Voip-Pal Appoints Dr. Thomas E. Sawyer as Chairman of the Board and CEO
BELLEVUE, Wash.--(BUSINESS WIRE)-- Voip-Pal.com Inc. ("Voip-Pal", "Company") (OTC Pink: VPLM) announced today that board member Dr. Thomas E. Sawyer has been appointed as Chairman of the Board and CEO of Voip-Pal. Dennis Chang will remain with the Company as a director. Dr. Sawyer will assume his new position effective immediately.
Dr. Sawyer has enjoyed a successful career in both the public and private sectors spanning over forty years of technical and managerial experience in high-technology industries. Among his many business accomplishments are serving as Chairman and CEO of NACT Telecommunications; a company which he founded and led into the Deloitte and Touché Technology Fast 500, as announced in the November 30, 1998, issue of Forbes ASAP. He is a former Chief Technology Officer and board member of Global Light Telecommunications, and Chairman and a Founder of Sacred Circle Health Care, Inc., a company whose primary focus is to provide a wide range of primary medical care services to Tribal members. Dr. Sawyer is best known for his public service as a senior advisor to four U.S. Presidents: Nixon, Ford, Reagan, and George H. W. Bush. For more information on Dr. Sawyer, visit www.tesawyer.com.
When asked about his new position, Dr. Sawyer stated, "I am delighted to assume the role of Chairman of the Board and CEO at such an important point in Voip-Pal's history. I look forward to working with management and the Board to help refine the Company's strategy and priorities to drive profitable growth and create shareholder value. These are exciting times for Voip-Pal, with a most favorable patented technology outlook, many opportunities to strengthen and grow, and directors of such stature as to be qualified to serve on any telephony Board in the world."
Voip-Pal is entering into important phase in the Company's history as their patent portfolio moves into the final stages of development. The Board of Directors believes that Dr. Sawyer is the appropriate person for this position at a time when important decisions will be made regarding the future direction of Voip-Pal.
About Voip-Pal.com Inc.
Voip-Pal.com, Inc. ("Voip-Pal", "Company") is a publicly traded corporation (OTC Pink: VPLM) incorporated in December of 1997 in the State of Nevada and headquartered in Bellevue, Washington. Voip-Pal is a technical leader in the broadband Voice-over-Internet Protocol ("VoIP") market with the ownership and development of a portfolio of leading edge VoIP Patent Applications. Through its retail website, www.PlatinumPhone.com, Voip-Pal is also a provider of local and long-distance VoIP telephone services for next generation devices including smartphones, tablets and cell phones.
Voip-Pal's primary products are VoIP patent application technology. The Company is currently developing, testing, and administrating the patent process to ultimately license or sell the patents once they have been issued. The addition of Voip-Pal's patent portfolio has immediately advanced Voip-Pal as a technical leader in the VoIP services market which had revenues of $63 billion in 2012 and is experiencing double digit year-over-year growth. The patent application portfolio has greatly enhanced shareholder value and is expected to contribute to significant future revenue growth for Voip-Pal.com as the number of mobile VoIP subscribers is projected to reach 410 million by 2015.
All statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
KEYWORDS: United States North America Washington
The article Voip-Pal Appoints Dr. Thomas E. Sawyer as Chairman of the Board and CEO originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.