VoIP-Pal Provides an Update on the Status of its Cases in the Northern District of California

Rhea-AI Summary

VoIP-Pal.com Inc. (OTCQB: VPLM) announced on March 2, 2021, that the U.S. District Court for the Northern District of California ordered parties to discuss alternative dispute resolution options. A joint statement is due by March 8, 2021. The company seeks to maintain a stay on Texas cases pending this resolution. Additionally, VoIP-Pal is exploring international monetization of its patents, owning rights in countries with a combined population of about 2.6 billion. CEO Emil Malak emphasized the importance of this patent portfolio for shareholders' benefit.

Positive

• VoIP-Pal is evaluating options for monetizing a significant international patent portfolio, enhancing potential revenue streams.
• The company holds patents in populous countries, which may increase demand and market opportunities.

Negative

• Ongoing litigation involves risks and uncertainties that may hinder effective monetization of patents.
• The requirement for alternative dispute resolution may delay legal progress and impact business operations.

The Company is also exploring its options for international monetization of its patents

VANCOUVER, British Columbia, March 02, 2021 (GLOBE NEWSWIRE) -- VoIP-Pal.com Inc. (“VoIP-Pal”, “Company”) (OTCQB: VPLM) reports that on Friday, February 26, 2021, the U.S. District Court for the Northern District of California issued an Order requiring the parties to “meet and confer regarding alternative dispute resolution.” The parties are expected to meet and confer this week and file a joint statement by March 8, 2021.

The Company is continuing to explore all of its legal options in its current cases, and has requested the Court in the Western District of Texas to maintain the stay of the Texas cases pending the outcome of the alternative dispute resolution process in the Northern District of California.

International Patents

Additionally, VoIP-Pal is considering its options regarding how best to capitalize on its patent rights in countries outside the United States. In addition to the Company’s extensive U.S. patent portfolio, the Company owns issued patents in foreign countries including Canada, Indonesia, India, Brazil and the European Union. The countries where VoIP-Pal owns foreign patents have a combined population of about 2.6 billion, compared to 330 million in the United States.

VoIP-Pal CEO, Emil Malak stated, “So far our efforts have been focused primarily on monetizing our patents within the United States. We believe the time is right for us to once again evaluate our options for monetizing our many foreign patents. Our complete patent portfolio—which includes more than twenty U.S. patents and many foreign patents—is a valuable asset and we will actively seek to monetize it in the best way possible for our shareholders.”

The VoIP-Pal website will host further information about the Company’s foreign patents.

About VoIP-Pal.com Inc.
VoIP-Pal.Com, Inc. (“VoIP-Pal”) is a publicly traded corporation (OTCQB: 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.

Any forecast of future financial performance is a “forward looking statement” under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment. While the Company believes in the circumstances that legal action is needed to monetize its patents, patent litigation involves various risks and uncertainties that could affect its ability to monetize the patents. We recognize that it is impossible to predict the 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 plan for international patent monetization?

VoIP-Pal is exploring ways to monetize its patent rights in countries outside the U.S., capitalizing on a portfolio that includes patents in several major markets.

What recent court orders affect VoIP-Pal's legal cases?

The U.S. District Court for the Northern District of California ordered parties to meet for alternative dispute resolution, with a joint statement due by March 8, 2021.

What does VoIP-Pal's patent portfolio include?

VoIP-Pal's patent portfolio includes over twenty U.S. patents and many foreign patents in countries like Canada, Indonesia, and the European Union.

How might the ongoing litigation affect VoIP-Pal's operations?

The ongoing litigation presents risks that could impact VoIP-Pal's ability to effectively monetize its patents, potentially delaying financial benefits.