VoIP-Pal Chairman and CEO Issues a Letter to Shareholders Outlining the Company’s Current Legal Strategy

Rhea-AI Summary

VoIP-Pal.com Inc. (OTCQB: VPLM) has announced that Chairman and CEO Emil Malak has issued a shareholder letter outlining the company's current legal strategy. The letter, available on the company's website, provides an update on ongoing litigation efforts, focusing on:

1. Enforcing VoIP-Pal's patented technologies
2. Pursuing an antitrust legal strategy to address broader market misconduct

Mr. Malak stated that the company has identified several potential antitrust concerns across multiple areas of conduct by the defendants, which they believe strengthens their case. He encouraged shareholders to read the full letter for a deeper understanding of the legal strategy and progress being made.

Positive

• Identification of potential antitrust concerns, potentially strengthening the company's legal position
• Ongoing efforts to enforce patented technologies, which could lead to monetization

Negative

• Continued reliance on legal strategies for potential revenue generation, indicating lack of operational income

WACO, Texas, Oct. 16, 2024 (GLOBE NEWSWIRE) -- VoIP-Pal.com Inc. (“VoIP-Pal” or the “Company”) (OTCQB: VPLM), announced that Chairman and CEO Emil Malak has issued a letter to shareholders detailing the company’s current legal strategy. In the letter, Mr. Malak provides an update on ongoing litigation efforts, including the company’s focus on enforcing its patented technologies and pursuing an antitrust legal strategy aimed at addressing broader market misconduct. The letter is available on the company’s website, www.voip-palusa.com.

Emil Malak, CEO of VoIP-Pal, stated, “We have identified several potential antitrust concerns across multiple areas of conduct by the defendants, which we believe strengthens our case. These developments contribute positively to VoIP-Pal’s position. I encourage all shareholders to read the full letter for a deeper understanding of our legal strategy and to stay informed about the progress we are making. With the recent focus on antitrust violations, we are encouraged by the progress being made, and we remain committed to pursuing the best path forward. Patience is a virtue.”

About VoIP-Pal.com Inc.
VoIP-Pal.com, Inc. (“VoIP-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Waco, TX. The company owns a portfolio of patents related to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize.

Forward-Looking Statements
Any forecast of future financial performance is a “forward-looking statement” under securities laws. Such statements are included to allow potential investors to understand management’s beliefs and opinions with respect to the future, but patent litigation involves various risks and uncertainties that could affect the company’s ability to monetize its patents. It is impossible to predict specific outcomes of litigation.

Corporate Website: www.voip-pal.com
IR inquiries: IR@voip-pal.com
IR Contact: Rich Inza (954) 495-4600

FAQ

What is VoIP-Pal's current legal strategy as outlined in the shareholder letter?

VoIP-Pal's current legal strategy focuses on enforcing its patented technologies and pursuing an antitrust legal approach to address broader market misconduct by defendants.

How does VoIP-Pal (VPLM) plan to monetize its patent portfolio?

VoIP-Pal is looking to monetize its portfolio of patents related to Voice-over-Internet Protocol (VoIP) technology through ongoing litigation efforts and enforcement of its patented technologies.

What potential benefits does VoIP-Pal (VPLM) see in its antitrust legal strategy?

VoIP-Pal believes that identifying potential antitrust concerns across multiple areas of conduct by the defendants strengthens their case and contributes positively to the company's position.