BELLEVUE, Wash.--(BUSINESS WIRE)--Voip-Pal.com Inc. (“Voip-Pal”) (OTC Pink: VPLM) a technical leader in the broadband Voice-over-Internet Protocol (“VoIP”) industry addressed how its Mobile Gateway technology could serve as a solution to the European Union’s desire to bring an end to mobile roaming charges. The plan put forth last week calls for a two year phase out of roaming fees beginning in July of 2014, along with implementing price caps of EU-wide calls at the level of long-distance calls within a country. The proposed changes are part of a broader plan to fix the EU’s fragmented telecoms market and encourage investment in new high-speed networks.
The plan is receiving opposition from such large network owners as Vodafone, Orange and O2 owner Telefonica. They warn that these proposals could cost them billions of dollars in lost revenues by forcing operators to offer a flat rate at home or abroad for calls, texts and internet connections across Europe. Neelie Kroes, EU Commissioner for Digital Affairs called roaming charges a “cash cow” for operators and “a disproportionate irritant for travelers.”
Voip-Pal’s Mobile Gateway is a solution to the growing global problem associated with roaming charges. Mobile Gateway is a sophisticated application that uses a phone’s existing mobile network and leverages local reserved phone numbers from wherever the call originates, allowing the user to make a long distance or international call at the same billing rate as a local call. Mobile Gateway technology also applies to SMS and data.
Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal stated, “Anyone who has travelled to the European Union, Africa, or Asia has experienced the frustration of choosing between very expensive hotel telephone rates or paying exorbitant roaming charges. Neither is a desirable choice. I have paid almost US$1 per minute for roaming charges. While the European Union is attempting to pass legislation to abolish roaming charges in the future, VoIP-Pal currently has the technology to negate roaming charges for all customers. This capability could offer an alternative to the EU Commission for Digital Affairs to alleviate tourists’ complaints.”
The Company also announced that a White Paper has been prepared in order to provide greater understanding of Voip-Pal’s patent portfolio and serve as a guide explaining how Voip-Pal’s technology solves many issues relating to VoIP communications. The White Paper is expected to be posted on voip-pal.com today.
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) 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 acquisition of Digifonica (International) Limited, (“Digifonica”), a wholly owned subsidiary of Voip-Pal. The Company is currently developing, testing, and administrating the patent process to ultimately license or sell the patents upon issuance. The addition of Digifonica has immediately advanced Voip-Pal as a technical leader in the VoIP services market which had revenues of $63 billion in 2012 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
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.
