HOLMDEL, N.J., April 18, 2012 /PRNewswire/ -- Highlighting the company's progress in mobile services and international long distance calling, Vonage Holdings Corp. (NYSE: VG) today announced key milestones for its Vonage Mobile® and Extensions™ products. Launched in February 2012, the Vonage Mobile app has surpassed one million downloads. The app, available for iPhone® and Android™, lets users make free calls and send free texts over Wi-Fi, 3G and 4G between app users around the world (1). For calling those who do not yet have the app, Vonage Mobile provides ultra-low cost international calling with rates that are on average 70% less than major mobile carriers and 30% less than Skype™ (2).
The company also announced that more than 500,000 customers have signed up for the Vonage Extensions product. Extensions broadens the benefits of the company's service beyond the walls of the home to any other phone, including mobile, for no additional cost. (3)
"With Vonage Extensions and Vonage Mobile, we are demonstrating tangible progress in executing against our mobile strategy," said Marc Lefar, Vonage Chief Executive Officer. "More than 15% of Vonage's international calling minutes now originate from mobile devices. This has grown from a base that was negligible just nine months ago before these two mobile products were introduced. In the coming months, we expect to continue to add new capabilities to Vonage Mobile, and expand our products to meet customers' mobile communication needs."
Vonage is continually improving the Vonage Mobile app to enhance ease of use and performance, and plans to provide additional features in the coming months, including MMS, Bluetooth™ functionality and a low-cost international roaming capability.
Vonage (NYSE: VG) is a leading provider of communications services connecting individuals through mobile and broadband devices worldwide. Our technology serves approximately 2.4 million subscribers. We provide feature-rich, affordable communication solutions that offer flexibility, portability and ease-of-use. Our Vonage World plan offers unlimited calling to more than 60 countries with popular features like call waiting, call forwarding and visual voicemail — for one low monthly rate. Vonage's service is sold on the web and through regional and national retailers including Wal-Mart, Best Buy, Kmart and Sears, and is available to customers in the U.S. (www.vonage.com), Canada (www.vonage.ca) and the United Kingdom (www.vonage.co.uk).
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage® is a registered trademark of Vonage Marketing LLC., owned by Vonage America Inc.
Safe Harbor Statement
This press release contains forward-looking statements regarding growth strategy and expected product initiatives. In addition, other statements in this press release that are not historical facts or information may be forward-looking statements. 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: the competition the Company faces; the Company's ability to adapt to rapid changes in the market for voice and messaging services; intellectual property and other litigation that have been and may be brought against the Company; failure to protect the Company's trademarks and internally developed software; the Company's ability to obtain or maintain relevant intellectual property licenses; and other factors that are set forth in the "Risk Factors" section and other sections of Vonage's Annual Report on Form 10-K for the year ended December 31, 2011, as well as in the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. While the Company may elect to update forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, and therefore, you should not rely on these forward-looking statements as representing the Company's views subsequent to today.
(1) Data rates may apply.
(2) Based on per-minute rates to the top 50 countries called. Comparison reflects published rates of leading mobile carriers in markets representing the majority of iPhone and Android users.
(3) Extensions calls made from mobiles use airtime and may incur mobile carrier charges.
iPhone and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. Android is a trademark of Google Inc. Wi-Fi is a registered trademark of the Wi-Fi Alliance.