BELLEVUE, Wash., Oct. 7, 2011 /PRNewswire/ -- Voip-Pal.Com Inc. ("Voip-Pal") (OTC Pink sheets: VPLM) is pleased to announce that it will begin developing a potentially lucrative sales channel to India to help strengthen the global positioning of Voip-Pal's services and products.
On August 14, 2008, Voip-Pal originally announced its Joint Venture Licensing Agreement with two website domains www.RupeeChat.com and www.RupeePhone.com. The development of these sites was put on hold by Voip-Pal until its VoIP software was fully developed and tested. RupeeChat.com and RupeePhone.com are licensed by Voip-Pal to host its technology on its websites and will operate as an Indian version of PointsPhone.com. Today, with Voip-Pal's current cloud server, softswitch platform and implementing the latest smartphone mobile apps available, Voip-Pal is ready to finish the development of these new sales channels to India.
"India's market potential is huge," states Dennis Chang, President of Voip-Pal. "India is the second largest English speaking country in the world with a potential of almost a billion buyers. Travelers and Expatriates from India who need to communicate with friends, family and business in India will be our target market. Development has started with our Indian partners to build a social network site as well as a VoIP calling site to target this market. Although this is a niche market, it represents tremendous revenue potential through a new sales channel for Voip-Pal. Through RupeeChat and RupeePhone, we will have an exclusive Indian social and chat network for east and west communication that will rely on Voip-Pal's products and services, thus increasing our revenue potential."
Prior to 2002, VoIP use in India was banned in any form, but in April 2002, India finally allowed VoIP in a limited manner. In late 2008, after years of crack down on VoIP and internet telephony, India's telecom regulators began the process of allowing unrestricted internet telephony and VoIP. Many vendors such as Voip-Pal now see India as an untapped market and potentially huge for its VoIP solutions. There are an estimated 20 to 25 million Indian immigrants recorded worldwide of which 15% live in North America alone. Indian immigrants generally stay in touch with contacts in their homeland India, and it is this niche market that Voip-Pal will be targeting.
About RupeeChat and RupeePhone
RupeeChat and RupeePhone are domain names licensed to Voip-Pal on an exclusive basis to market international VoIP telephone and cyber communications between traveling Indians and Expatriates to businesses, family and friends living in India.
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 offers turnkey VoIP communication and reseller solutions for its partners. Voip-Pal.Com Inc. is also a provider 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.
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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.