|[April 25, 2012]
Vringo and du Agree to Launch Subscription Video Service
NEW YORK --(Business Wire)--
Vringo (News - Alert), Inc. (NYSE 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
"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 (News - Alert) and as such the company is able to draw on Vodafone's
global experience in roaming, data services and enterprise customer
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
About Vringo, Inc.
Vringo (NYSE Amex: VRNG) 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™,
Video Remix and Fan Loyalty, Vringo transforms the basic act of making
and receiving mobile phone calls into a highly visual, social experience.
Vringo recently announced that it had entered into a definitive merger
agreement with Innovate/Protect, Inc., a company that holds eight
patents acquired from Lycos, Inc.
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. In a first for the mobile industry, Vringo has
introduced its patented VringForward technology, which allows users to
share video clips with friends with a simple call. Vringo's Facetones™
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. Vringo's Video ReMix
application, in partnership with music artists and brands, allows users
to create their own music video by tapping on a Smartphone or tablet.
Fan Loyalty is a platform that lets users interact, vote and communicate
with contestants in reality TV series with which Vringo partners, as
well as downloading and setting clips from such shows as video
ringtones. Vringo's video ringtone application has been heralded by The
New York Times as "the next big thing in ringtones" and USA
Today said it has "to be seen to be believed." For more information,
About Innovate/Protect Inc.
Innovate/Protect Inc. is an intellectual property firm founded in 2011
whose wholly-owned subsidiary, I/P Engine, holds eight patents that were
acquired from Lycos Inc.
This press release includes forward-looking statements, which may be
identified by words such as "believes," "expects," "anticipates,"
"estimates," "projects," "intends," "should," "seeks," "future,"
"continue," or the negative of such terms, or other comparable
terminology. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are subject to risks
and uncertainties, which could cause actual results to differ materially
from the forward-looking statements contained herein. Factors that could
cause actual results to differ materially include, but are not limited
to: our ability to complete our previously announced proposed merger
with Innovate/Protect, Inc., our ability to raise capital to fund our
operations, the continued listing of our securities on the NYSE Amex,
market acceptance of our products, our ability to protect our
intellectual property rights, competition from other providers and
products and other factors discussed from time to time in our filings
with the Securities and Exchange Commission. Vringo expressly disclaims
any obligation to publicly update any forward-looking statements
contained herein, whether as a result of new information, future events
or otherwise, except as required by law.
du, the integrated telecom service provider in the UAE, launched mobile
telecommunication services in February 2007 across the UAE, in addition
to internet and pay TV services that du provides in some of the free
zones of Dubai. Call Select, du's nationwide fixed line services for
voice telephony, was launched in July 2007. By the end of 3rd quarter of
2011, over 4,937,900 people in the UAE had chosen to become du mobile
Among du's many firsts is its historic Number Booking Campaign for both
individuals and business, Pay by the Second billing system, Mobile TV,
Mobile Payments, first of its kind 'WoW' recharge card (which offers
customers the choice between 'more credit', 'more time' and now the
'more international' recharge option with additional credit on
international calls) and Self Care.
For business customers, du business offers include Closed Business User
Group and preferred International Destinations. du Broadcast Services
division brings scalable media technology platforms and
telecommunication solutions to the broadcast community through its
world-class teleport (Samacom) and Master Control Room (MCR) facilities.
du products and services for consumers and business are available
through du's retail network, currently numbering 44 du shops located in
strategic locations across the UAE, including the recently opened
flagship store located in the heart of Abu Dhabi. In addition, customers
can access du products and services at more than 3000 authorised dealers
or through the du e-shop, accessible at http://shop.du.ae.
du shops are a one-stop-shop for mobile service, carrier select and the
payment of service bills.
du is 39.5 per cent owned by the UAE Federal Government, 19.75 per cent
by Mubadala Development Company, 19.5 per cent by Emirates
Communications & Technology Company LLC and the remaining stake by
public shareholders. It is listed on the Dubai Financial Market (DFM)
and trades under the name du.
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