NEW YORK, Apr 30, 2012 (BUSINESS WIRE) —
Vringo, Inc.
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+8.33%
has regained compliance with the NYSE
Amex continued listing standards.
“We are proud to be listed on the NYSE Amex,” said Andrew Perlman, Chief
Executive Officer and President of Vringo. “We are pleased to have
regained full compliance with its listing standards. Being listed on
NYSE Amex provides an exciting platform for growth, and we and look
forward to working with the exchange as we continue to expand our
company.”
On April 26, 2012, the NYSE Amex notified Vringo that it had resolved
the continued listing deficiency referenced in the NYSE Amex’s letter
dated May 24, 2011, which stated that Vringo was not in compliance with
Section 1003(a)(iv) of the NYSE Amex’s continued listing standards. The
NYSE Amex’s conclusion was based on a review of available information
with respect to Vringo, including its filings with the Securities and
Exchange Commission. Vringo’s continued listing eligibility will be
assessed on an ongoing basis.
About Vringo, Inc.
Vringo
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+8.33%
is a provider of software platforms for mobile
social and video applications. With its award-winning video ringtone
application and other mobile software platforms, including Facetones(TM),
Video Remix and Fan Loyalty, Vringo transforms the basic act of making
and receiving mobile phone calls into a highly visual, social experience.
Vringo recently announced that it had entered into a definitive merger
agreement with Innovate/Protect, Inc.
Vringo’s video ringtone service enables users to create or take video,
images and slideshows from virtually anywhere and turn it into their
visual call signature. In a first for the mobile industry, Vringo has
introduced its patented VringForward technology, which allows users to
share video clips with friends with a simple call. Vringo’s Facetones(TM)
application creates an automated video slideshow using friends’ photos
from social media web sites, which is played each time a user
communicates with a friend using a mobile device. Vringo’s Video ReMix
application, in partnership with music artists and brands, allows users
to create their own music video by tapping on a Smartphone or tablet.
Fan Loyalty is a platform that lets users interact, vote and communicate
with contestants in reality TV series with which Vringo partners, as
well as downloading and setting clips from such shows as video
ringtones. Vringo’s video ringtone application has been heralded by The
New York Times as “the next big thing in ringtones” and USA
Today said it has “to be seen to be believed.” For more information,
visit:
www.vringo.com
and
www.vringoinc.com .
About Innovate/Protect, Inc.
Innovate/Protect, Inc. is an intellectual property firm founded in 2011
whose wholly-owned subsidiary, I/P Engine, Inc. holds eight patents that
were acquired from Lycos, Inc.
Forward-Looking Statements
This press release includes forward-looking statements, which may be
identified by words such as “believes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “should,” “seeks,” “future,”
“continue,” or the negative of such terms, or other comparable
terminology. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are subject to risks
and uncertainties, which could cause actual results to differ materially
from the forward-looking statements contained herein. Factors that could
cause actual results to differ materially include, but are not limited
to: our ability to complete our previously announced proposed merger
with Innovate/Protect, Inc., our ability to raise capital to fund our
operations, the continued listing of our securities on the NYSE Amex,
market acceptance of our products, our ability to protect our
intellectual property rights, competition from other providers and
products and other factors discussed from time to time in our filings
with the Securities and Exchange Commission. Vringo expressly disclaims
any obligation to publicly update any forward-looking statements
contained herein, whether as a result of new information, future events
or otherwise, except as required by law.
SOURCE: Vringo, Inc.
Investors:
Vringo, Inc.
Cliff Weinstein
646-532-6777 (o)
Executive Vice President
cliff@vringo.com
or
Media:
The Hodges Partnership
Caroline L. Platt
804-788-1414 (o)
804-317-9061 (m)
cplatt@hodgespart.com
Copyright Business Wire 2012
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