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magicJack Announces Dismissal of Class Action Lawsuit(GlobeNewswire Via Acquire Media NewsEdge) WEST PALM BEACH, Fla. and JERUSALEM, Feb. 4, 2014 (GLOBE NEWSWIRE) -- magicJack VocalTec, Ltd (Nasdaq:CALL), a leading cloud-based communications company, today announced that on January 29, 2014, the United States District Court for the Southern District of New York granted the Company's motion to dismiss Turner v. magicJack VocalTec Ltd. et al, the securities class action lawsuit brought against the Company and certain current and former officers. The Court dismissed all claims asserted in the case. About the magicJack Service Millions of consumers have replaced traditional landlines with magicJack, saving hundreds of dollars per year depending on the current provider. The magicJack service allows users to keep their existing phone number and utilize a home or office Internet connection, with or without a computer. The magicJack PLUS device costs $49.99 and includes six months of phone service with additional service billed at $2.50/month for one year or $1.66/month for 5-year plans. The low monthly price includes unlimited local and long distance calls to the U.S. and Canada, unlimited international calls to the U.S., unlimited magicJack-to-magicJack calls worldwide, free Wi-Fi calls with the magicJack app, free voicemail, caller ID, directory assistance, call waiting – all with no contracts. About magicJack VocalTec Ltd. magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of the magicJack and the industry's original VoIP (voice over IP) service in 2007, is a leading cloud communications company. With its easy-to-use, low cost solution to telecommunications, the Company has sold more than 10 million award-winning magicJack devices, now in its third generation, and has the use of more than 30 technology patents. It is the largest-reaching CLEC (Competitive Local Exchange Carrier) in the United States in terms of area codes available and certification in number of states. CONTACT: MEDIA CONTACTS: Leasa Ireland/Brad Shewmake LPI Communications for magicJack 310.750.7082 or 858.735.8748 [email protected] INVESTOR RELATIONS CONTACT: Seth Potter 561-749-2255 [email protected] Source: magicJack VocalTec Ltd. 2014 GlobeNewswire, Inc. |