Market Alert: Facebook’s $100 Billion Valuation IPO Puts Spotlight on Vringo (VRNG) Feb 16, 2012 by Ray Dirks
Facebook’s $100 Billion Valuation IPO Puts Spotlight on Vringo – Where Mobile Apps meet Social Media
Backed by investors who funded Twitter, Yelp, and eBay
By Ray Dirks
It’s turning out to be quite an exciting time for Vringo (NYSE Amex: VRNG), the New York based company that provides software platforms for mobile social and video applications. The company is poised to have its best year yet with several new initiatives resulting in the company being tapped as one of the tech stock to watch in 2012.
Vringo has signed Agreement with Facebook® that agreement covers Vringo’s official use of the Facetones™ Mark and Domain Name.
Already on deck for Vringo is their arrangement with ZTE Corp. putting Vringo ‘s Facetones app on all Android handsets manufactured by ZTE, the largest handset maker in China. Announced in November, 2011, this deal puts Vringo in the hands of a very eager mobile audience excited to experience Facetones, an App that integrates with Facebook. Vringo’s app is one of the first ZTE has decided to embed on their mobile Android handsets.
Facetones displays a full screen photo of a user’s Facebook friends whenever the user is called or the user makes an outgoing call. Facetones generates an exciting slideshow of photos and social content each time a user communicates with friends via their mobile device. Building on their success, Vringo has plans to expand past Facebook and integrate with other social networks and photo sites.
Vringo also recently announced the inclusion of Facetones in the Apple App Store. All together, the app has just surpassed one million downloads in less than six months, making it a very successful venture for the company. Initially launched in beta version, Vringo has already updated the app to include enhanced text messaging, putting Facetones squarely on the radar for the enormous mobile messaging market. Originally designed for mobile calls, the exciting Facetones dynamic is now being replicated when text messages are received.
Additionally, the demand for Facetones has been so large that Vringo has launched a new version that has been customized for the latest Nokia Mobile devices, the world’s largest manufacturer of mobile handsets. The app is fully optimized for Nokia’s Symbian ^3 operating system, including Anna and Belle, the latest extensions which provides the sleekest interface and richest on-screen media for the very best user experience.
With Facebook’s 100 Billion valuation and upcoming IPO, investors are paying extra-close attention to specialized stocks such as Vringo. There is tremendous enthusiasm for companies that have built out their business on Facebook that shows no sign of dissipating.
Vringo, which was founded in 2006, has a strong financial outlook, bringing in thee million dollars in a warrant exercise. The company’s investors include Benchmark Capital, whose investments consist of Twitter, Yelp, eBay, GrubHub, ofoto and more. Vringo has four million dollars in cash and no debt, remaining solvent and competitive.
Vringo has smartly tapped in to a market that desires a social experience before, during and after a phone call, which Facetones provides. Attention-grabbing photos, events and stories can now be shared verbally and digitally at the same time. As mobile continues to grow with a seeming unstoppable momentum, Vringo has secured a tight and successful grip on the landscape.
Disclosure:
The information contained in this Report contains forward-looking statements relating to the developments of the featured company’s products, services and future operating results or the future of the market. Statements contained in writing or in interviews are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.
The words “believe,”, “expect,” “intend,” “anticipate,” variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect performance include, but are not limited to, those factors that are discussed in each Company’s most recent reports and/or registration statements filed with the Securities and Exchange Commission. Visitors to this Internet Site are cautioned not to place undue reliance on these forward-looking statements. These statements have not been independently verified by the officers, directors or employees of Corporate Profile, LLC .com.
The information on this Internet Site has been submitted by journalists and analysts or provided by the companies contained herein or other sources believed to be reliable. Corporate Profile, LLC has not independently verified the information provided to it by third parties. Each individual should perform his or her own independent analysis before investing. The information contained herein is neither an offer nor a solicitation to buy any of the securities of the companies contained herein. Investing in securities is speculative and contains a high element of risk.
