Voip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) announced
today they have renewed initiatives geared towards securing
non-exclusive licensing agreements for its proprietary patent suite of
VoIP related intellectual property. Management has begun the process of
notifying targeted companies of highly probable and perceived past,
present and potential future patent infringement. Each of the targeted
companies will receive written notification from Voip-Pal attorneys and
given an opportunity to negotiate a non-exclusive licensing agreement.
Failure to secure proper licensing of Voip-Pal’s technology will result
in legal action initiated by Voip-Pal in order to fully protect the
integrity of its intellectual property and the best interests of its
shareholders. Management is hopeful that companies receiving these
notifications will give Voip-Pal’s intellectual property the same level
of respect and consideration as they demand for their own.
The Company has identified four telecommunications sectors in which they
consider their patented technology has been and is currently being
utilized, Cell Phone Operators, Internet Providers, Hardware Vendors,
and Social Network Providers. Voip-Pal management strongly believes its
patents are foundational to the future of VoIP and will play a key role
in the expansion of Internet telecommunications.
The Board of Directors has spent much of the past year developing a
business plan for monetization of its patents while simultaneously
discussing the prospects of being acquired directly with potential
interested suitors. Pursuing non-exclusive licensing agreements is a
concurrent effort in which Voip-Pal is engaged, along with their ongoing
activities to realize the main objective of selling the Company.
Voip-Pal remains in discussions with potential buyers and hopes to
provide its shareholders an acceptable acquisition offer in the near
future. Management feels Voip-Pal’s value would be significantly
enhanced by securing non-exclusive licensing agreements with companies
in the aforementioned sectors.
The Company is also assisting Southbank Capital in their efforts to
present Voip-Pal for sale to their existing relationships. Southbank has
provided Voip-Pal with excellent exposure to key international groups
that have expressed interest in acquiring the Company and its patented
technology. Southbank’s progress thus far is very encouraging. The
Company hopes to provide shareholders with a report of this progress in
the near future.
Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal stated, “While we have
been persistent in these efforts for some time, we are more aggressively
pursuing all options to create the greatest value for our shareholders
in a timely manner. These efforts should produce a desirable outcome
soon.”
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. www.voip-pal.com
Copyright Business Wire 2014