Dallas, Texas 04/01/2014 (FINANCIALSTRENDS) – DynaVox, Inc. (OTCMKTS:DVOX) latest news update relates to the auction of assets pledged by one of its indirect subsidiaries called as DynaVox Intermedicate, LLC. The notification issued by the lender of monies to the subsidiary, declared its intention to auction all of the securities, collateral and assets it held in temporary ownership against loans provided to DynaVox Intermediate.
DynaVox, Inc. (OTCMKTS: DVOX), following the notification will see its outstanding obligations to the loan-provider-JEC BR Partners being redeemed. Further finalized figures are awaited.
DynaVox, Inc. (OTCMKTS:DVOX) holds a market cap of $1.08 million. The company also holds an opening of share price of $0.09 per share at the start of trading session.
DynaVox, Inc. (OTCMKTS:DVOX) the holding company holds sole assets in the form of equities in DynaVox Systems Holding LLC. It has been developing market software as well as devices, besides content to a host of people who have an issue with speech.
DynaVox, Inc. (OTCMKTS:DVOX) main line of services and products are related to learning and speech impediments in adults. It essentially works for such patients as those suffering from the condition called as amyotrophic lateral sclerosis or ALS. The strokes as well as injuries caused by trauma in children as well as celebral palsy are addressed here.
The other disorders which are part of the arsenal the company works with is autism. As statistics reveal disturbing increase in the number of autistic children, solutions provided by the likes of DVOX are intended timely and confidence boosters.
The products allow such patients to integrate themselves with the ‘normal’ world or environment through a series of equipment which will bridge the gap between such differently abled and the rest of the community. These include devices which allow access to internet or be able to communicate with the use of text or light switch based controls. These will also allow the use of television as well as a series of other homes which are as exciting as they are interesting.