VRNG Volume Alert: Vringo Trading Heavy Volume After Announcing Launch of New Version of Facetones

Trading volume for shares of Penny Stock Vringo, Inc. (AMEX: VRNG) are skyrocketing on heavy volume after the company, a provider of software platforms for mobile social and video applications, today announced it has released a new version of Facetones™ customized for the latest mobile devices released by Nokia, the world’s largest manufacturer of mobile phones.

As of 11:30am, shares in VRNG are up 33.62% (+0.39) trading at 1.55 on Volume of 1,747,612 after reaching as high as 1.80 earlier.

The Facetones™ app is integrated with Facebook® and generates an automatic, visually exciting slideshow of photos displaying your friend’s face and other social content each time you communicate with that friend using your mobile device. With Vringo’s latest version of Facetones™, the application is now fully optimized for Nokia’s Symbian^3 operating system, including its latest Anna and Belle extensions, which were released in the second half of 2011.

As the most up-to-date versions to the Symbian^3 operating system, Anna and Belle offer the sleekest user interface and richest on-screen media of any Nokia Symbian device, which enables Vringo’s Facetones™ to offer more comprehensive social app and call experiences for users of the latest Symbian phones, such as the Nokia 603, Nokia 700 and Nokia 701. As part of its launch, the new version of Facetones™ is being rolled out this month to the Nokia Store, as well as major global app stores and content discovery sites worldwide.

“We are pleased to announce our new version of Facetones™ and the enhanced features and compatibility the update brings to Nokia devices,” said Vringo’s CEO, Jon Medved. “The ongoing innovation that Vringo brings to the latest Symbian handsets further solidifies our commitment to delivering best-of-breed video and social experiences to Nokia users around the world, especially in the Middle East, Asia, and Europe.”

Andrew Perlman, Vringo’s President, added “Since 2007, Vringo has developed Symbian versions of its Video Ringtone, Fan Loyalty, and Facetones™ apps for S40, S60, and Symbian^3 devices, potentially reaching over 1 million Nokia users and enhancing many calls along the way.”

Facetones™ is a trademark of Vringo, Inc. and is not sponsored or endorsed by Facebook® nor is Facebook® affiliated with Vringo, Inc.

About Nokia

Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world.

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About Vringo

Vringo (NYSE Amex: VRNG) is a provider of software platforms for mobile social and video applications. With its award-winning video ringtone application and other mobile software platforms – including Facetones™, Video Remix and Fan Loyalty – Vringo transforms the basic act of making and receiving mobile phone calls into a highly visual, social experience. Vringo’s video ringtone service enables users to create or take video, images and slideshows from virtually anywhere and turn it into their visual call signature.

In a first for the mobile industry, Vringo has introduced its patented VringForward technology, which allows users to share video clips with friends with a simple call. Vringo’s Facetones™ application creates an automated video slideshow using friends’ photos from social media web sites, which is played each time a user communicates with a friend using a mobile device.

Vringo’s Video ReMix application, in partnership with music artists and brands, allows users to create their own music video by tapping on a Smartphone or tablet. Lastly, Fan Loyalty is a platform that lets users interact, vote and communicate with contestants in reality TV series that it partners with, as well as downloading and setting clips from such shows as video ringtones.

Vringo’s video ringtone application has been heralded by The New York Times as “the next big thing in ringtones” and USA Today said it has “to be seen to be believed.”

For more information, visit: www.vringo.com

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