegie Speech Company is a leading provider of software for assessing and
teaching spoken languages to non-native speakers. With a suite of spoken
language training products featuring artificial intelligence and speech
recognition technologies under global license from Carnegie Mellon University,
Carnegie Speech enables cost-effective, scalable and personalized spoken
language training that maximizes language learning effectiveness while
minimizing training time and expense.

"This investment round will enable Carnegie Speech to expand our sales,
distribution and marketing initiatives in promising business sectors and
geographies," said Angela Kennedy, CEO of Carnegie Speech. "We see significant
demand in Corporate Training, Government, Aviation and Global Education
sectors and will apply these funds toward capitalizing on these
opportunities."

Carnegie Speech's suite of language training software, including Carnegie
Speech Assessment(TM), NativeAccent®, SpeakIraqi(TM) Phrasal and
SpeakIraqi(TM) Advanced, SpeakRussian(TM), SpeakFarsi(TM) and Climb Level
4(TM), is internet enabled to be accessible any time - anywhere. With patent
pending Pinpoint speech evaluation, targeted remediation and personalized
curriculum featured in all its products, Carnegie Speech is positioned to
capitalize on worldwide demand for spoken language instruction.

"We are pleased that the investment community has supported Carnegie Speech
with this current round of financing," said Angela Kennedy. "We are well aware
of the significant challenges of raising funds in this economy, and appreciate
the confidence our investors have in Carnegie Speech's business plan, market
opportunity and management team."

Carnegie Speech: To be understood and to understand - when it really matters!
A global leader in the development of spoken language training software,
Carnegie Speech teaches enterprises and individuals how to speak and
understand new languages through personalized, immediate and pinpointed
language analysis and instruction. Incorporating the linguistic expertise and
technical innovations developed through decades of research at Carnegie Mellon
University's Language Technologies Institute, Carnegie Speech maximizes the
effectiveness of spoken language instruction while minimizing training
resources and expense. From spoken language training to facilitate commerce
and enhance education, to mission-critical communications to improve safety
and security, Carnegie Speech products are used by Business, Aviation,
Government, Education and Health Care enterprises that depend on effective
spoken language communications. Visit www.carnegiespeech.com for more
information.

Contact: John Lucke
Phone: 412-281-3004 x 25
jlucke@carnegiespeech.com

SOURCE Carnegie Speech Company

John Lucke of Carnegie Speech, +1-412-281-3004, ext. 25,
jlucke@carnegiespeech.com