SOURCE: GoIP Global Inc

GoIp Global Inc

November 19, 2010 15:15 ET

GoIP Global (GOIG) Acquires Interest in Cloud Computing Company

NEW YORK, NY--(Marketwire - November 19, 2010) -  GoIP Global, Inc. (PINKSHEETS: GOIG) (FRANKFURT: 3GG) announced today that it acquired an interest in Add-on Exchange Inc., an SEC reporting company. Add-on Exchange Inc. has filed 2 patents, application numbers 20070180055 and 2070174143, that relate to cloud computing. Terms of the transaction can be found in Add-on Exchange Inc.'s 8k filing. http://www.sec.gov/Archives/edgar/data/1415600/000116552710000795/g4471.txt

Cloud computing is Web-based processing, whereby shared resources, software, and information are provided to computers and other devices on demand. Cloud computing is a paradigm shift following the shift from mainframe to client-server in the early 1980s. Details are abstracted from the users, who no longer have need for expertise in, or control over, the technology infrastructure "in the cloud" that supports them. Cloud computing describes a new supplement, consumption, and delivery model for IT services based on the Internet, and it typically involves over-the-Internet provision of dynamically scalable and often virtualized resources. It is a byproduct and consequence of the ease-of-access to remote computing sites provided by the Internet. This frequently takes the form of web-based tools or applications that users can access and use through a web browser as if it was a program installed locally on their own computer. Typical cloud computing providers deliver common business applications online that are accessed from another Web service or software like a Web browser, while the software and data are stored on servers. A key element of cloud computing is customization and the creation of a user-defined experience.

Most cloud computing infrastructures consist of services delivered through common centers and built on servers. Clouds often appear as single points of access for consumers' computing needs. Commercial offerings are generally expected to meet quality of service (QoS) requirements of customers, and typically include service level agreements (SLAs). The major cloud service providers include Salesforce, Amazon and Google. Some of the larger IT firms that are actively involved in cloud computing are Fujitsu, Microsoft, Hewlett Packard, IBM, and VMware.

Ike Sutton, GoIP Global, CEO, commented, "This acquisition of Add-on Exchange Inc. and its patents bring substantial value to GoIP not only for its potential licensing revenue, when the patents are approved but as a strategic partner for GoIP. Cloud computing is the future of mobile communications applications and we are excited to be involved."

About GoIP Global, Inc. and GO800, LLC
GoIP Global offers a range of services, solutions and tools for brands, agencies, content providers, online portals, entertainment and media companies. GoIP Global offers brand and content customers great flexibility in creating mobile marketing campaigns and applications. Through its subsidiary GO800, LLC, GO800™, a new patent pending text messaging service, which launched in 2010, enables advertisers to incorporate a text prompt in their advertisements, prompting consumers to contact them through a text message rather than calling a 1-800 toll free number. For More Information visit www.goipglobal.com, www.go800corp.com or www.facebook.com/go800. To hear GoIP's weekly recorded update TEXT GOIG to 46800.

Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.'s control. In addition to those discussed in GoIP Global, Inc.'s press releases, public filings, and statements by GoIP Global, Inc.'s management, including, but not limited to, GoIP Global, Inc.'s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.'s ability to raise additional capital to fund future operations, GoIP Global, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact Information

  • Contact:
    Equiti Trend
    Investor Relations
    1-800-953-3350

    Mina Mar Group
    Investor Relations
    1-647-426-1640