Showing posts with label VRNG. Show all posts
Showing posts with label VRNG. Show all posts

Tuesday, June 19, 2012

Google Vs. Vringo: Vringo (AMEX: VRNG) Delivers A Knockout In Round One

Google Vs. Vringo: Vringo (AMEX: VRNG) Delivers A Knockout In Round OneNorthern, WI 6/19/12 (StreetBeat) -- Today, several news services interpreted that Vringo (AMEX:VRNG) received four out of six positive construction Markman rulings in its cases against tech giants; Aol (NYSE:AOL), Google (Nasdaq:GOOG), and Target Corp (NYSE:TGT).

Background:

This case involves relevance filtering technology used in the search engine industry. In the mid-to-late 1990s, the amount of content (e.g., web pages) available on the Internet was relatively small compared to today. Users would frequently access Internet web pages by visiting portal sites, which presented content categorized directories through which the users could select links to available pages. The leading portal sites of the time (i.e., AOL, Lycos, etc.) used manually maintained content catalogs.

As the Internet expanded its reach, manual logs presented both accuracy problems, as well as difficulty in maintaining substantially larger amounts of information. After working together on several products, Plaintiff's Lang and Kosak developed technology that would provide more accurate search results to users by combining content-based data and collaborative feedback data from other users to satisfy a particular user's query or search request.

On September 15, 2011, I/P Engine filed a Complaint in the United States District Court for the Eastern District of Virginia, alleging that the Defendants use I/P Engine's technology on various sites to provide advertising and search services.

New Relevant Information:

Vringo has entered into a definitive merger agreement with Innovate/Protect, Inc. (I/P Engine, Inc.) is a wholly-owned subsidiary of Innovate/Protect, Inc.

On June 15, 2012, the Court issued a Memorandum Opinion & Order relating to the Markman hearing on June 4, 2012 in connection with the lawsuit captioned I/P Engine, Inc. v. AOL Inc. et al., Civ. Action No. 2:11-cv-512, filed in United States District Court for the Eastern District of Virginia, Norfolk Division on September 15, 2011.

A copy of the Memorandum Opinion & Order is available on the Public Access to Court Electronic Records (PACER) electronic public access service at www.pacer.uscourts.gov/ , and will be filed by Vringo, Inc. with the U.S. Securities and Exchange Commission.

Vringo is a provider of software platforms for mobile social and video applications. With its award-winning video ringtone application and other mobile software platforms, including Facetones(TM), Video Remix and Fan Loyalty, Vringo transforms the basic act of making and receiving mobile phone calls into a highly visual, social experience.

Vringo's video ringtone service enables users to create or take video, images and slideshows from virtually anywhere and turn it into their visual call signature. Vringo's Facetones(TM) application creates an automated video slideshow using friends' photos from social media web sites, which is played each time a user communicates with a friend using a mobile device.

News That Was Released Today:

As reported by Dow Jones reporter; Ben Fox: Judge Sides With Vringo on Most Definitions in Patent Suit

A U.S. district court sided with video-ringtone company Vringo Inc. regarding four out of six issues in an ongoing patent case it has against a handful of major companies.

Intellectual-property firm Innovate/Protect, which agreed to merge with Vringo in March, filed a patent suit against AOL Inc. , Google Inc. , IAC/InterActiveCorp. (Nasdaq:IACI), Gannett Co. Inc. (NYSE:GCI) and Target Corp. last year. The company acquired eight patents from Lycos involving relevance-filtering technology and claims two of those patents were infringed.

A hearing, known as a Markman hearing, was scheduled to define the specific meanings of a handful of disputed terms in the suit, such as "collaborative feedback data" and "a scanning system." A judge on Friday sided with four out of six of Vringo's definitions, and sided with the defendants on the other two.

Shares, which were halted midday, closed Monday up 9.5% at $4.02 amid the Markman ruling. The stock has quadrupled this year, after tumbling in 2011, amid the merger deal, as well as an investment from tech investor and Dallas Mavericks owner Mark Cuban.

Currently, in after hours trading VRNG has traded as high as $4.59 and may move higher on the opening Tuesday on possible short covering?

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Wednesday, April 25, 2012

Vringo (AMEX: VRNG) and du Agree to Launch Subscription Video Service

Vringo (AMEX: VRNG) and du Agree to Launch Subscription Video ServiceShawshank,VA 4/25/12 (StreetBeat) -- Vringo, Inc. (AMEX: VRNG), a provider of software platforms for mobile social and video applications, today announced that it has entered into an agreement with the United Arab Emirates' integrated telecom service provider, du, under which Vringo will offer its award-winning mobile video service to du's customers in the United Arab Emirates. With the du agreement in place, Vringo's potential customer base in the country has now increased to approximately 13 million subscribers across the UAE's two mobile operators, representing 100 percent of the UAE wireless market.

