ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI) Files An 8-K Entry into a Material Definitive Agreement

ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.  Entry Into a Material Definitive Agreement

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On March 31, 2017, Advanced Voice Recognition Systems, Inc. (“AVRS”) entered into a Letter of Engagement for Legal Services Limited Scope Agreement  (“Agreement”) with Schmeiser, Olsen & Watts LLP (“the Firm”) to which the Firm will serve as local counsel in the United States District Court, District of Arizona.  

The Firm has been hired to represent AVRS as local counsel in connection with forthcoming litigation in the U.S. District Court, District of Arizona.  Under the Agreement, AVRS will pay the Firm an evergreen fee advance of $3,000 for deposit into the Firm’s trust account.  The Firm will draw from the $3,000 placed in the Firm’s trust account to compensate for services as performed.   AVRS may terminate the Agreement at any time.

In 2015, AVRS entered into an Advisory Services Agreement (the “Advisory Services Agreement”) with Dominion Harbor Group, LLC (“Dominion”), a copy of which was filed as Exhibit 10.1 to AVRS’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 21, 2015. to the Advisory Services Agreement, Dominion will pay the Enforcement Expenses described in Section 10 of the Agreement on behalf of AVRS. 

The foregoing is qualified in its entirety by reference to the Limited Scope Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. 

Item 9.01         Financial Statements and Exhibits.

Exhibit No.      Document                                           

10.1                 Limited Scope Agreement dated March 28, 2017



About ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI)

Advanced Voice Recognition Systems, Inc. is a software development company. The Company specializes in creating interface and application solutions for speech recognition technologies. The Company’s principal proposed product is speech recognition software and related firmware, which allows for dictation into a range of applications, including disk operating system (DOS) applications running in Windows, UNIX and mainframe applications accessed through terminal emulation programs, various custom applications, and all Windows 3.x, 95, 98, 2000, XP, Vista and Windows 7 programs. This product is designed to allow for deferred dictation, where the text is saved with the associated audio, and the users can resume when stopped and can play back dictated content. Similarly, the recognized text and associated audio can be saved to be used when text is corrected.

ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI) Recent Trading Information

ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI) closed its last trading session down -0.00085 at 0.00795 with 23,000 shares trading hands.

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