Voip-Pal.Com Reduces Debt By 30%

voip-pal_logo.jpgVoip-Pal.Com is pleased to announce that it has reduced the company's overall debt by nearly 30%. This reduction will be reflected in the company's fiscal year end financials of September 30, 2011.

Voip-Pal will resume operations after having limited its sales until the new retail website, www.pointsphone.com, has been upgraded and redesigned. An updated and newly improved corporate website for investors is also forthcoming with a scheduled launch later this week.
Posted on Sep 12, 2011  Reviews | Share |  Digg
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Pervasip Initiates Buyout of Convertible Debt Instrument

Pervasip has sent notice to an investor to buy out a convertible debt instrument, which allows the investor to convert approximately $100,000 of debt into common stock at a 45% discount to market. Pervasip has also converted $224,000 of debt on its balance sheet into common stock, at a price of $0.08 per share.

The company's transfer agent reports that total shares outstanding as of June 16, 2011 are 46,601,463, 3,690,154 of which are in certificate form and 42,911,309 are held in brokerage accounts. A total of 43,175,587 are considered free trading shares.
Posted on Jun 21, 2011  Reviews | Share |  Digg
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CounterPath Announces Closing of Private Placement

counterpath_logo.jpgCounterPath has raised gross proceeds of CDN$5,505,150 (US$5,636,170) by way of a brokered private placement (the "Offering") of units ("the Units") at a price of CDN$1.75 per unit and entered into commitments for the early exercise of outstanding warrants providing for further proceeds of US$1,500,000.

Under the private placement, each Unit consists of one common share (each, a "Unit Share") and one-half of one common share purchase warrant (each, a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional common share (each, a "Warrant Share") at a price of CDN$2.25 per Warrant Share for a period of two years from the closing of the Offering.
Posted on Jun 14, 2011  Reviews | Share |  Digg
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Voip-Pal.com Starts Process of Elevating to Current Information Tier on OTC Pink Sheets

voip-pal_logo.jpgVoip-Pal.com announces that it has started the process of upgrading its OTC Markets Tier to "OTC Pink Current Information".

"We have started the process to elevate our status on the OTC Markets to the next level," states Dennis Chang, President of Voip-Pal. "and we anticipate the process will be completed by the end of this month. Achieving the Current Information Tier with OTC Pink will provide a significant beneficial impact on our Company as well as our Shareholders. Shareholders will have access to comprehensive information on the financial results from the Company's operations. In addition, Shareholders will have access to disclosures relating to the Company's financial policies. Once we achieve this major milestone to become current all existing and new Investors will have the ability to evaluate and follow the growth and progress of their investment with greater transparency."
Posted on Jun 06, 2011  Reviews | Share |  Digg
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NetCapital Converts Portion of Pervasip Debt into Common Stock

Pervasip announced that NetCapital.com has completed a conversion of debt into common stock. NetCapital converted $148,522 of debt into 594,088 shares of common stock, a conversion rate of $.25 per share.

Pervasip's Chief Executive Officer, Paul Riss, noted, "We signed a securities settlement agreement with NetCapital, which allowed them to convert some of the debt they purchased, in a previous transaction, from our principal lender. We view this settlement agreement as a favorable indicator of the direction we are pursuing with NetCapital."

NetCapital has a signed agreement with Pervasip's principal lender to purchase all of its outstanding debt.
Posted on Jun 02, 2011  Reviews | Share |  Digg
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fring Fuels Mobile Video Communication with C-round Funding

fring_logo2.jpgfring announces closing its C-round of financing. The new financing will expedite fring's unrelenting mobile innovations and bring fring's fun video communication suite to a slew of new devices and segments of users.

fring's new financing complements fring's primary revenue engines, fringOut and advertising, which are contributing at a rate of $10 million annually.

"Time and again, our team has shown it has the innovative edge to deliver ground-breaking, consumer communication experiences." Said Avi Shechter, Co-Founder & CEO of fring. "This is how our young team has won tens of millions of users, bringing the world's 1st unrestricted mobile voice over IP, the 1st mobile Video over IP, and just last month, the 1st mobile Group Video over IP. And we're just getting started."
Posted on May 25, 2011  Reviews | Share |  Digg
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NetCapital Signs Agreement to Buy Out Pervasip's Lender

Pervasip Corp. announced that a strategic investor, NetCapital.com, has signed an agreement with Pervasip's lender to purchase all outstanding debt.

NetCapital's Chairman, John Fanning, noted, "We have a track record of success with disruptive technologies, and Pervasip's technology is a true example of how game-changing vision and wisdom can be forged into a paradigm-breaking commercial product. We have been following Pervasip for years, waiting for the right opportunity to partner and invest. Today we have found a time of great value."

"We are pleased to have a friendly investor who wants to work with us to build value for our shareholders," said Paul Riss, Pervasip's Chief Executive Officer. "At this point in time, our original lender can no longer foreclose on our assets."
Posted on May 17, 2011  Reviews | Share |  Digg
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netTALK.COM Secures $1.5 Million of Additional Funds

netTalk_logo.jpgnetTALK.COM announced that it has obtained additional funding up to $1,500,000. These borrowings are the last stage in a series of funding rounds pursuant to a promissory note agreement.

