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 second quarter of 2012 and subsequent events.
"With a strengthened team, balance sheet and capital structure, we believe that we are well positioned to continue executing on our business plan. The completion of our merger with Innovate/Protect on July 19th was an exciting milestone for the company. We have demonstrated the strength and ability of our management to execute with our recent acquisition of over 500 patents and applications from Nokia. We appreciate the strong support we have received from our shareholders, and look forward to continuing to build value," said Andrew Perlman, Vringo's Chief Executive Officer.
Second Quarter Highlights and Subsequent Events
Conference Call Information
|Date: Tuesday, August 14, 2012|
|Time: 5:00 p.m. Eastern (Vringo recommends dialing in ten minutes in advance)|
|Domestic: (888) 882-8678|
|International: (706) 645-4500|
|Replay (available shortly after conclusion): (855) 859-2056|
|Confirmation Code: 20623594|
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 Lycos, Inc. and Nokia Corporation. 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.
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.