Voip-Pal.Com Inc. in Final Negotiations to Make Acquisition of Intellectual Property
BELLEVUE, Wash., April 11, 2012 /PRNewswire via COMTEX/ --
Voip-Pal.Com Inc. ("Voip-Pal") (OTC Pink sheets: VPLM), a leading edge international VoIP telecom company, is pleased to announce that it is in the final stages of negotiations to acquire Intellectual Property (IP) pertaining to both wholesale and retail VoIP applications. This acquisition will greatly enhance shareholder value and contribute to significant revenue growth for Voip-Pal.Com.
The IP pertains to patents which are VoIP related for Mobile applications, gateways, billing and much more. All of the patents are currently in use in the highly profitable VoIP services market which is projected to hit $74.5 billion in 2015.(1)
"As part of our overall strategy to generate increased revenues, Voip-Pal has been looking to acquire significant VoIP proprietary technology," states Dennis Chang, President of Voip-Pal. "By owning this new IP, our company will immediately vault to the forefront of VoIP technology. We are excited to soon begin a totally new revenue stream through the licensing of these landmark patents. A final agreement is subject to customary closing conditions and will be announced upon completion."
About Voip-Pal.Com Inc.
Voip-Pal.Com Inc. is a broadband VoIP telecom company offering local and long distance VoIP services to consumers and business owners. The company also provides VoIP communication and reseller solutions for its partners. Voip-Pal.Com Inc. is the enabler of international calls using VoIP technology on the internet, smart cell phones and PC Tablets. Voip-Pal's goal is to provide a quality, high-speed and cost-effective telephone solution for the casual and business international traveler who must rely on their smartphones, laptops or tablets in order to communicate.
Retail Website: www.pointsphone.com
Corporate Website: www.voip-pal.com
Company Contact: Dennis Chang, CEO: firstname.lastname@example.org
IR inquiries: email@example.com or firstname.lastname@example.org
Stock Quote: www.otcmarkets.com/stock/VPLM/quote
Shares Outstanding: 291,338,360 (As of December 31, 2011)
Float: 249,698,360 (As of December 31, 2011)
Authorized Shares: 500,000,000 (As of December 31, 2011)
All statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE Voip-Pal.Com Inc.
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