HOLMDEL, N.J., June 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/
-- Vonage, a leading provider of digital phone services, today hailed the United
States House of Representatives' passage of the New and Emerging Technologies
911 Improvement Act of 2008. This new act grants long awaited rights and
protection to Voip service providers to interconnect to the traditional 911
network operated by incumbent telephone providers.
"Vonage is grateful for the many efforts in Congress to make this legislation
a priority. It helps consumers, Public Safety and Vonage support the best
possible emergency solution," said Jeffrey Citron, Chairman, Chief Strategist,
and Interim CEO of Vonage. "With over 98% of our subscriber's lines with access
to E911, Congress has provided additional tools, leadership and encouragement to
get all parties to work together."
Vonage's E911 solution enables a customer's call to be automatically routed
to the appropriate 911 center, with the caller's registered street address and
telephone number appearing on the dispatcher's screen -- regardless of where or
what exchange they are calling from.
The bill having passed both the Senate and House now awaits President Bush's
signature.
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About Vonage
Vonage (NYSE: VG) is a leading provider of digital phone services with over
2.6 million subscriber lines. Our award-winning technology enables anyone to
make and receive phone calls with a touch tone telephone almost anywhere a
broadband Internet connection is available. We offer feature-rich and
cost-effective communication services that offer users an experience similar to
traditional telephone services.
Our Residential Premium Unlimited and Small Business Unlimited calling plans
offer consumers unlimited local and long distance calling, and popular features
like call waiting, call forwarding and voicemail - for one low, flat monthly
rate. Vonage's service is sold on the web and through national retailers
including Best Buy, Circuit City, Wal-Mart Stores Inc. and Target and is
available to customers in the U.S., Canada and the United Kingdom. For more
information about Vonage's products and services, please visit
www.vonage.com.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a
registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings
Corp.
This press release contains forward-looking statements relating to our E911
deployment. In addition, statements in this press release that are not
historical facts or information may be forward-looking statements. The
forward-looking statements in this release 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 growth; the
risk that Voip does not gain broader acceptance; and other factors described in
the "Risk Factors" section of our registration statement on Form S-1, as amended
(File No. 333-136773), and in our subsequent periodic reports filed with the
SEC. While we may elect to update forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so, and therefore, you
should not rely on these forward- looking statements as representing our views
as of any date subsequent to today.
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