Voip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) released a
statement from their legal counsel, Dr. Ryan Thomas, stating,
“Stockholders of VoIP-Pal, Inc. may have recently been approached
directly or indirectly by plaintiff class action securities lawyers or
law firms, who are trying to solicit members to file a class action
lawsuit based upon 'an investigation of the directors' of Voip-Pal, in
conjunction with the engagement of Southbank Capital to assist in
selling the Company. Interestingly, on the same day Dunnam & Dunnam
issued a notice soliciting Voip-Pal shareholders, they also issued
similar notices soliciting stockholders of several other firms. Voip-Pal
and its Board of Directors have vehemently denounced these unfounded
insinuations made by Dunnam & Dunnam and consider them to be unethical
scare tactics which can prove to be hurtful to innocent investors.”
The non-exclusive agreement entered into with Southbank Capital provides
the Company with a potentially rewarding outcome and beneficial
opportunity, and was constructed with the very best interests of
Voip-Pal shareholders in mind. Any merger or acquisition proposal for
Voip-Pal would first be carefully considered by the Board of Directors,
and then placed before the stockholders for a vote.
Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal stated, "While the
directors are aggressively pursuing multiple opportunities on behalf of
shareholders, the directors have taken no action and will not take
action to sell the Company without shareholder involvement.”
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.
Copyright Business Wire 2014