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magicJack surpasses 100,000 paid mobile app subscribers

WEST PALM BEACH, Fla. and NETANYA, Israel, June 03, 2016 (GLOBE NEWSWIRE) -- magicJack VocalTec, Ltd (Nasdaq:CALL), a leading cloud-based communications company, announced today that it recently surpassed 100,000 paid mobile app subscriptions.

To promote continued growth in paid mobile app subscriptions, magicJack launched a new mobile app called magicJack Connect in May 2016. The magicJack Connect app is available on both the iOS and Google platforms. The new app offers consumers free worldwide app-to-app Wi-Fi calling and messaging, as well as unlimited calling to the U.S. and Canada from anywhere in the world plus a U.S. phone number for $9.99 per year. Unlimited texting to U.S. mobile phones is expected to be included in the U.S. subscription plan for the app within the next 45 days.

Other offers available on the magicJack Connect app include unlimited international calling plans for as low as $6.99 per month from select countries, the ability to purchase local phone numbers from over 40 countries, and the ability to purchase international calling credits for consumers that prefer pay-as-you-go options. On-net VoIP calls on the app are encrypted, providing secure communications, and also utilize wideband OPUS codec, providing superior voice quality.

In May 2016, magicJack terminated free mobile app calling to the U.S. and Canada for users that are not either active magicJack device subscribers or paid mobile app subscribers.

About magicJack VocalTec Ltd.

magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of magicJack and a pioneer in Voice over IP (VoIP) technology and services, is a leading cloud communications company. With its easy-to-use, low cost solution for telecommunications, the Company has sold more than 10 million award-winning magicJack devices, now in its third generation, and holds more than 30 technology patents. magicJack is the largest-reaching CLEC (Competitive Local Exchange Carrier) in the United States in terms of area codes available and number of states in which it is certified.

In March 2016, magicJack VocalTec Ltd. Acquired Broadsmart, a leading hosted UCaaS (Unified Communication as a Service) provider for medium-to-large multi-location enterprise customers. Broadsmart has a track record of designing, provisioning and delivering complex UCaaS solutions to blue chip corporate customers on a nationwide basis. Broadsmart has expertise in servicing enterprises with hundreds-to-thousands of locations.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, contained in this press release, including statements about continued growth in paid mobile app subscriptions, our launch of the magicJack Connect app, the various options that the magicJack Connect app offers, and our expectation regarding the timing of the availability of the unlimited texting to U.S. mobile phones offering. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. These factors include, among other things: our ability to successfully monetize our magicJack Connect app and market it globally; our customer turnover rate and our customer acceptance rate; changes to our business resulting from increased competition; changes in general economic, business, political and regulatory conditions; availability and costs associated with operating our network and business and our ability to control costs; potential liability resulting from pending or future litigation, or from changes in the laws, regulations or policies; the degree of legal protection afforded to our products; and the various other factors discussed in the "Risk Factors" section of our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Such factors, among others, could have a material adverse effect upon our business, results of operations and financial condition. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

INVESTOR RELATIONS CONTACT: Seth Potter 561-749-2255 ir@vocaltec.com

Source:magicJack VocalTec Ltd.

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