[December 18, 2014] |
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Voip-Pal.com Provides Shareholder Update
Voip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) is pleased to
provide shareholders and prospective investors with a year-end update
for 2014.
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Voip-Pal's Board of Directors has unanimously passed a resolution to
cancel the first group of recently frozen restricted shares of
Voip-Pal stock. The cancellation requires a legal process, which the
Board has directed the company counsel, Dr. Ryan Thomas, to pursue
immediately. Once the court process is complete, the Company will
instruct its transfer agent to cancel the shares, at which point the
shares will be returned to the treasury. The shares in question
represent about 10% of the current outstanding shares total.
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The Company continues to be aggressively engaged in activities and
discussions aimed at monetizing the patent portfolio. Voip-Pal has
beenapproached by and has had introductions made on their behalf to
major corporations in the VoIP industry. Discussions are progressing
as the Company continues towards its number one objective of being
acquired.
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Voip-Pal is currently consulting with its legal team in order to
evaluate its options with regard to possible infringements on the
Company's proprietary technology.
Voip-Pal's CEO, Emil Malak, stated, "We are confident that our
technology is such that whichever company acquires our patent suite will
hold the keys to controlling VoIP calling. The Board knew that selling
the Company is not something that happens overnight. We have taken all
necessary steps in order to conclude a possible acquisition and continue
to work towards achieving this goal. I believe that the present
depressed share value does not properly reflect the tremendous upside
that Voip-Pal technology and patents will provide the purchaser."
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.
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