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Voip-Pal.com Inc. Announces Renewal of Lock-Up Agreement with its Largest ShareholderVoip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) announced today that it has renewed its voluntary Lock-Up Agreement with its largest shareholder, Digifonica Intellectual Properties (DIP) Limited, of which Emil Malak is the Chairman. DIP owns approximately 360 million restricted Rule 144 shares. The shares were acquired by DIP upon completion of Voip-Pal's acquisition of Digifonica International (DIL) Limited; a company co-founded by Mr. Malak. Although the shares are eligible to become free trading under Rule 144, they have never been presented for legend removal and have remained restricted since their acquisition. Renewal of the Lock-Up Agreement extends the self-imposed sell restriction originally put into place one year ago. The voluntary lock-up agreement restricts the sale of those shares until the successful monetization of Voip-Pal's technology. Mr. Malak also serves as Director and CEO of Voip-Pal. Mr. Malak stated, "Our patented technology is the result of 12 years of development since we first founded Digifonica International in 2003 with a handful of engineers and a vision to change the way people communicate over the internet. Success often takes much time and perseverance. We believe we have deveoped the right product and are now very close to reaping the benefits." Founded in 2003, Digifonica International (DIL) Limited, has spent over $18 million on the development of its technology. They controlled nodes in Canada, London and Denmark used to prove the validity of their concept which was later patented. By 2005, DIL employed over 25 software and hardware engineers and programmers to design the technology and assemble its portfolio of VoIP patents. Presently that technology is applied each time a mobile device initiates a VoIP communication. Mr. Malak continued, "As we work towards our objective of selling the Company we are committed to obtaining the greatest possible value for each of our shareholders. We believe the current price per share is not at all reflective of the actual value of Voip-Pal's patented technology and the revenues and earnings our patents can produce. Selling stock at this level or at any level prior to monetizing our patents has never been a consideration for me." Our shareholders can be confident that the Lock-Up Agreement will remain in place until the successful sale of Voip-Pal's patented technology. 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
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