Thursday, October 6, 2011

Vringo (Amex:VRNG) and Verizon Come to Terms on Deal

Vringo (Amex:VRNG) and Verizon Come to Terms on DealTomahawk, WI 10/6/2011 (PennyPayDay) – Verizon Wireless and Vringo, Inc. (Amex:VRNG), a provider of software platforms for mobile, social and video applications, today announced, in a press release, that Vringo's innovative new Facetones application is now available in V CAST Apps on select Verizon Wireless devices.

Vringo's Facetones service integrates with Facebook and provides a new way to get visually exciting social content each time a user makes or receives a phone call. For Verizon customers who download the app, Vringo's Facetones product creates an automated video slideshow using friends' photos from social media websites and photo sites and then plays this video slideshow as the phone rings. Initially, Facetones will connect with Facebook, one of the world's leading social media sites, providing a significantly enhanced mobile experience for consumers of social media.

"We are pleased to announce the launch of Facetones in the United States in V CAST Apps from Verizon Wireless," said Andrew Perlman, president of Vringo. "Facetones brings an exciting new range of social interaction for mobile users by allowing them to experience a visually exciting video slideshow every time they call a friend."

V CAST Apps, Verizon Wireless' mobile storefront, is available on more than 20 Android™ and BlackBerry devices and delivers thousands of apps, games and more to Verizon Wireless customers. Powered by the Verizon Developer Community (VDC), V CAST Apps enables customers to discover and purchase apps with a simple one-click process and offers the ease and convenience of direct billing – apps purchased are invoiced on customers' monthly bills.

Verizon Wireless customers can purchase and download Facetones from V CAST Apps in the Social Networking & IM channel. Facetones is available for a $0.99 monthly subscription or a one-time purchase fee of $2.99, plus tax, for unlimited use on all Android smartphones from Verizon Wireless featuring V CAST Apps, including the DROID X by Motorola, ThunderBolt by HTC, Samsung Continuum and the Revolution by LG. Data charges may apply when browsing, downloading and using certain applications.

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