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Vringo (AMEX: VRNG): The Standout This Week

A number of the companies I have reported on in the last week have had great news, but it hasn't yielded many big moves in the stocks. For example, Axion International (OTC BB: AXIH)- the manufacturer of high grade construction materials made from recycled plastic announced it received three new purchases for its railway ties in Australia.

Recent idea Auri International (OTC BB: AURI) - the red hot Orange County shoe manufacturer, announced it is experiencing strong demand for its Fall line, and buyers will be able to find their new products in stores next month. This stock has made several tries to punch through $.70- which would be a new high since my first edition.

I suspect investor response to these great news announcements has been a bit muted as we're dealing with the doldrums of summer, and of course everyone's watching the President and Congress turn the credibility of US Treasuries into a political football game. Talk about all time lows- I suspect voter faith in Congress is pretty close to an all time low.

However, Vringo- the Video Ring tone company I have reported on several times, wins as the standout for the week, and the stock price has reflected the company's achievements by trading up nicely.

The best of the bunch came out today after the market closed, so there might be even more upside in this stock after yesterday's meteoric rise in volume.

A Little Refresher Course

My May 1st edition was entitled "Watching My Cell Phone Ring", and it was my first feature on this company. VRNG, which trades on the AMEX, has developed the technology of "pushing a video ringtone" to the party you are calling.

We all have phones that have lots of cool features. One common feature is assigning different ring tones to different callers. When my wife calls my phone, I hear a certain song. Ringtones were all the rage in the markets a few years ago, and many stocks traded very well on that technology.

Vringo has developed video push ring tone technology. Here's how it works. You either create a video, or use one from a library of movie clips. You assign that video to someone you are calling. When you call that person they see your video instead of hearing a ring tone. Very Cool!!!!

After two years of development, the service was launched in May in India and made available to 750 million cell phone users through 15 different cell phone carriers.

We started out great with this one at $1.80 as the stock traded to $2.60 in about 7 trading days. A very nice trade.

However, June was a tough month for the company as the stock cratered when VRNG received a deficiency notification from AMEX and was given some time to satisfy their continued listing requirements.

Investors abandoned the stock, and it traded to a low of $1- would that we had all bought some then, because that was the steal of the year. Of course- you had to believe some good stuff would happen.

Lots happened this week. I'm re energized on this situation, and believe the stock can trade back to its August of 2010 IPO price of $3.50.

Vringo (AMEX: VRNG): What a Week

Think you had a good week- how about VRNG- let's go down a list of the stuff that has happened this week.

On Monday, VRNG announced the plan it submitted on June 23rd to the NYSE/AMEX to comply with its listing standards was accepted by the exchange, and they have been granted an extension to complete the compliance plan by Sept 30.
On Tuesday, VRNG announced two very prominent Venture Capital firms invested $2.5 million in the company through a convertible note with a 1.25% annual interest rate. This capital will likely allow VRNG to complete its requirements under its plan for AMEX.
Along with the funding, VRNG announced it had signed an LOI to acquire another technology platform.
Yesterday, VRNG announced it had designed a custom remix video platform for the iPad which was used at the Coachella Music and Arts Festival. The remix application was developed for Heinieken as part of their promotion efforts at the event.

All in all, between the restoration of the listing, the investment of $2.5 million by two prominent VC firms, and the announcement from Heineken, it's been a great week for shareholders of VRNG.

But wait, it gets better.

Today, after the market closed, VRNG announced a major new deal, rounding out what I would consider to be a fantastic week and suggesting there could be a lot more upside in the stock.

Let's start with a question. Do you know who Telephonica (NYSE: TEF) is? You guessed it- the 4th largest wireless company in the world. Telefonica delivers $92 billion in annual revenues, operates in 25 countries, and has 290 million customers. The company's services are available in the Spanish and Portuguese speaking markets globally.

Today, just after the market closed, VRNG announced it has inked a deal with an intermediary company- BlueVia- to market the Vringo video ring tones as Moblie Apps through the Telefonica App store.

The technology automate slide show derived from the user's Facebook page that will serve as an automated ring tone.

Simplifying the technical mumbo jumbo- simply put, VRNG's video ring tone technology is now available as an APP to the 290 million Telephonica customers.

This is simply gigantic in market terms. Here's the chart:

As you can see, we had a nice go of it on May 1st when the stock traded from my entry level of $1.80, and made a brief visit to $2.60. Yesterday was by far the highest volume day in the stock's history. There was a giant red bar as the stock traded in a huge range on over 1 million shares. It spiked and reversed.

It traded another 147,000 shares today.

