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From the Wires
Vonage Acknowledges Lawsuit From Verizon
Vonage Acknowledges Lawsuit From Verizon

By: PR Newswire
Jun. 19, 2006 11:00 AM

HOLMDEL, N.J., June 19 /PRNewswire-FirstCall/ -- Vonage Holdings Corp. , a leading provider of broadband telephone services announced today that it has been served with a patent infringement lawsuit, along with its wholly owned subsidiary, Vonage America, Inc., filed by Verizon Services Corp. and Verizon Laboratories, Inc. relating to voice over the internet (VoIP) technology.

As a leading developer of VoIP technology, Vonage respects the valid intellectual property rights of others. Vonage believes that its services have been developed with its own proprietary technology and technology licensed from third parties and intends to vigorously defend the lawsuit. Vonage has not previously been notified by Verizon regarding the seven patents identified in the lawsuit and has engaged its outside intellectual property counsel to investigate the matter.

vg-a About Vonage

Vonage is a pioneer in the Internet telephony industry. The award winning Vonage(R) service is sold on the web and through national retailers. For more information about Vonage's products and services please visit http://www.vonage.com/. Vonage Holdings Corp. is headquartered in Holmdel, New Jersey.

Statements in this press release that are not historical facts or information may be forward-looking statements. These forward-looking statements are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include, but are not limited to, our history of net operating losses and our need for cash to finance our growth; the competition we face; our dependence on our customers' existing broadband connections; differences between our service and traditional phone services, including our 911 service; uncertainties relating to regulation of VoIP services; system disruptions or flaws in our technology; our ability to manage our rapid growth; the risk that VoIP does not gain broader acceptance; and other factors described in our registration statement on Form S-1, as amended, and in our subsequent periodic reports filed with the SEC.

Vonage Holdings Corp.

CONTACT: Mitchell Slepian of Vonage, +1-732-528-2677,
mslepian@vonage.com

Web site: http://www.vonage.com/

Published Jun. 19, 2006
Copyright © 2006 SYS-CON Media, Inc. — All Rights Reserved.
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