VRINGO ANNOUNCES CHANGES TO BOARD OF DIRECTORS
(Thomson Reuters ONE) -
Noel J. Spiegel Joins Vringo Board of Directors
H. Van Sinclair Appointed Lead Independent Director
Seth "Yossi" Siegel Has Rotated Off Board of Directors
NEW YORK - May 8, 2013 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the
innovation, development and monetization of mobile technologies and intellectual
property, today announced that Noel J. Spiegel has been elected to the Company's
Board of Directors where he will serve as chair of the Audit Committee. H. Van
Sinclair will serve as lead independent director. Seth "Yossi" Siegel, non-
executive Chairman, has rotated off the Company's Board of Directors to focus on
other personal and professional interests.
"I am pleased to welcome Noel to Vringo's Board of Directors. We believe that
Noel's tenure of over forty years at Deloitte & Touche LLP, coupled with his
experience on public company boards of directors, will benefit Vringo as we
continue to grow and execute on our business plan," said Andrew D. Perlman,
Chief Executive Officer of Vringo. "I would like to thank Yossi for his years
of dedication and service to Vringo. Yossi was a founding investor and provided
wise counsel on an array of matters through these years," Mr. Perlman continued.
"I am honored to join Vringo's Board of Directors," said Mr. Spiegel. "The
management team has moved quickly and strategically to accomplish a significant
amount since early 2012. I believe that the company has a solid foundation for
future growth and a strong portfolio of assets."
"It has been a pleasure being involved with Vringo from its very first day. I
leave the Board after these many years certain that the management team and
Board of Directors have never been stronger," said Mr. Siegel.
About Noel J. Spiegel
Mr. Spiegel is currently a director of American Eagle Outfitters, Inc., where he
serves as chairman of the Audit Committee and a member of the Compensation
Committee, as well as a director of Radian Group, Inc., where he serves as a
member of the Audit Committee.
Mr. Spiegel was a partner at Deloitte & Touche LLP, where he practiced from
September 1969 until his retirement in May 2010. In his over forty year career
at Deloitte, he served in numerous management positions, including Deputy
Managing Partner, member of the Executive Committee and Partner-in-Charge of
Audit Operations in Deloitte's New York Office. Mr. Spiegel also served as
Managing Partner of Deloitte's Transaction Assurance practice, Global Offerings
and International Financial Reporting Standards practice, and Technology, Media
and Telecommunications practice for the Northeast Region.
Mr. Spiegel holds a B.S. from Long Island University, and attended the Advanced
Management Program at Harvard Business School.
About H. Van Sinclair
Mr. Sinclair has served as a director of Vringo since July 19, 2012, the closing
of Vringo's merger with Innovate/Protect, where he previously served as a
director.
Since 2003, Mr. Sinclair has served as President, Chief Executive Officer and
General Counsel of The RLJ Companies, the investment company organized by Robert
L. Johnson, the founder of Black Entertainment Television. Mr. Sinclair has
also served as a director of Urban Trust Bank, a federal thrift headquartered in
Orlando, Florida, where he chaired the Audit Committee.
Prior to joining The RLJ Companies, Mr. Sinclair specialized in complex
commercial disputes and litigation for 28 years with the Washington, D.C. based
law firm Arent Fox, PLLC. In the late 1990s, Mr. Sinclair became the partner in
charge of litigation at Arent Fox, and today remains of counsel to the firm.
Mr. Sinclair holds a Bachelor's degree in mathematics and a Master's degree in
business administration from the University of Rochester, and a Juris Doctor
degree from The George Washington University.
About the Vringo Board of Directors
Donald E. Stout has served as a director since July 19, 2012, the closing of
Vringo's merger with Innovate/Protect, where he previously served as a director.
In a career spanning over forty years, Mr. Stout has been involved in virtually
all facets of intellectual property law. Mr. Stout has been a senior partner at
the law firm of Antonelli, Terry, Stout and Kraus, LLP since 1982. In addition,
Mr. Stout is the co-founder of NTP Inc., which licensed Research in Motion
(RIM), the maker of the Blackberry handheld devices, for $612.5 million to
settle a patent infringement action.
Ashley C. Keller has served as a director since December 31, 2012. Mr. Keller is
a co-founder and Chief Investment Officer of Gerchen Keller Capital, LLC, a
private investment firm formed to invest in complex commercial legal claims.
Earlier in his career, Mr. Keller was a partner at Bartlit Beck Herman
Palenchar & Scott LLP, where he handled various trial and appellate matters
involving securities and patent cases, contractual disputes, and mass-tort class
actions. Before practicing law, Mr. Keller clerked for Judge Richard Posner at
the United States Court of Appeals for the Seventh Circuit and Justice Anthony
Kennedy at the Supreme Court of the United States.
John Engelman has served as a director of Vringo since December 2010. In January
2008, Mr. Engelman co-founded Boomerang Media LLC, a company that specializes in
the acquisition and global licensing of entertainment brands comprised of
evergreen television and motion picture libraries and underlying character-based
intellectual property.
Andrew D. Perlman, Chief Executive Officer; Alexander R. Berger, Chief Operating
Officer and Secretary; and Andrew "Ken" Lang, Chief Technology Officer and
President are also members of the Board of Directors.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
mobile technologies and intellectual property. Vringo's intellectual property
portfolio consists of over 500 patents and patent applications covering telecom
infrastructure, internet search, and mobile technologies. The patents and
patent applications have been developed internally, and acquired from third
parties. Vringo operates a global platform for the distribution of mobile
social applications and services. For more information, visit:
www.vringoIP.com.
Forward-Looking Statements
This press release includes forward-looking statements, which may be identified
by words such as "believes," "expects," "anticipates," "estimates," "projects,"
"intends," "should," "seeks," "future," "continue," or the negative of such
terms, or other comparable terminology. 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
materially from the forward-looking statements contained herein. Factors that
could cause actual results to differ materially include, but are not limited to:
the inability to realize the potential value created by the merger with
Innovate/Protect for our stockholders; our inability to raise additional capital
to fund our combined operations and business plan; our inability to monetize and
recoup our investment with respect to patent assets that we acquire; our
inability to maintain the listing of our securities on NASDAQ; the potential
lack of market acceptance of our products; our inability to protect our
intellectual property rights; potential competition from other providers and
products; our inability to license and monetize the patents owned by our
subsidiaries, including the outcome of the litigation against online search
firms and other companies; our inability to monetize and recoup our investment
with respect to patent assets that we acquire; and other risks and uncertainties
and other factors discussed from time to time in our filings with the Securities
and Exchange Commission ("SEC"), including our annual report on Form 10-K filed
with the SEC on March 21, 2013. 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.
Contacts:
Investors and Media:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein(at)vringoinc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
[HUG#1700246]
Unternehmensinformation / Kurzprofil:
Datum: 08.05.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 257710
Anzahl Zeichen: 10098
contact information:
Town:
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Kategorie:
Business News
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