HOLMDEL, N.J., Sept. 12 /PRNewswire-FirstCall/ -- Today, Vonage
Holdings Corp. (NYSE: VG) announced that its Chairman and Chief Strategist,
Jeffrey A. Citron, will speak at the Fall 2006 VON Conference on September
12, 2006 at the Boston Convention and Exhibition Center.
Mr. Citron will deliver the Industry Perspective: Mobility in a
Converging World on Tuesday, September 12, 2006, 11:00 a.m., Eastern
Daylight Time. He will be discussing the development of the VoIP industry,
the competitive marketplace and strategy for innovation. He will also
reiterate the company's plan to generate positive adjusted income from
operations as early as the first quarter of 2008.
Use of Non-GAAP Financial Measure
This press release includes a reference to adjusted income from
operations which is a non-GAAP financial measure as determined by the
Securities and Exchange Commission. Although Vonage currently plans to have
adjusted income from operations as early as the first quarter of 2008, we
expect to continue to have a loss from operations (calculated in accordance
with GAAP) at that time. Vonage defines adjusted loss/income from
operations as GAAP loss/income from operations before depreciation and
amortization and non-cash stock compensation expense. Vonage uses adjusted
loss/income from operations as a principal indicator of the operating
performance of our business. Vonage believes that adjusted loss/income from
operations permits a comparative assessment of our operating performance,
relative to our performance based on our GAAP results, while isolating the
effects of depreciation and amortization, which may vary from period to
period without any correlation to underlying operating performance, and of
non-cash stock compensation expense, which is a non-cash expense that also
varies from period to period.
This non-GAAP financial measure should be considered in addition to
GAAP loss/income from operations, but should not be considered a substitute
for, or superior to, GAAP results.
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About Vonage
Vonage (NYSE: VG) is a leading provider of broadband telephone services
with over 2 million subscriber lines. Our award-winning technology enables
anyone to make and receive phone calls with a touch tone telephone almost
anywhere a broadband Internet connection is available. We offer
feature-rich and cost-effective communication services that offer users an
experience similar to traditional telephone services.
Our Residential Premium Unlimited and Small Business Unlimited calling
plans offer consumers unlimited local and long distance calling, and
popular features like call waiting, call forwarding and voicemail -- for
one low, flat monthly rate. Vonage's service is sold on the web and through
national retailers including Best Buy, Circuit City, Wal-Mart Stores Inc.
and Target and is available to customers in the U.S., Canada and the United
Kingdom. For more information about Vonage's products and services, please
visit http://www.vonage.com.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey.
Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary
of Vonage Holdings Corp.
This press release contains a forward-looking statement on adjusted
income from operations. This forward-looking statement is based on
information available at the time the statement is 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 Form 10-Q
for the period ended June 30, 2006, and in our subsequent periodic reports
filed with the SEC.
SOURCE Vonage Holdings Corp.
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Related links:
http://www.vonage.com
CONTACT:
Investors: Craig Streem, +1-732-203-7887,
craig.streem@vonage.com, or Media: Mitchell Slepian,
+1-732-528-2677, mitchell.slepian@vonage.com, both of Vonage
Holdings Corp.
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