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VoIP, Inc. Eyes Patent Infringers of ''USPTO-6501837''
ORLANDO, Fla. --(Business Wire)-- VoIP, Inc. (OTCBB:VOIC) announced today it has retained the BALL LAW FIRM, LLP, Los Angeles, CA, and that it intends to protect its patent from being infringed on by some of the nation's leading Fortune 500 companies.
The Patent: #6501837 (Telephone call connection)
The Law Firm: BALL LAW FIRM, LLP, Los Angeles, CA
The Technology: (Click to Call)-(Pay Per Call)
The patents protect innovations that enable "Pay-Per-Call" advertising and "Click to Call" technology, in addition to call connections between two parties initiated via a web browser. In the lawsuit, VoIP, Inc. seeks an injunction that would prevent these companies from further misappropriating VoIP, Inc.'s technology and infringing VoIP, Inc.'s patents. The lawsuit also seeks unspecified monetary damages arising from the companies' unauthorized use of the patented technology and the continued willful infringement of VoIP, Inc.'s patents.
Based on information provided from some of the industry's leading technology experts and the fact that this technology is being implemented at an ultra hyper rate domestically and internationally, Byron T. Ball, attorney at BALL LAW FIRM, LLP, stated, "I believe the current value of the patent could exceed 1.25 billion dollars."
"We have identified over 100 companies that have willfully infringed on our patents. We intend to stop the infringement and defend our technology and the patents behind it. These patents and the business they represent will be utilized to provide the shareholders with the value they deserve and have long awaited," stated CEO Anthony Cataldo. "Citing case studies, in reference to Click to Call, from Fortune 500 companies such as Continental Airlines, the ROI was 50x cost of service. The service showed a 35% lead conversion rate twice that of traditional leads and reduced website abandonment by over 25%."
The research firm Kelsey Group says Pay-Per-Call ad revenue in the U.S. in 2009 will top $4 billion. By comparison, all paid search ad revenue in the U.S. surpassed $4 billion in the first half of this year and is growing at more than a 40% per year clip.
About: VoIP, Inc.
VoIP, Inc. is a leading provider of turnkey Voice over Internet Protocol (VoIP) communications solutions for service providers, resellers and consumers worldwide. The Company is also a certified Competitive Local Exchange Carrier (CLEC) and Inter Exchange Carrier (IXC). Through its wholly owned subsidiary, VoiceOne Communications, LLC, the Company provides a comprehensive portfolio of advanced telecommunications technologies, enhanced services, broadband products, and fulfillment services to the VoIP and related communications industries. Current and targeted customers include IXCs, CLECs, Internet Telephony and Conventional Telephony Service Providers (ISPs and ITSPs), cable operators and other VoIP Service Providers in the United States and countries around the world. The Company enables these customers to expand their product/service offerings by VoIP's nationwide packet network through services such as voice termination/origination, e911 emergency call service for VoIP, CALEA, Broadband Voice, IP Centrex and other advanced communications services and technologies. For information on VoIP, Inc. please visit the Company's web site: www.voipincorporated.com.
Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plans,' 'projects,' and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
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