Voip-Pal.Com Inc. Begins Process to Become Fully Reporting
BELLEVUE, Wash., May 29, 2012 /PRNewswire/ -- Voip-Pal.Com Inc. ("Voip-Pal" or "the Company") (OTC Pink sheets: VPLM) is proud to announce its intent to become fully reporting with the SEC. The Company has retained an SEC approved outside audit firm, RBSM LLP (Member of Russell Bedford International), and commenced the requisite historical audit. Voip-Pal's staff will be diligently assisting the auditors and legal counsel by providing any requested materials and documents.
Upon completion of the audit, Voip-Pal intends to move expeditiously to file a registration statement on Form 10 with the SEC and become a fully reporting company. Once reporting status is achieved, Voip-Pal.Com will seek to have its shares quoted on the OTC Bulletin Board.
"Taking the steps to become a fully reporting company is expected to lead to a significant upgrade from our Current Information status on the OTC Pinks," states Dennis Chang, President of Voip-Pal.Com Inc. "As we aggressively expand our commercial operations, we want to improve our creditability and transparency to our current and future shareholders. This new level of transparency should enable shareholders to closely follow Voip-Pal's future revenue and growth projections."
The Company is currently integrating several important VoIP patented technologies into its operation as a result of its recent acquisition of Digifonica International Limited (Gibraltar). Mr. Chang adds, "We believe that the addition of Digifonica Gibraltar's patent portfolio will greatly enhance shareholder value and will contribute to significant revenue growth for Voip-Pal.Com."
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. Voip-Pal.Com, through its wholly owned subsidiary "Digifonica (International) Limited Gibraltar", is 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 addition of Digifonica Gibraltar's patent portfolio greatly enhances shareholder value and will contribute to significant revenue growth for Voip-Pal.Com.
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.