"We are pleased to announce our latest carrier agreement with du in the United Arab Emirates," said Andrew Perlman, Vringo's President and Chief Executive Officer. "In the past few years, du has realized significant gains in market share and is growing further still. Now, as du makes a concerted effort to increase its data and value-added service offerings, our innovative technology will allow the mobile operator to provide an exciting new mobile video service to its growing subscriber base. We look forward to launching with du as we continue to expand Vringo's reach in both the Middle East and other emerging markets around the world."

"We are always looking for new, exciting ways in which to add to our customers' experience, to add life to their life in the most surprising, value-adding ways. By partnering with Vringo, we are bringing a fresh, dynamic dimension to our customers' experience," said Farid Faraidooni, du's Chief Commercial Officer.

The Vringo video ringtone service to be provided to du customers consists of a Web, WAP and mobile app experience that enables customers to create, download and share high-quality mobile video. Once the service is live, du customers will have access to all of the Vringo platform's service capabilities including Vringo's extensive content library of over 12,000 video ringtones.

du is the UAE's fastest growing telecom company, and is one of the two mobile telecommunications operators in the UAE. Today, du has over five million customers. du has an exclusive partner market agreement in the UAE with Vodafone and as such the company is able to draw on Vodafone's global experience in roaming, data services and enterprise customer relationships.

Vringo offers a range of fully-hosted mobile social and video platforms for partners and consumers. Including its launch with du in the UAE, Vringo's award winning video ringtone platform is now deployed with international partners in ten markets. Vringo's scalable cloud-based distributed application architecture enables the partners' subscribers to browse and download mobile videos, set them as video ringtones and instantly share them with friends. Vringo also has content partnerships with major content providers including EMI, T-Pain, Tiesto, Muhammad Ali, Turner, Marvel, Discovery Mobile, RTL, Ingrooves and Agence France-Presse.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Monday, April 16, 2012

Movers: ECYT Gets Big Money from Merck; VRNG Has Mark Cuban as Biggest Investor

Movers: ECYT Gets Big Money from Merck; VRNG Has Mark Cuban as Biggest InvestorTomahawk, WI 4/16/2012 (StreetBeat) -- Endocyte (ECYT) was up more than 100 percent on heavy volume.

Merck & Co. (MRK) has agreed to pay $120 million upfront to Endocyte Inc., with additional payouts of up to $880 million, to develop and market the experimental cancer drug vintafolide as the drug maker looks to bring more drugs to market.

Vintafolide is being evaluated in a Phase 3 clinical trial for ovarian cancer and a Phase 2 trial for non-small cell lung cancer.

Vringo (VRNG) was up 31 percent on heavy volume

Billionaire investor Mark Cuban has taken a major stake in a small video-ringtone maker with annual revenue of less than $1 million, a disclosure that comes a day after he made an investment in another applications maker.

The 7.4% stake in Vringo Inc. makes Cuban the company’s largest shareholder, according to data from FactSet Research. Hedge fund Iroquois Capital LP has the second-biggest stake in Vringo at 6.4%.

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Monday, April 2, 2012

Hungama and Vringo (AMEX: VRNG) Launch Video Ringtone Service in India, Trading +30%

Hungama and Vringo (AMEX: VRNG) Launch Video Ringtone Service in India, Trading +30%Northern, WI 4/2/12 (StreetBeat) -- Vringo, Inc. (Amex: VRNG), a provider of software platforms for mobile social and video applications, today announced that, through its content and services collaboration with Hungama Digital Media Entertainment, it has launched its video ringtone service with Tata DOCOMO, the fastest growing telecom service provider in India's history.

Tata DOCOMO was the first operator to launch Vringo's video ringtone service for its strong GSM subscriber base in India across 18 Circles. Under the new agreement with Tata DOCOMO, Vringo's video ringtone service will be made available to its GSM subscribers in India for 1 rupee per day, or approximately $0.80 per month. Vringo's video ringtone software is designed to allow users to create, download and share high-quality mobile video content that is specific to various regions of the world.

"We are pleased to be working with Tata DOCOMO as we bring our exciting video ringtone software to the mobile market in India," said Andrew Perlman, Vringo's CEO. "We are strengthening our relationships around the region due to the sizable market opportunities of the fast-growing mobile user base in South Asia."

Hungama, which distributes the Vringo service in India, made the introductions between Vringo and Tata DOCOMO. Hungama is the largest source of digitally available Bollywood and South-Asian entertainment content in the world. Vringo is adding premium content from Hungama to its video ringtone content library and is sharing revenues from the content with Hungama, which has strong relationships with all the Indian cellular operators.

