Voip-Pal.Com Inc. Acquires Five Major VoIP Patents Through Acquisition of Digifonica (International) Limited Gibraltar
BELLEVUE, Wash., May 11, 2012 /PRNewswire/ -- Voip-Pal.Com Inc. ("Voip-Pal.Com") (OTC Pink sheets: VPLM), a leading edge international VoIP telecom company, is pleased to announce that it has completed the acquisition of Digifonica (International) Limited Gibraltar ("Digifonica Gibraltar"), owners of a vast and varied VoIP patent portfolio containing revolutionary proprietary digital voice technologies. Digifonica Gibraltar is now a wholly owned subsidiary of Voip-Pal.Com.
The acquisition immediately advances Voip-Pal.Com as a technical leader in the VoIP services market which had revenues of $58 Billion in 2011 and is experiencing double digit year-over-year growth. The patent portfolio will greatly enhance shareholder value and immediately contribute to significant revenue growth for Voip-Pal.Com as the number of mobile VoIP subscribers is projected to reach 410 million by 2015.
By completing this transaction, Voip-Pal.Com has acquired 100% ownership of a completely unique set of network based technologies and processes that will enhance subscriber and carrier functionality resulting in a substantial increase of average revenue per user. The technologies are predominantly software based, and capable of scaling over multiple network servers, in multiple countries worldwide, creating virtual network coverage that can span the entire globe, or a single neighborhood – at the need and budget of the carrier. Further, the patent portfolio provides solutions that will enable clients to meet or exceed forthcoming regulatory and legal requirements.
"Revenues from this newly acquired patent portfolio will be derived from applying the technology to our own operations, future royalties through licensing agreements, and a white label program," states Dennis Chang, President of Voip-Pal.Com. "A conservative estimate shows that potential royalty income alone from the Digifonica Gibraltar patents may exceed $200 million per year for Voip-Pal. Full descriptions, advantages and revenue estimates for each newly acquired patent will be released as they are individually integrated into Voip-Pal.Com's Cloud Server."
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.
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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