Market Alert: Facebook’s $100 Billion Valuation IPO Puts Spotlight on Vringo (VRNG) Feb 16, 2012 by Ray Dirks
Facebook’s $100 Billion Valuation IPO Puts Spotlight on Vringo – Where Mobile Apps meet Social Media
Backed by investors who funded Twitter, Yelp, and eBay
By Ray Dirks
It’s turning out to be quite an exciting time for Vringo (NYSE Amex: VRNG), the New York based company that provides software platforms for mobile social and video applications. The company is poised to have its best year yet with several new initiatives resulting in the company being tapped as one of the tech stock to watch in 2012.
Vringo has signed Agreement with Facebook® that agreement covers Vringo’s official use of the Facetones™ Mark and Domain Name.
Already on deck for Vringo is their arrangement with ZTE Corp. putting Vringo ‘s Facetones app on all Android handsets manufactured by ZTE, the largest handset maker in China. Announced in November, 2011, this deal puts Vringo in the hands of a very eager mobile audience excited to experience Facetones, an App that integrates with Facebook. Vringo’s app is one of the first ZTE has decided to embed on their mobile Android handsets.
Facetones displays a full screen photo of a user’s Facebook friends whenever the user is called or the user makes an outgoing call. Facetones generates an exciting slideshow of photos and social content each time a user communicates with friends via their mobile device. Building on their success, Vringo has plans to expand past Facebook and integrate with other social networks and photo sites.
Vringo also recently announced the inclusion of Facetones in the Apple App Store. All together, the app has just surpassed one million downloads in less than six months, making it a very successful venture for the company. Initially launched in beta version, Vringo has already updated the app to include enhanced text messaging, putting Facetones squarely on the radar for the enormous mobile messaging market. Originally designed for mobile calls, the exciting Facetones dynamic is now being replicated when text messages are received.
Additionally, the demand for Facetones has been so large that Vringo has launched a new version that has been customized for the latest Nokia Mobile devices, the world’s largest manufacturer of mobile handsets. The app is fully optimized for Nokia’s Symbian ^3 operating system, including Anna and Belle, the latest extensions which provides the sleekest interface and richest on-screen media for the very best user experience.
With Facebook’s 100 Billion valuation and upcoming IPO, investors are paying extra-close attention to specialized stocks such as Vringo. There is tremendous enthusiasm for companies that have built out their business on Facebook that shows no sign of dissipating.
Vringo, which was founded in 2006, has a strong financial outlook, bringing in thee million dollars in a warrant exercise. The company’s investors include Benchmark Capital, whose investments consist of Twitter, Yelp, eBay, GrubHub, ofoto and more. Vringo has four million dollars in cash and no debt, remaining solvent and competitive.
Vringo has smartly tapped in to a market that desires a social experience before, during and after a phone call, which Facetones provides. Attention-grabbing photos, events and stories can now be shared verbally and digitally at the same time. As mobile continues to grow with a seeming unstoppable momentum, Vringo has secured a tight and successful grip on the landscape.
Disclosure:
The information contained in this Report contains forward-looking statements relating to the developments of the featured company’s products, services and future operating results or the future of the market. Statements contained in writing or in interviews are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.
The words “believe,”, “expect,” “intend,” “anticipate,” variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect performance include, but are not limited to, those factors that are discussed in each Company’s most recent reports and/or registration statements filed with the Securities and Exchange Commission. Visitors to this Internet Site are cautioned not to place undue reliance on these forward-looking statements. These statements have not been independently verified by the officers, directors or employees of Corporate Profile, LLC .com.
The information on this Internet Site has been submitted by journalists and analysts or provided by the companies contained herein or other sources believed to be reliable. Corporate Profile, LLC has not independently verified the information provided to it by third parties. Each individual should perform his or her own independent analysis before investing. The information contained herein is neither an offer nor a solicitation to buy any of the securities of the companies contained herein. Investing in securities is speculative and contains a high element of risk.