Fongo Inc.

Fongo Inc.

May 31, 2012 09:05 ET

Canadian Mobile Start-Up Fongo Inc. Eliminates Need for Voice Plans

- Fastest growing mobile company in Canada by subscriber -

- Tracking to 1.0 million customers and over $100 million in savings -

- Turning iPads, iPods and smartphones into free mobile calling platforms -

CAMBRIDGE, ONTARIO--(Marketwire - May 31, 2012) -

Editors Note: There is a photo associated with this press release.

Ontario based start-up Fongo Inc., whose backers include VC firm Tech Capital Partners, and a handful of storied Canadian investors, have become Canada's fastest growing mobile telecommunication company.

Fongo has successfully installed its free calling applications on hundreds of thousands of smart phones and devices and foresees over one million Canadian subscribers to their products by the end of 2012. Fongo's popular free calling mobile phone app - Dell Voice became the #1 social networking app in the Apple App Store, shortly after launching in February. By the end of 2012, approximately one in seven smartphones in Canada will be using Fongo as a voice and messaging platform.

Fongo's suite of free calling platforms are on track to save Canadians over $100 million by offering free calling and free premium services like voicemail and call display. Fongo works by routing calls over the user's Wi-Fi or 3G data connection, eliminating the need for expensive voice minutes. Fongo users have reported saving between $10 to $80 a month on their mobile bills by eliminating the costs for domestic, long distance, local airtime minutes, and voice mail fees.

Fongo's mobile apps feature a free Canadian phone number, free local and long distance calling, free voice mail, free call display and are available in all Canadian provinces and on Apple iPhones, Android smartphones and iPod/iPad devices. Fongo's support for BlackBerry smartphones will be released end of June 2012.

Fongo is closely affiliated with Fibernetics, a VoIP based CLEC (Competitive Local Exchange Carrier), which chose to spin out Fongo after discovering the demand for its free calling app through a regional beta test.

Dave Bullock, President of Fongo said, "Fongo is the first company to solve the puzzle of how to offer free calling, and how to do it profitably. The response from Canadians has been overwhelming and highlights the huge appetite for reducing or eliminating mobile phone bills in this country. Our latest iPhone free calling app was installed on nearly four per cent of all iPhones in Canada, after only 90 days, and we've only scratched the surface of what Fongo will be releasing in coming months."

Harvey Carroll, president of Grip Limited and a Fongo Advisory Board Member said, "Fongo has created a customer adoption platform that is catching the attention of some of the most coveted brands in North America. With Fongo, a new and highly intuitive media was born out of perhaps one of the oldest, not to mention most expensive utilities out there - the phone. Fongo is providing consumers with exceptional value and a great experience. With the incredible number of users switching to their various apps, they are undoubtedly disrupting the marketplace."

John Stix, Chief Marketing Officer of Fongo stated, "We are well on our way to hitting north of a billion mobile page views based on our rate of customer adoption and are preparing to launch new products and platform enhancements. Giving our partners the ability to connect with our customer base increases the user experience, and continues to drive the cost of communications to zero. We are already saving our customers hundreds of dollars a year, which translates into an intense amount of loyalty." Stix added, "Our partners are chosen based on what the average Canadian consumes each and every day - technology, a vacation, groceries and so on and by providing savings, goodwill gets put back into the brand responsible for delivering it."

About Fongo Inc.

Fongo Inc. is a next generation digital communication platform that delivers the end of voice costs for smartphones in Canada. Fongo's application works on any iPhone, Android based phone and soon, BlackBerry. Users receive a new Canadian telephone number, free long distance calling to most Canadian cities, unlimited airtime, voice mail, caller ID and many more free features. The Fongo voice platform is supported with a sophisticated ad media delivery platform and in-house intellectual property that ensures a content rich user experience while potentially saving the user hundreds of dollars per year on voice costs. Fongo enjoys privileged access to Fibernetics, a Canadian CLEC that owns and operates its own coast-to-coast network in Canada. For more information visit:

www.fongo.com

www.fibernetics.ca

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20120530-fongo_iPhone8.jpg.

Contact Information

  • Press Inquiries:
    NKPR
    Michelle Dias
    Account Executive
    (416) 365-3630 extension 222