Voip-Pal.Com Inc. Prepares to Diversify Revenue Stream with Patent Portfolio Licensing
BELLEVUE, Wash., July 11, 2012 /PRNewswire/ -- Voip-Pal.Com Inc. ("Voip-Pal") (OTC Pink sheets: VPLM) is pleased to announce that in response to inquiries made by VoIP industry companies, it is preparing to license several of the revolutionary proprietary digital voice technologies contained in the patent portfolio recently acquired from Digifonica International (Gibraltar) Limited. The VoIP industry has identified five specific patents which contain competitive and licensable technologies:
- Rating-Billing-Routing engine (RBR): (Producing routing messages for VoIP communications);
- Lawful Intercept (Intercepting VoIP communications and other data communications);
- Enhanced 911 ("Emergency Assistance calling for VoIP communications);
- Mobile Gateway;
- Uninterrupted Transmission of Internet Protocol Transmissions during Endpoint Changes.
Voip-Pal is currently beta testing these technologies with several major VoIP industry providers in order to establish a monetary value for each patent.
The licensing of these patents can create a highly profitable additional revenue stream for Voip-Pal.Com. Dennis Chang, President of Voip-Pal.Com, states: "I am pleasantly surprised at the level of interest shown by major players in the VoIP industry with respect to the patents held by our wholly owned subsidiary, Digifonica International (Gibraltar) Limited. As the company finalizes integration of this technology with our retail site, www.pointsphone.com, Voip-Pal.Com anticipates to be well positioned to not only rapidly gain market share in the VoIP mobile phone market but in a position to earn tens of millions of dollars per year in licensing fees. This diversification of the revenue stream should be a substantial bonus to our shareholders."
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 is expected to contribute significant revenue growth for Voip-Pal.Com.
About PointsPhone Mobile™:
PointsPhone Mobile™ is a VoIP application (App) that allows economical international calls on iPhone and Android phones. Package prices begin as low as $10.00. By using Virtual Numbers or DID numbers, you can choose local assigned numbers that allows others to call you back without roaming and for you to make and/or receive calls virtually anywhere in the world without incurring roaming charges. North American users can purchase the Platinum Suite package which bundles substantial airtime minutes with a one year subscription to the PointsPhoneGuard™, a state-of-the art antivirus program for mobile phones and tablets.
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.