Voip-Pal Provides Corporate Update
January 17, 2017 -- Voip-Pal.com Inc. (“Voip-Pal” or the “Company”) (OTCQB:VPLM) is pleased to announce the following updates on current Company activities:
the Company filed its annual report on Form 10-K for its fiscal year ending September 30, 2016, with the United States Securities and Exchange Commission on January 11, 2017. The annual report shows Voip-Pal continues to be debt-free and current in its obligations.
Since the removal of the DTC Chill last month, the Company has made a request to the Depository Trust Company for inclusion in the FAST (Fast Automated Securities Transfer) program. The FAST system gives shareholders the ability to move shares electronically to their brokerage accounts using the DWAC (Deposit Withdrawal at Custodian) function through the company's transfer agent. Approval for DWAC/FAST is expected early February 2017.
On January 4, 2017, the process of service to the defendant was completed in Voip-Pal’s $2,699,000,000 patent infringement lawsuit vs Twitter Inc. (U.S. Dist. Ct. Case No. 2:16-CV-00260).
Voip-Pal continues its preparation of the "Patent Owner's Response", due February 10, 2017, to the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office regarding Inter Partes Reviews IPR2016-01201 and IPR2016-1198, filed by Apple Inc. against Voip-Pal’s RBR patents (Patent Nos. 8,542,815 and 9,179,005). The response will be posted on the Company’s website once it has been completed and filed with the PTAB.
Emil Malak, CEO of Voip-Pal, stated, “Our immediate focus remains the successful completion of our response to the PTAB. We are fully engaged in this effort, given its importance and the strength of the evidence we will be providing. As always, we appreciate the resoluteness of our many valued shareholders. It is my firm belief that we are moving ever closer to realizing the monetary rewards due our patented technology.”