Vonage Vindicated on Four of Seven Patents

    HOLMDEL, N.J., March 8 /PRNewswire-FirstCall/ -- We are delighted that
 the jury rejected Verizon's meritless claim that we infringed their two
 billing patents. Of the seven patents Verizon originally sued on, they
 prevailed on only three and we expect that verdict to be reversed on
 appeal. The jury's damage award represents a 70% reduction from Verizon's
 $197MM claim. The jury also unanimously rejected Verizon's claim that
 Vonage willfully infringed its patents.
     In addition, we don't believe there is any basis to support Verizon's
 request for an injunction and we will have the opportunity to present our
 position to the trial court shortly. If the trial court does impose an
 injunction, we will seek an immediate stay from the Federal Court of
 Appeals. Vonage's customers should see no change to any aspect of their
 phone service.
     About Vonage
     Vonage ( VG) is a leading provider of broadband telephone services
 with over 2.2 million subscriber lines. Our award-winning technology
 enables anyone to make and receive phone calls with a touch tone telephone
 almost anywhere a broadband Internet connection is available. We offer
 feature-rich and cost-effective communication services that offer users an
 experience similar to traditional telephone services.
     Our Residential Premium Unlimited and Small Business Unlimited calling
 plans offer consumers unlimited local and long distance calling, and
 popular features like call waiting, call forwarding and voicemail -- for
 one low, flat monthly rate. Vonage's service is sold on the web and through
 national retailers including Best Buy, Circuit City, Wal-Mart Stores Inc.
 and Target and is available to customers in the U.S., Canada and the United
 Kingdom. For more information about Vonage's products and services, please
 visit http://www.vonage.com .
     Vonage Holdings Corp. is headquartered in Holmdel, New Jersey.
 Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary
 of Vonage Holdings Corp.
     Vg-a
     Safe Harbor Statement
     This press release contains forward-looking statements or statements
 that are not historical facts. The forward-looking statements in this
 release are based on information available at the time the statements are
 made and/or management's belief as of that time with respect to future
 events and involve risks and uncertainties that could cause actual results
 and outcomes to be materially different. Important factors that could cause
 such differences include, but are not limited to, our history of net
 operating losses and our need for cash to finance our growth; the
 competition we face; our dependence on our customers' existing broadband
 connections; differences between our service and traditional phone
 services, including our 911 service; uncertainties relating to regulation
 of VoIP services; system disruptions or flaws in our technology; our
 ability to manage our growth; the risk that VoIP does not gain broader
 acceptance; and other factors described in the "Risk Factors" section of
 our registration statement on Form S-1, as amended (File No. 333-136773),
 and in our subsequent periodic reports filed with the SEC. While we may
 elect to update forward-looking statements at some point in the future, we
 specifically disclaim any obligation to do so, and therefore, you should
 not rely on these forward-looking statements as representing our views as
 of any date subsequent to today.
 
 

SOURCE Vonage