The availability of the Silver Point financing is subject to the negotiation and execution of definitive documentation and the satisfaction of certain conditions including certain other lenders committing to provide $60 million of the private debt financing. If these conditions are met, an initial closing for between $185 million and $215 million of amounts under the financing is expected to occur in the third quarter of 2008.

Management will host a webcast discussion of the quarter's results on Thursday, August 7, 2008 at 10:00 AM Eastern Time. To participate, please dial (877) 675-4756 approximately ten minutes prior to the call. International callers should dial (719) 325-4869. A replay will be available approximately two hours after the conclusion of the call until midnight August 21, 2008, and may be accessed by dialing (888) 203-1112. International callers should dial (719) 457-0820. The replay passcode is: 9983148.

HOLMDEL, N.J., July 10, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage, a leading provider of digital phone services, today announced it recently received approval of its first internally developed patent, called "Method and Apparatus for Placing a Long Distance Call Based on a Virtual Phone Number." The invention allows customers to use a virtual number to contact parties at distant locations without incurring long distance charges.

"This is a major milestone for Vonage as we continue to keep innovation at the heart of our corporate value system," said Jeffrey Citron, Vonage Chairman, Chief Strategist and Interim CEO. "We are pleased to have secured this patent, and the depth of talent and creativity here at Vonage that it reflects."

Stockholders of record at the close of business on March 31, 2008 are entitled to attend the 2008 Annual Stockholders' Meeting and vote their shares. In accordance with Vonage's security procedures, all stockholders attending the 2008 Annual Stockholders' Meeting must present an acceptable form of photo identification and proof of share ownership as of the close of business on March 31, 2008.

The new service, called Vonage Broadband, is expected to be offered to new and existing customers by the end of the year. Through this relationship with Covad, Vonage will offer DSL services with maximum download speeds of 3.0 or 6.0 megabits per second to both residential and small business customers. This offering will expand Vonage's competitive position in the marketplace by integrating these services for customers who prefer this option.

HOLMDEL, N.J., May 8, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced results for the quarter ended March 31, 2008.

Revenue for the first quarter 2008 grew to a record $225 million, up 15% from $196 million in the first quarter 2007 and up 4% sequentially, driven by an increase in subscriber lines and higher average revenue per user.

The Company intends to use the net proceeds from this financing, plus cash on hand, to repay, tender for or redeem its existing convertible notes, which can be put to the Company on December 16, 2008 and have a principal amount due of approximately $253 million. As of March 31, 2008, the Company had approximately $190 million in cash and cash equivalents of which $42 million was restricted and $148 million was unrestricted.

Management will host a webcast discussion of the quarter's results on Thursday, May 8, 2008 at 10:00 AM Eastern Time. To participate, please dial (877) 419-6594 approximately ten minutes prior to the call. International callers should dial (719) 325-4932. A replay will be available approximately two hours after the conclusion of the call until midnight May 23, 2008, and may be accessed by dialing (888) 203-1112. International callers should dial (719) 457-0820. The replay passcode is: 5532664

The webcast will be broadcast live through Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.