BELLEVUE, Wash.--(BUSINESS WIRE)--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.
- 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.
- The Company continues to be aggressively engaged in activities and discussions aimed at monetizing the patent portfolio. Voip-Pal has been approached 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.
- 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.