Vringo Says Remains Confident in Licensing, Litigation and Innovation Strategies

Vringo, Inc.

today issued a statement to shareholders. "We remain confident in our licensing, litigation and innovation strategies.  Management remains committed to rebuilding shareholder value and confidence," said Andrew Perlman, Chief Executive Officer of Vringo. "Given the exceptionally low historical odds of being heard at the Supreme Court, we believe that the decline in today's share price does not accurately reflect the change in Vringo's underlying value." "The decision by the Supreme Court does not have any effect on the over 600 patents and applications in Vringo's patent portfolios. We continue our global litigation against ZTE, which remains unaffected by today's decision, and which to date, has achieved positive results and rulings in many countries around the world. While ZTE is a large player in the telecommunications infrastructure and handset industries, it represents a small percentage of the revenue that is generated from sales of those products." "In addition, we continue to develop intellectual property in other areas.  Recently, Vringo's Akadiri portfolio, which relates to content distribution, expanded after the U.S. Patent &