“This round of funding from our primary investor is particularly useful to us as we gear up to sell the netTALK DUO with additional major bricks and mortar and online retail outlets," said Anastasios "Takis" Kyriakides, Chairman and President of netTALK. "It will also help us further ramp up our marketing efforts and sales of the netTALK DUO, enabling more and more consumers to say ‘Goodbye’ to their phone company, forever.”
Posted on May 09, 2011  Reviews | Share |  Digg
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netTALK.Com Procures $2.5 Million in Additional Funding

netTalk_logo.jpgnetTALK.COM has obtained additional funding up to $2,500,000 in borrowings pursuant to a promissory note agreement.

"The new funding will be used to further grow the company, focusing on sales and marketing, expansion of the DUO telecommunications network, and supporting services and products."

"We are most appreciative of the continuing confidence placed in us by our core investor, who continues to support the implementation of our business," said Anastasios "Takis" Kyriakides, Chairman of netTALK. "The new funding will be used to further grow the company, focusing on sales and marketing, expansion of the DUO telecommunications network, and supporting services and products."
Posted on Apr 08, 2011  Reviews | Share |  Digg
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Skype Files Registration Statement for IPO

Skype has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined.

Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated will be the joint global coordinators as well as joint book-running managers for the offering. BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities LLC and Deutsche Bank Securities Inc. will also be acting as joint book-running managers. Lazard Capital Markets LLC, RBC Capital Markets Corporation and UBS Securities LLC will be acting as joint lead co-managers; Allen & Company LLC and Evercore Group LLC will be acting as co-managers for the offering.
Posted on Aug 09, 2010  Reviews | Share |  Digg
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Vopium Gets Capital Injection of $16.5 Million

vopium_logo.jpgVopium's economic foundation is now secured so that the company can keep expanding internationally. The Indian investor, Raghuvinder Kataria, has with his own investment company invested $16.5 million in the Danish company and he now owns the majority of the shares in Vopium.

Vopium was established in Copenhagen by a group of people spearheaded by Tanveer Sharif. It was originally intended for immigrants who were looking for cheap telephony solutions to get in contact with family and friends in distant countries. This target group has since been expanded to all people and companies who want to make cheap international phone calls. With a software program installed on their mobile phone, users can make very cheap calls, e.g. from Denmark to the US for only $ 0,02 per minute, and with the same quality as that provided by traditional phone companies. One million users have already installed Vopium on their mobile phone and 250,000 users in 49 countries are using the solution.
Posted on Jun 25, 2010  Reviews | Share |  Digg
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VocalTec Receives Order of Around $1M from Russian Tier-1 Operator

vocaltec.jpgVocalTec announces that one of Russia’s leading tier-1 operators selected VocalTec’s Large-Scale Class-5 solution as its core platform for the delivery of VoIP subscriber services.

The initial order, representing the first stage of the deployment, includes the delivery of VocalTec’s Essentra BAX Large-Scale Class-5 solution supporting over 100,000 subscribers. The system is dimensioned to provide service to a much larger user base in support of the customer’s future expansion plans.
Posted on Feb 23, 2010  Reviews | Share |  Digg
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Voxeo Corporation Announces Strategic Investment

voxeo_logo.gifVoxeo Corporation announces a $9 million minority investment by North Atlantic Capital and the Florida Growth Fund. Voxeo will use the funds to take advantage of rapidly growing opportunities in Unlocked Communications, including VoIP platforms, Interactive Voice Response, text and instant messaging, and unified communications, both by accelerating internal development and through corporate acquisitions. Voxeo has acquired three companies over the last 14 months.
Posted on Nov 13, 2009  Reviews | Share |  Digg
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Telesphere Closes Additional Funding, Totals $32 Million Over 2 Year Period

telesphere_logo.gifTelesphere announces the closing of additional financing, totaling $32 million over the past 24 months. The funding news comes on the heels of Telesphere’s July announcement that it would acquire the VoIP services business of Denver-based Unity Business Networks. The acquisition has now closed after receiving FCC approval.
Posted on Oct 07, 2009  Reviews | Share |  Digg
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XConnect Raises $10 Million in Series B Funding

XConnect_logo.jpgXConnect raises $10 million in Series B funding. A consortium of investors, including Venrock Associates, Accel Partners, Grazia Equity and Crescent Point Group, participated. The financing will enable London-based XConnect to continue expanding its "Interconnect 2.0" portfolio, which includes Carrier ENUM-registry and multimedia interconnection hub services.

Interconnect 2.0 offers the most comprehensive suite of services to meet operators' growing needs to efficiently deliver new revenue-generating multimedia services, such as high-definition voice and video, across IP networks, while increasing service quality and reducing costs.
Posted on Sep 16, 2009  Reviews | Share |  Digg
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