VHC,
Should recover a great deal of today's losses.
VirnetX to Appeal or Re-file to Clarify a Procedural Discrepancy in its Complaint Against Apple with the ITC
VirnetX™ Holding Corporation (NYSE Amex: VHC), a secure real-time communications and collaboration technology company, announced that on July 18, 2012, the Administrative Law Judge assigned to investigate the complaint, filed by its wholly-owned subsidiary, VirnetX, Inc., with the United States International Trade Commission (ITC) against Apple Inc., has identified a procedural discrepancy with the complaint filed by VirnetX that will impact the scheduling of the investigation. VirnetX disagrees with this finding and intends to appeal and/or re-file the complaint with the ITC as necessary. The Company feels that this does not have any impact on the merits of our complaint with the ITC or the two cases pending in the Eastern District of Texas.
"We look forward to a quick resolution to this procedural issue and presenting the merits of our case to the judge," said Kendall Larsen, VirnetX CEO and President.
About VirnetX
VirnetX Holding Corporation is an Internet security software and technology company with patented technology for 4G LTE security. The Company's software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smartphones, eReaders and video conferencing. The Company's patent portfolio includes 20 U.S. and 26 international patents and over 100 pending applications. For more information, please visit www.virnetx.com.
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