Voip-Pal.com Inc. Announces the Successful Completion of the Transfer of Shares with Digifonica
BELLEVUE, Wash.--(BUSINESS WIRE)-- Voip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) is pleased to announce the successful completion of the physical transfer of shares between the Company and Digifonica (International) Limited ("Digifonica"). The share transfer request was initiated following the fulfillment of the Share Purchase Acquisition Agreement announced earlier this month. Successful completion of the transfer of these shares was the final step in the acquisition process. Digifonica is now a wholly owned subsidiary of Voip-Pal.com Inc.
Dennis Chang, CEO of Voip-Pal.com Inc., stated, "We are excited to have officially finalized the acquisition of Digifonica. The physical certificates have changed hands, making Digifonica a fully owned subsidiary of Voip-Pal. We are looking forward to our future together, now as one company united in our mission to improve technology in the rapidly growing VoIP industry."
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. ("Voip-Pal", "Company") is a publicly traded corporation (OTC Pink: VPLM) incorporated in December of 1997 in the State of Nevada and headquartered in Bellevue, Washington. Voip-Pal is a technical leader in the broadband Voice-over-Internet Protocol ("VoIP") market with the ownership and development of a portfolio of leading edge VoIP Patent Applications. Through its retail website, www.PlatinumPhone.com, Voip-Pal is also a provider of local and long-distance VoIP telephone services for next generation devices including smartphones, tablets and cell phones.
Voip-Pal's primary products are VoIP patent application technology acquired through the Company's Share Purchase Agreement to acquire 100% of the outstanding shares of Digifonica (International) Limited, a privately held company registered in Gibraltar ("Digifonica"). The Company is currently developing, testing, and administering the patent process to ultimately license or sell the patents once they have been issued.
The addition of Digifonica has immediately advanced Voip-Pal as a technical leader in the VoIP services market which had revenues of $58 billion in 2011 and is experiencing double digit year-over-year growth. The patent application portfolio has greatly enhanced shareholder value and is expected to contribute to significant future revenue growth for Voip-Pal.com as the number of mobile VoIP subscribers is projected to reach 410 million by 2015.
Corporate Website: www.voip-pal.com
Company Contact: email@example.com
IR inquiries: IR@voip-pal.com
IR Contact: Rich Inza (954) 495-4600
All statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Rich Inza, 954-495-4600
KEYWORDS: United States North America Nevada Virginia
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