"We are excited to bring Vringo's innovative video ringtone technology to all the service providers in India. The Indian mobile industry is at an inflection point and services such as these will become popular as all the Indian mobile service providers will offer better infrastructure and data speeds to their subscribers in the next 12 to 18 months," said Neeraj Roy, MD and CEO, Hungama. "This new partnership will leverage our powerful content and bring it directly to the millions of fans of Bollywood content throughout the region."

Mr. Gurinder Singh Sandhu, Head Marketing, Tata Teleservices Limited said, "Vringo is a key innovator in the mobile social and video arena, so we couldn't be more excited to work together on an innovative mobile video ringtone service that leverages our powerful mobile network in India. We believe the Vringo service, with the customized Indian content by Hungama will have mass appeal throughout India, especially amongst our growing network of high-speed 3G subscribers."

Tata Teleservices Limited is one of India's leading private telecom service providers, having a pan-India presence across all of India's 22 telecom Circles. The company offers integrated telecom solutions to its customers under the unified brand name Tata DOCOMO and operates its wireless networks on GSM, CDMA and 3G technology platforms. Tata Teleservices Limited, along with Tata Teleservices (Maharashtra) Limited, operates in more than 450,000 towns and villages across the country, serving over 85 million subscribers. After its collaboration with Japan's NTT DOCOMO in November 2008, Tata Teleservices launched 2G GSM services under the Tata DOCOMO brand name in all the 18 telecom Circles where it received spectrum from the Government of India, in June 2009. Since then, the company has established a strong brand connect for Tata DOCOMO in India and has been at the forefront of redefining the telecom experience in India, launching innovative products and services that have impacted Indian consumer lifestyles. TTL is the clear market leader in the enterprise space as well, and has market leadership in many product lines, such as mobile broadband with the photon family of wireless access devices. TTL's bouquet of telephony services includes mobile services, wireless desktop phones, public booth telephony and wireline services.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Tuesday, January 31, 2012

Vringo (AMEX: VRNG) Launches New Version of Facetones Customized for Latest Nokia Mobile Devices

Vringo (AMEX: VRNG) Launches New Version of Facetones Customized for Latest Nokia Mobile DevicesOrlando, FL 1/31/12 (StreetBeat) -- Vringo, Inc. (Amex: VRNG), a provider of software platforms for mobile social and video applications, today announced it has released a new version of Facetones™ customized for the latest mobile devices released by Nokia, the world's largest manufacturer of mobile phones.

The Facetones™ app is integrated with Facebook® and generates an automatic, visually exciting slideshow of photos displaying your friend's face and other social content each time you communicate with that friend using your mobile device. With Vringo's latest version of Facetones™, the application is now fully optimized for Nokia's Symbian^3 operating system, including its latest Anna and Belle extensions, which were released in the second half of 2011.

As the most up-to-date versions to the Symbian^3 operating system, Anna and Belle offer the sleekest user interface and richest on-screen media of any Nokia Symbian device, which enables Vringo's Facetones™ to offer more comprehensive social app and call experiences for users of the latest Symbian phones, such as the Nokia 603, Nokia 700 and Nokia 701. As part of its launch, the new version of Facetones™ is being rolled out this month to the Nokia Store, as well as major global app stores and content discovery sites worldwide.

"We are pleased to announce our new version of Facetones™ and the enhanced features and compatibility the update brings to Nokia devices," said Vringo's CEO, Jon Medved. "The ongoing innovation that Vringo brings to the latest Symbian handsets further solidifies our commitment to delivering best-of-breed video and social experiences to Nokia users around the world, especially in the Middle East, Asia, and Europe."

Andrew Perlman, Vringo's President, added "Since 2007, Vringo has developed Symbian versions of its Video Ringtone, Fan Loyalty, and Facetones™ apps for S40, S60, and Symbian^3 devices, potentially reaching over 1 million Nokia users and enhancing many calls along the way."

Facetones™ is a trademark of Vringo, Inc. and is not sponsored or endorsed by Facebook® nor is Facebook® affiliated with Vringo, Inc.

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Thursday, October 6, 2011

Thursday's Promo Stocks: (PINK:POTG); (OTC:BHRT); (PINK:NYXO); (Amex:VRNG)

Thursday's Promo Stocks: (PINK:POTG); (OTC:BHRT); (PINK:NYXO); (Amex:VRNG)Shawshank, VA 10/6/2011 (PennyPayDay) – Thursday’s smallcap stocks under e-mail promotion campaigns are as follows: Nyxio Technologies (PINK:NYXO); Portage Resources (PINK:POTG); Bioheart, Inc. (OTC:BHRT); and Vringo (Amex:VRNG). These promotional stocks usually have high spikes in volume and are very volatile so, be careful if you choose to trade them and always do your due diligence.

