Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation,
development, and monetization of mobile technologies and intellectual
property, today announced operating results for the third quarter of
2012 and subsequent events.
"I am very pleased with the accomplishments of the third quarter and
what we have achieved so far in fourth quarter. In the less than five
month period since we closed our merger with Innovate/Protect, we have
strengthened Vringo's balance sheet, acquired multiple marquee patent
portfolios, initiated action against ZTE's UK subsidiary, continued to
develop new technology and intellectual property, and received a jury
verdict in I/P Engine's against Google, AOL and others. I am excited to
continue to build on these accomplishments and expand the company," said
Andrew D. Perlman, Chief Executive Officer of Vringo.
Third Quarter Highlights and Subsequent Events
Conference Call Information
Date: Wednesday, November 14, 2012Time: 5:00 p.m. Eastern (Vringo
recommends dialing in ten minutes in advance)Domestic: (888)
645-4404International: (201) 604-0169Replay (available
shortly after conclusion): (888) 632-8973 or (201) 499-0429Confirmation
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization
of mobile technologies and intellectual property. Vringo's intellectual
property portfolio consists of over 500 patents and patent applications
covering telecom infrastructure, internet search, and mobile
technologies. The patents and patent applications have been developed
internally, and acquired from third parties. Vringo operates a global
platform for the distribution of mobile social applications and services
including Facetones® and Video Ringtones which transform the basic act
of making and receiving mobile phone calls into a highly visual, social
experience. For more information, visit: www.vringoIP.com.
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: the inability to realize the potential value created by the merger
with Innovate/Protect for our stockholders; our inability to raise
additional capital to fund our combined operations and business plan;
our inability to monetize and recoup our investment with respect to
patent assets that we acquire; our inability to maintain the listing of
our securities on the NYSE MKT; the potential lack of market acceptance
of our products; our inability to protect our intellectual property
rights; potential competition from other providers and products; our
inability to license and monetize the patents owned by Innovate/Protect,
including the outcome of the litigation against online search firms and
other companies; our inability to monetize and recoup our investment
with respect to patent assets that we acquire; and other risks and
uncertainties and other factors discussed from time to time in our
filings with the Securities and Exchange Commission ("SEC"), including
our quarterly report on Form 10-Q filed with the SEC on August 14, 2012.
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.
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