Business Editors

SALT LAKE CITY----Fonix Corp. 31, 2003., which provides facility-based local and long
distance phone services and Internet services to business and
residential customers . Investors are cautioned that
forward-looking statements involve risk and uncertainties that may
affect the company's business prospects and performance. The initial print run shall be at least 8,000 copies
at a selling price no lower that RMB$25.

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(Photo: http://www.
The conference , "Strategies for Leadership: Does Your Hospital Reflect the
Community It Serves?" was sponsored by CyraCom International, the country's
leading provider of language services to health care., effective March 1, 2004, and operations for The Fonix
Speech Group are for the entire calendar year ended Dec ."
"Our strategy over the past year has been to focus on both organic
and acquired growth in order to increase efficiency, better manage our
costs and deliver new revenue from a variety of sources on both the
telecom and speech sides of the business," said Roger D. and The Fonix Speech
Group . The agreement permits format re-design to meet
the needs of the Chinese market, also as approved by Reader's Digest. The
first publications of the works must be completed within 12 months of the
signing of the agreement.

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Major Asian manufacturers begin working to include
the speech solution on upcoming devices in the handheld
dictionary market. The
company does not undertake any responsibility to update the
forward-looking statements contained in this release.18)
============= ============= =============


Consolidated Balance Sheets

As of As of
Dec.

About Xinhua China
Xinhua China Ltd.

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com.

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"
Languages most needed in 700+ health care facilities nationwide last year
were, according to CyraCom data, Spanish, Russian, Vietnamese, Korean and
Polish .

About Cook Children's Medical Center
Cook Children's Medical Center was founded to provide medical and surgical
care to the children of Fort Worth, and north and west Texas. "We are pleased with growth in our speech
group's market position in videogames, speech applications for mobile
and wireless devices, and the potential explosive growth in electronic
dictionaries powered by Fonix speech solutions in the Asian markets., Fonix
introduced its Voice over Internet Protocol (VoIP) product for
small to medium-sized business customers in the southeastern
United States.
Reader's Digest, the largest-selling magazine in the world, now appears in 48
editions and 19 languages.

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In
addition to over-the-phone interpretation, this includes translation of
written materials as well as testing and training.
In the year ahead, we expect to be able to capitalize on regulatory
changes affecting our two telecommunications subsidiaries , LecStar
Telecom Inc., a provider of Internet services to
business and residential customers . 31, 2003
------------- -------------

Assets 19,000,000 3,173,000
Liabilities 21,058,000 13,570,000
Stockholders ' deficit (2,058,000) (10,397,000)

(OTC Bulletin Board: XHUA) announced today its subsidiary, Beijing Boheng
Investment + Management Co.cn .

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Cook Children's system includes;
pediatric offices in 35 locations, community and regional clinics, health
plan, home health services, medical transport service and community advocacy
programs.

Fonix Announces 2004 Results -- Addition of Telecom Subsidiary Drives Revenues to $15M; Speech Applications Continue to Gain Traction across Multiple Markets

We also look forward to delivering
VoIP, telecommunications services via Broadband over Power Lines, and
other next-generation telecommunications services to business and
residential customers . 31, 2004). That gives us the ability to distribute publications like those
covered in the agreement to a network of bookstores throughout China.

Safe Harbor Statement
This news release may include forward-looking statements within the
meaning of section 27a of the UNITED STATES SECURITIES ACT of 1933, as
amended, and section 21e of the UNITED STATES SECURITIES and EXCHANGE ACT of
1934 , as amended, with respect to achieving corporate objectives, developing
additional project interests , Xinhua China's analysis of opportunities in the
acquisition and development of various project interests and certain other
matters.

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newscom. 31, 2004.

The Fonix Speech Group reduced operating expenses by 40
percent.

Fonix Corp. BEIJING, Xinhua China , Ltd. We are
uniquely able to ensure that the items this agreement covers are made
available to the maximum number of Chinese consumers.

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She notes that Cook Children's
routinely deals with patients and their families speaking Vietnamese, Chinese,
Mandarin, Arabic, French and Farsi, in addition to Spanish. Operating expenses were $22,106,000,
of which $13,051,000 was cash used in operating activities.70 per common share) in 2003. Murdock, Fonix chairman and CEO. and its two wholly owned
operating subsidiaries, LecStar Telecom Inc. Beijing
Boheng will pay Reader's Digest Far East royalties on all copies sold in
China.
"We believe this agreement is an important first step for Xinhua China in
its goal to license works in cooperation with major publishers."
"Beijing Boheng has the extensive experience to arrange the production
while navigating the complexities of Chinese government regulations covering
approval of books and other materials for publication.,
Ltd .

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Six million immigrants have
arrived since 2000 and, if that continues, more than 14 million will arrive by
the end of this decade.com.

