|By Business Wire||
|June 19, 2014 05:02 AM EDT||
Voip-Pal.com Inc. (“Voip-Pal”, “Company”) (OTC Pink: VPLM) announced today that the trading Blackout Period, restricting specific individuals and entities close to the Company from trading Voip-Pal stock, has been extended until the close of the market on Thursday July 3, 2014. The extension of this blackout period is to allow the Board to continue “to consider an event [that] may occur that is material to the Company and is known by only a few directors or executives.” Any actions and/or necessary meeting[s] involving parties other than the Board of Directors that may arise as a result of the considerations of the Board of Directors during this extended blackout period will be noticed and held after July 3, 2014.
The Blackout Period extension affects only a small number of individuals and entities that have received notice from the Company and will not affect the public at large.
Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal stated, “The Board and management of the Company appreciate that most shareholders have recognized the legal requirement to preclude insiders from trading during this time frame. There is little that can be said about our considerations until conclusions are reached by the Board. If the conclusions reached by the Board necessitate participation of other interested parties, including shareholders, notices will be given and meetings will be held for input or action from such parties. Again, we apologize for any inconvenience to our shareholders, which should be minimal.”
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation (OTC Pink: 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.
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