SOURCE: GoIP Global, Inc.

GoIP Global,  Inc.

August 09, 2011 21:35 ET

GOIP Updates Shareholders

GOCOM Spinoff Record Date -- July 29, 2011

NEW YORK, NY--(Marketwire - Aug 9, 2011) - GOIP Global, Inc. (PINKSHEETS: GOIG) announced today that the spinoff of GOCOM Corporation (formerly Go800 LLC) has been completed with a record date of July 29, 2011.

Per the spin-off, shareholders of GOIP common stock will receive a dividend of one (1) share of common stock of GOCOM for each 625 shares of GOIP common stock ("Distribution Ratio") owned as of the close of business on July 29, 2011 (the "Record Date"). No distribution will be made of one (1) share or less; instead, shareholders who would be entitled to receive one (1) share of GOCOM common stock or less will receive a cash payment of $3.00. The stock dividend is expected to be distributed by January 1, 2012.

All shareholders will be sent an Information Statement which will be posted on Pink Sheets on August 10, 2011. The Information Statement will address most questions shareholders may have.

GOIP's audited financials for the year ending September 30, 2010 and 2009 as well as the June 30, 2011 Quarterly Report will be posted on Pink Sheets the week of August 15.

On Thursday, August 25, the company's CEO will have a shareholder's conference call outlining the future plans for GOIP Global. More information about the conference call, time and number to follow.

About GoIP Global, Inc.

GoIP Global offers a range of mobile media 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. For more information visit www.goipglobal.com.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping-up production of our new products; the rapid development of new technology and competing products that may impair demand or render GoIP's products obsolete; and other factors discussed in GoIP's filings with the Pink Sheet Exchange.

Contact Information

  • GoIP Global, Inc. Investor Relations:
    Brendan Magone
    Email Contact
    1-307-399-2507