HOLMDEL, N.J., Oct 07, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced revised terms for its proposed debt financing with Silver Point Finance, LLC ("Silver Point"). The Company previously announced the terms and conditions for up to $215 million in private debt financing consisting of a $95.0 million senior secured first lien credit facility and the sale of $90.0 million of convertible secured second lien notes due 2015. The proposed debt financing also contemplated assembling a syndicate of other lenders to provide up to $30 million of an incremental senior secured first lien credit facility.

Subsequent to that announcement, Vonage's management and board of directors, along with Silver Point determined that it was in the best interest of all parties to further negotiate the terms of the contemplated financing. As a result, we have agreed that the new structure better meets the needs of the Company and the lenders. The private debt financing led by Silver Point is now expected to consist of a $130.3 million senior secured first lien credit facility, a $72 million senior secured second lien credit facility and the sale of $18 million of convertible secured third lien notes due 2015 with an initial conversion price of approximately $0.29 per share of common stock. Some of the other terms of the financing have changed, including the interest rates under the facilities and the convertible notes.

HOLMDEL, N.J., Sept 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG) announced today that it is extending the expiration date of its previously announced offer to purchase for cash any and all of its outstanding 5.0% Senior Unsecured Convertible Notes due 2010 (the "Notes"). As amended, the offer will now expire at 5:00 p.m., New York City time, on October 15, 2008, unless further extended or earlier terminated. Tenders of Notes must be made on or prior to the expiration of the offer, and Notes may be withdrawn at any time on or prior to the time the Notes validly tendered are accepted for payment. As of 5:00 p.m., New York City time on September 29, 2008, $253.26 million aggregate principal amount of Notes have been validly tendered and not properly withdrawn.

HOLMDEL, N.J., Sept 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG) announced today that it is extending the expiration date of its previously announced offer to purchase for cash any and all of its outstanding 5.0% Senior Unsecured Convertible Notes due 2010 (the "Notes"). As amended, the offer will now expire at 5:00 p.m., New York City time, on September 29, 2008, unless further extended or earlier terminated. Tenders of Notes must be made on or prior to the expiration of the offer, and Notes may be withdrawn at any time prior to the time the Notes validly tendered are accepted for payment. As of 5:00 p.m., New York City time on September 15, 2008, $253.26 million aggregate principal amount of Notes have been validly tendered and not properly withdrawn.

Full details of the terms and conditions of the offer are included in Vonage's Offer to Purchase dated July 30, 2008, as amended. Except as described in this press release, the terms of the offer remain the same as set forth in the Offer to Purchase, as amended.

HOLMDEL, N.J., Aug 27, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG) announced today that it is extending the expiration date of its previously announced offer to purchase for cash any and all of its outstanding 5.0% Senior Unsecured Convertible Notes due 2010 (the "Notes"). As amended, the offer will now expire at 5:00 p.m., New York City time, on September 15, 2008, unless further extended or earlier terminated. Tenders of Notes must be made on or prior to the expiration of the offer, and Notes may be withdrawn at any time on or prior to the expiration of the offer. As of 5:00 p.m., New York City time on August 27, 2008, $252.74 million aggregate principal amount of Notes have been validly tendered and not properly withdrawn.

Full details of the terms and conditions of the offer are included in Vonage's Offer to Purchase dated July 30, 2008, as amended. Except as described in this press release, the terms of the offer remain the same as set forth in the Offer to Purchase, as amended.

- Second Quarter Revenue Grows 11% to $228 Million -
- Company Generates Adjusted Operating Income(1) of $12 Million -
- 2Q08 Net Loss Narrows to $7 Million or $0.04 per Share -

HOLMDEL, N.J., Aug 07, 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 June 30, 2008.

Revenue for the second quarter 2008 grew to a record $228 million, up 11% from $206 million in the second quarter 2007 and up 1% sequentially from $225 million, driven by an increase in average revenue per line and subscriber lines.

For the second quarter of 2008, the Company reported a GAAP net loss of $7 million or $0.04 per share, compared to a net loss of $23 million or $0.15 per share reported in the second quarter 2007. Adjusted operating income(1) was $12 million in the quarter, a significant improvement from an adjusted operating loss of $18 million in the year-ago quarter and adjusted operating income of $8 million sequentially.

HOLMDEL, N.J., July 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG) announced today that it has commenced a cash tender offer for any and all of its outstanding 5.0% Senior Unsecured Convertible Notes due 2010. The tender offer is being made in connection with the proposed refinancing of Vonage's debt announced last week.

Vonage is offering to purchase the notes at a price of $1,000 for each $1,000 of principal amount of notes tendered, plus accrued and unpaid interest up to, but not including, the date the notes are paid pursuant to the offer. The tender offer is conditioned upon $185,000,000 minimum principal amount of Notes being validly tendered and not properly withdrawn, the receipt by Vonage of the proceeds from a $95 million senior secured first lien credit facility and the issuance by Vonage and its wholly owned subsidiary, Vonage America Inc., as co-issuers, of $90 million of convertible secured second lien notes contemplated by the commitment letter, dated July 22, 2008, between Vonage and Silver Point Finance, LLC and satisfaction of certain other conditions.

New Leadership, New Financing and New Products Set Stage for Company Growth

HOLMDEL, N.J., July 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage today announced that its Board of Directors has appointed Marc Lefar Chief Executive Officer of Vonage. Lefar replaces Interim CEO Jeffrey Citron, who had assumed the additional role in April of 2007. Citron will assume the role of non-executive Chairman of the Board and serve as a consultant on long-term strategy.

"I believe there is no better person than Marc to lead Vonage at this time. He possesses a wealth of telecom experience and a strong mix of strategy, finance and operating skills. His marketing expertise is second to none," said Citron. "The Board believes he will bring a fresh perspective to addressing the opportunities and challenges ahead and will help the Company to realize future growth and profitability."

HOLMDEL, N.J., July 28, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone services, has announced that it will hold a Special Stockholders' Meeting on Wednesday, August 20, 2008. The purpose of the meeting is to seek approval pursuant to New York Stock Exchange requirements of the issuance of Vonage common stock upon conversion of certain convertible debt securities of Vonage. The meeting will begin at 10:00 a.m., local time and will be held at Vonage Holdings Corp., 23 Main Street, Holmdel, NJ 07733.

Lifestyle-focused service offering includes next generation SoftPhone(R), Vonage Companion(TM), which allows customers to use their home phone number away from home

HOLMDEL, N.J., July 28, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage (NYSE: VG) today announced the launch of Vonage Pro(SM), a first-of-its-kind digital voice offering featuring five innovative components that keep you connected to your home life while on the go, including the ability for customers to use their home phone number virtually anywhere they have access to a high speed Internet connection. Vonage Pro is the next step in the MyVonage(TM) product strategy, which is focused on developing products and services based on the requests of customers who have a wide variety of lifestyles and communication needs.

"Vonage is grateful to the President and Congress for making this legislation a reality. It will enable Vonage and other VoIP providers to better support first responders in times of emergency," said Jeffrey Citron, Chairman, Chief Strategist, and Interim CEO of Vonage. "While over 98% of our subscriber lines already have access to E911, enactment of this law provides additional tools and leadership for platform neutral, responder friendly safety communications."

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.