Fonix's telecom subsidiary entered into and completed
installation and testing of a new Broadband over Power Lines
(BPL) service with Duke Power to provide customers with
high-speed Internet and voice services over existing power
lines in their homes or businesses.

About Fonix

Fonix Corp. is an innovative communications and technology company
that provides integrated telecommunications services and value -added
speech technologies through Fonix Telecom Inc. "Reader's Digest
publications are known throughout the world for their quality and universal
appeal.

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(OTCBB: FNIX), an integrated communications carrier providing
telecommunications services and value-added speech technologies, today
released financial results for the year ended Dec.
Pro forma net loss was $16,648,000 ($0.
A small advance is due to be paid to Reader's Digest prior to publishing
each volume. The cover and copyright page of each
volume will indicate the Reader's Digest name, the agreement specifies. We are
extremely pleased that Reader's Digest Far East is our first partner in this
endeavor," said Mr.
These are marketed through an increasing range of channels, including direct
mail, display marketing, direct response television, catalogs, retail and the
Internet.

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Today's Cook
Children's provides more than 30 pediatric specialties and services, including
nationally-known services in neonatology, hematology /oncology, cardiology and
cardiovascular surgery and pulmonology.
"The addition of the telecommunications operations to our company
has enabled us to create a diverse, steadily growing revenue base,
even as we continue to pursue high-growth opportunities via our speech
technologies," said Thomas A. 31 , 2004
------------- ------------- -------------

Revenues $14,902,000 $2,384,000 $18,006,000
Impairment loss on
capitalized software
technology - (822,000) -
Cost of revenues (6,169,000) (207,000) (7,690,000)
------------- ------ ------- -------------

Gross profit 8,733,000 1,355,000 10,316,000

Expenses:
Selling, general and
administrative 13,356,000 7,004,000 14 ,561,000
Impairment loss on
intangible assets 738,000 302,000 738,000
Amortization of intangible
assets 5,453,000 - 7,232,000
Product development and
research 2,559,000 5,141,000 2,559,000
------------- ------------- -------------

Total expenses 22,106,000 12,447,000 25,090,000

Total other income (expense) (1,775,000 ) (2,451,000) (1,874,000)

Net loss (15,148,000) (13,543,000) (16,648 ,000)
Preferred stock dividends (3,927,000) - (4,093,000)
------------- ------------- -------------

Loss attributable to common
stockholders (19,075,000) (13,543,000) (20,741,000)

Basic and diluted net loss
per common share $(0. These statements are made under the "safe harbor" provisions of the
United States private securities litigation reform act of 1995 and involve
risks and uncertainties, which could cause actual results to differ materially
from those in the forward-looking statements contained herein.

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Twice the National Average

DALLAS, In Texas today, an average of about one in
four people speak a language other than English at home, in contrast to one
out of eight nationally. "With hospital
representatives from premier facilities across the country attending ," said
company CEO Michael Greenbaum, "this shows how important this issue has
become.cyracom . 31, 2003 Dec.21) $(0. Further, through our
subsidiary, Xinhua Publications Circulation and Distribution Co. It is sold in more than 60 countries. The company
also reaches millions of readers through its special-interest magazines;
books, including the popular Select Editions series and offerings in the
do-it-yourself, cooking, health, gardening and children's titles; music from
Beethoven to Ella Fitzgerald to today's pop divas; and videos and audio books.

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"

2004 Company Highlights:

Fonix acquired LTEL Holdings Corp.

Fonix reduced payroll liability by $5,308,000 (from $6,964,000
at Dec.0, the most intuitive,
user-friendly speech interface software solution for Pocket PC
Phone Edition and Smartphone devices.

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The company provides language services in more than 150 languages. 31, 2004. and Fonix Telecom Inc.
During 2004, we significantly reduced and streamlined operations in
the speech group to more effectively match operating expenses to our
expected revenue growth. 31, 2003 to $1,656,000 at Dec. There are terms for renewal should both parties
wish. We look forward to a
long and productive association with The Reader's Digest organization," he
concluded. For more information, please visit its website at
http://www.

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For more information, call
770-645-4545 or visit http://www. "Our
2004 results reflect the soundness of this business strategy, and we
believe it lays a foundation to expand positive growth trends in 2005.

Xinhua China Subsidiary and Reader's Digest Unit Reach Licensing Agreement for China

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Xinhua China also interfaces with the
worldwide financial communities to inform them of the combined companies '
goals and developments.

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com/cgi-bin/prnh/20050609/CLTH081 )
"This means that today's answers to deal with patients in our state's
hospitals, probably aren't tomorrow's," said Margie Dorman-O 'Donnell, director
of case management for Cook Children's Health Care System, speaking at a
national conference held in Dallas today. The company's language
specialists are trained in medical-specific terminology and concepts, enabling
CyraCom to better meet the needs of health care professionals in over 700
health care facilities it serves nationwide.50 per common share) in 2003.