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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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Tuesday, March 8, 2011

Mobile SaaS Acquisitions and Mergers

Mobile SaaS Acquisitions and MergersVringo (AMEX:VRNG), a provider of video ringtones and personalization solutions for mobile devices, today announced that it has signed a non-binding Letter of Intent to acquire substantially all of the assets of m-Wise (OTC:MWIS). As I write, shares of Vringo are up 46 percent at $2.88 per share on volume of nearly 270,000 shares, and shares of m-Wise were up 2 cents at $0.03 per share on volume of 3.3 million shares.

m-Wise provides a platform used by content owners and service providers to manage, deliver and monetize mobile entertainment, content and applications. The m-Wise mobile software as a service (SaaS) platform is used to power over three million daily mobile service transactions world-wide, and m-Wise has performed over one billion mobile transactions in the aggregate since it was founded in March 2000.

m-Wise's current customers include leading companies such as Jesta Digital, Thumbplay, Universal Music Group, Digicel and Snackable Media. These m-Wise-enabled applications for content and media partners include content delivery services, ringtones, music, video, games, information services, alerts and advertising and promotions, all of which were developed and delivered from the cloud on a hosted basis.

For the nine months ending September 30, 2010, m-Wise reported sales of $2.1 million, gross profit of $1.2 million and a net loss (including non-cash, stock-based expenses and options accounting) of $0.8 million. Vringo anticipates cost savings and operational synergies from combining m-Wise's business with Vringo's core business. As a result, Vringo believes that the m-Wise acquisition will be cash flow accretive with the potential to reduce Vringo's overall burn rate in the first full year of combined operations.

Under the terms of the LOI, Vringo will issue m-Wise 1.9 million shares of its common stock, provide m-Wise's management with a retention package comprised of options to purchase 500,000 shares of common stock, and assume and pay over a two year period certain of m-Wise's expenses and related costs in the amount of $615,000. Vringo will also issue a five-year promissory note for $320,000 convertible into 200,000 shares of its common stock for certain services provided in connection with the transaction.

"This business combination makes tremendous sense for Vringo," said Jon Medved, Vringo's Chief Executive Officer. "By adding m-Wise's rich back-end server technology to Vringo's proven video application ability, we can generate significant product, customer and cost synergies. We intend to use the m-Wise platform to release multiple new video and other mobile consumer services to our growing family of content and carrier partners. We also expect to acquire revenue and margin contribution as a result of this transaction, which would bring us that much closer to profitability."

Zach Sivan, m-Wise's CEO, commented, "We are excited about the prospects of joining with Vringo to provide a rich end-to-end mobile application service platform to an expanded list of customers and directly to consumers. Mobile services are moving to the cloud, and video is the coming tsunami which will drive the entire mobile market. Together with Vringo's creative and market leading video team, we expect to ride this huge wave to our mutual benefit."

For more information, visit http://www.m-wise.com/.

For more information, visit http://ir.vringo.com.

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Friday, December 10, 2010

Vringo (AMEX:VRNG): + 15% Vrrrrrrringo ! ! ! !

Vringo (AMEX:VRNG): + 15% Vrrrrrrringo ! ! ! !Vringo, a provider of video ringtones and next generation personalization solutions for mobile devices, announced the signing of an agreement with EMI Music, one of the world's leading music companies, to bring EMI Music artists' video content to mobile phones as video ringtones. These video ringtones will be made available as premium content to Vringo users in the UK where Vringo will be launching with Orange, the UK's largest mobile carrier, in the fourth quarter of 2010.

This groundbreaking content licensing partnership with one of the world's preeminent music companies brings video ringtones to the mobile phone from EMI's extensive roster of world famous artists. "We are pleased to feature video ringtones from EMI Music representing many exciting artists in the UK music market," said Andrew Perlman, Vringo's President. "Video ringtone content from recognized music stars will open a new important growth chapter in our business. Fans of EMI artists will soon have the option to use Vringo to access an unmatched library of attractive video ringtones."

Ian Whitfield, EMI Music's Vice President Digital Development Europe, said, "Vringo has developed a very interesting new technology for integrating internet and video content with the new capabilities of the latest mobile phones. EMI is very pleased to support their drive to build this new area which promises to bring our artists' great videos to new and wider audiences."

Vringo's fully-hosted carrier platform is currently deployed for international partners in five markets with new launches anticipated soon. Vringo's scalable, cloud-based distributed application architecture enables a carrier's subscribers to browse and download mobile videos, set them as video ringtones and instantly share them with friends. In addition to carrier partners, Vringo has content partnerships with major artists, celebrities and content providers including T-Pain, Muhammad Ali, Turner, Marvel, Hungama Mobile, RTL and Ingrooves.

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