Yesterday huge volume and price spike shows there's tremendous interest in this story. AMEX listing restored. Cash in bank restored. All in all, it looks very favorable for further upside.

Couple this with today's huge post close news which you can read below, and we could be setting up for another big move that might take the stock back into the $2 range.

Here's today's news for your review. Watch out tomorrow.

Vringo Launches Facetones with BlueVia, the New Global Developer Platform of Telefonica, World's Fourth Largest Mobile Operator

Launch Facilitated and Promoted in Multiple Global Markets by BlueVia for Telefonica's App Stores

Press Release Source: Vringo, Inc. On Thursday July 28, 2011, 4:05 pm

NEW YORK--(BUSINESS WIRE)-- Vringo, Inc. (NYSE Amex: VRNG), a provider of software platforms for mobile social and video applications, today announced it has launched its Facetones product for Android users together with BlueVia, the new global software developer platform of Telefonica, the largest mobile operator in the Spanish speaking world, and fourth largest globally. Facetones will be initially available on Telefonica's Application Store (Mstore) in several global markets. The Facetones launch is being facilitated and promoted by BlueVia.

Vringo's Facetones product creates an automated video slideshow using friends' photos from social networks and then plays this video slideshow each time a user makes or receives a call. Facetones will initially connect with Facebook®, the world's leading social media site, providing for a significantly enhanced mobile experience for users of social media. The company expects to integrate Facetones with other social networks and photo sites in the near future. Facetones will be offered initially in an ad-supported version and later for purchase.

"This announcement is another milestone for Vringo," said Andrew Perlman, Vringo's President. "Telefonica is a mobile carrier heavyweight in both Europe and South America, and an excellent partner for our rapidly expanding Facetones service. This is the first time our products will be distributed in Spanish speaking markets, which we believe will be a large growth opportunity for our services."

Telefonica has one of the most international profiles in the telecom sector with more than 60% of its business outside its home market of Spain and is a dominant presence in the Spanish and Portuguese speaking markets worldwide. It operates in 25 countries and as of March 2011 Telefonica's total number of customers exceeded 290 million.

Mr. Perlman continued, "Our Facetones application was launched using Telefonica's new BlueVia developer community, which provided us with a single platform to work across Telefonica's global footprint. This led to an exceptional development environment, as well as the seamless integration of our product with their advertising API's and their Movistar app store, making us eager to work more closely with BlueVia on future projects."

"We are delighted that BlueVia could play such an important role in bringing Vringo's services to our customers," said James Parton, Head of BlueVia Marketing at Telefonica. "We are committed to ensuring BlueVia provides a simple and frictionless path to market for companies like Vringo and I'm looking forward to working with their team on additional marketing opportunities over the coming months."

Vringo offers a range of fully-hosted mobile social and video platforms for partners and consumers. Vringo's award winning video ringtone platform is now currently deployed with international partners in eight 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 France-Presse.

Facetones is a trademark of Vringo, Inc. and is not sponsored or endorsed by Facebook nor is Facebook affiliated with Vringo, Inc.

About BlueVia

BlueVia is the new global developer platform from Telefonica that helps developers take apps, web services, and ideas to market. BlueVia is built on four founding principles: Scale, Tools, Business Models, and Path to Market. BlueVia offers ground breaking, zero risk, business models for developers, along with 'mix & match' models to create multiple revenue streams. For more information, documentation and video tutorials, go to www.bluevia.com

About Vringo

Vringo (NYSE Amex: VRNG) is a leading provider of software platforms for mobile video services and video ringtones. With its award-winning video ringtone application and other mobile software platforms, Vringo transforms the basic act of making and receiving mobile phone calls into a highly visual, social experience. Vringo's core mobile application, which is compatible with more than 400 handsets, 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 has been heralded by The New York Times as "the next big thing in ringtones" and USA Today said Vringo's application has "to be seen to be believed." Vringo has launched its service with various international mobile operators, holds licensing deals with over 40 major content partners and maintains a library of more than 12,000 video ringtones for users in various territories. For more information, visit: http://ir.vringo.com.

For more information about how video ringtones work, visit: www.vringo.com.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. 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 from the forward-looking statements. 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.

Contact:

Company Contact:
Vringo, Inc.
Jonathan Medved, CEO
646-525-4319 x 2501
jon@vringo.com
or
Financial Communications:
Trilogy Capital Partners, Inc.
Darren Minton, President
Toll-free: 800-592-6067
info@trilogy-capital.com
or
For BlueVia Press and Media Enquiries:
33 Digital
BlueVia@33-digital.com
@33Digital
+44 (0)20 7608 2500