Statements released by Fonix that are not purely historical are
forward looking within the meaning of the "Safe Harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including
statements regarding the company's expectations, hopes, intentions and
strategies for the future.50) $(0. 31, 2004 Dec., Ltd. The agreement grants Beijing Boheng an
exclusive license for the publication in simplified Chinese characters,
marketing and sale of "Bilingual Series volumes one through five " in the
People's Republic of China. Since 1922, The Reader's Digest Association, Inc. Xinhua China is involved in forming strategy, operating
and financing for Xinhua C + D.

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In fiscal year 2004, Cook Children's Medical Center provided more
than $150 million in uncompensated care, which includes charity , Medicaid
shortfalls and non-payments.
Telecommunications operations included in the financial report are
for the 10-month period beginning with the acquisition of LecStar
Telecom Inc.

Consolidated Statement of Operations

Pro Forma
Year Ended Year Ended
Dec. 31, 2004 Dec. The amount of the royalty was not announced , however, Beijing Boheng
did report that the original royalty on the first edition would rise slightly
for any additional editions., we
hold a national license for the distribution of books and other publications
in China.

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About CyraCom International
CyraCom pioneered the development of "transparent" over-the-phone
interpretation services, and specializes in serving the health care industry
in which precision and cultural accuracy are vital to effective communication.

The Fonix Speech Group offered Fonix DECtalk(R) text-to-speech
(TTS) technology to manufacturers of electronic dictionaries
and translation devices designed to teach English as a second
language.
Ubisoft, an international publisher of interactive
entertainment products, released Tom Clancy's Ghost Recon(TM)
2, which is the first PlayStation(R)2 game to feature Fonix
VoiceIn. Risk factors include general economic,
competitive , governmental and technological factors as discussed in
the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. is a US publicly traded holding company that, through
one of its subsidiaries , Xinhua Publications Circulation + Distribution Co., holds a national license for distribution of books and other
publications in China.

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, a privately held company based in
Brooklyn, N., has executed a two-year licensing agreement
with Hong Kong-based Reader's Digest Association Far East Limited, a unit of
Reader's Digest Association, Inc.
Under the agreement, Beijing Boheng assumes responsibility for the
translation and distribution of the covered works while cooperating with
Chinese publishers as approved by Reader's Digest and in order to be in
compliance with Chinese law., Ltd .

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Texas Hospitals Face Special Challenges

For information about Cook Children's pediatric
care , community services or opportunities for charitable giving, call
682-885-4242. 31, 2004, was $18 ,006,000
compared to $18,243,000 for the 12-month period ended Dec.18 per common share) compared
to $22,323,000 ($0. Dudley, Fonix
executive VP and CFO. Royalties are to be settled based upon six months intervals.

About Reader's Digest Association Far East
Reader's Digest Association Far East is a subsidiary of Reader's Digest
Association, Inc.xinhuachina.

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Dorman-O'Donnell also noted that Cook Children's uses a combination of its
own interpreters, special signage, orientation materials in patient rooms,
staff education and outside services to meet the increased patient and
caregiver needs.
More than 34 million people in the United States were born in another
country , according to a 2004 census report.21 per common share) in 2004 compared to a net
loss of $13,543 ,000 ($0.

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31, 2004
compared to $2,384,000 in 2003.
Consolidated pro forma Fonix revenue, including LecStar revenue as
if for the entire calendar year ended Dec. The Fonix Speech Group continues to create
value and offer new speech solutions in videogames, mobile and
wireless devices and embedded speech interfaces on semiconductor
chips.Y.

Through its telecom subsidiary, Fonix Telecom Inc. VoiceDial is available
in multiple languages including English, German, French and
Spanish. The combination of interactive speech technology and integrated
telecommunications services allows Fonix to provide customers with
comprehensive cost-effective solutions to enhance and expand their
communications needs. The agreement will be effective when Beijing Boheng makes its first non-
returnable but fully recoupable advance payment of $4,270 (after-tax) within
30 days of the contract signing. has grown
to become one of the world's preeminent publishers and direct marketers.

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Fonix revenues were $14,902,000 for the year ended Dec. Net loss
was $15,148,000 ( $0., an Atlanta-based
competitive local exchange carrier, and its sister company,
LecStar Datanet Inc.

Fonix signed a definitive agreement to acquire Empire One
Telecommunications Inc.

The Fonix Speech Group continues to penetrate the videogame
development market with its award-winning Fonix VoiceIn speech
interface for Xbox(R), PlayStation (R)2, PC and Mac videogames.

The Fonix Speech Group released an upgraded version of its
award-winning Fonix VoiceDial(TM) 2. The company's
actual results could differ materially from those in such
forward-looking statements. Xianping Wang, Xinhua China president.

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