Voip-Pal.com Inc. (“Voip-Pal”, "Company”) (OTC Pink: VPLM) is pleased to
provide an update to its Shareholders on the Company’s accomplishments
over the past year. It has been one year since Voip-Pal expanded its
management team with the additions of Dr. Thomas E. Sawyer, Dr. Colin
Tucker and Professor Edwin Candy. Since that time the Company has
experienced very significant growth and has realized several major
milestones.
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The most notable of the achieved milestones is the completion of the
patent portfolio with the issuance of four additional patents bringing
the total number of issued patents to five. A sixth patent has been
allowed and is awaiting issue. Additionally, there are other
continuation patents currently in process.
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The Company has eliminated over $1 million in debt and is now debt
free. The debt was incurred largely for the development of the patent
suite.
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One year ago the company was the plaintiff in a lawsuit and defendant
in a countersuit with the same party. That lawsuit has since been
settled. Voip-Pal is no longer a party to any lawsuits.
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The price per share of Voip-Pal stock has increased over 80% in the
past 12 months. Last year on May 17, 2013 the closing PPS was under
$.08 compared to the most recent close on May 19, 2014 of $.145.
Earlier this year the PPS had hit an intraday high of $.31.
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The Company continues to be engaged in activities and discussions
aimed at monetizing the patent portfolio. The Board of Directors is
confident that this objective will be met. None of the current board
members intend to sell any of their personal shares of Voip-Pal stock
until that goal has been achieved.
Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal stated, “While
accomplishments of the past year have been substantial, the best is yet
to come. Despite the eighty percent increase in share price, today’s
price does not reflect a true asset value of the patented technology.
The current interest being demonstrated by various entities confirms and
validates this conclusion. The Board appreciates the confidence and
loyalty of its shareholders.”
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation (OTC
Pink: VPLM)
headquartered in Bellevue, Washington. The Company owns a portfolio of
patents relating to Voice-over-Internet Protocol (“VoIP”) technology
that it is currently looking to monetize.
Corporate Website: www.voip-pal.com
Copyright Business Wire 2014