HOLMDEL, N.J., June 8, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Today, Vonage Holdings Corp., a leading Internet telephony provider in North America, announced the Federal Trade Commission (FTC) has concluded their investigation into Vonage's 911 disclosures and compliance, informing the company it will not pursue any formal action against the Company on the 911 disclosure and compliance issues.
In January 2005, the FTC opened an informal investigation into Vonage's 911 and telemarketing compliance efforts. Upon conclusion of the 911 portion of the investigation, the Company is continuing to provide additional information in connection with the FTC's telemarketing review.
Vonage (NYSE: VG) is a pioneer in the Internet telephony industry. The award winning Vonage(R) service is sold on the web and through national retailers. For more information about Vonage's products and services please visit http://www.vonage.com. Vonage Holdings Corp. is headquartered in Holmdel, New Jersey.
Statements in this press release that are not historical facts or information may be forward-looking statements. These forward-looking statements are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include, but are not limited to, our history of net operating losses and our need for cash to finance our growth; the competition we face; our dependence on our customers' existing broadband connections; differences between our service and traditional phone services, including our 911 service; uncertainties relating to regulation of VoIP services; system disruptions or flaws in our technology; our ability to manage our rapid growth; the risk that VoIP does not gain broader acceptance; and other factors described in our registration statement on Form S-1, as amended, and in our subsequent periodic reports filed with the SEC.
Mitchell Slepian of Vonage, +1-732-528-2677, firstname.lastname@example.org
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