Modavox, Inc. (OTCBB: MDVX) announced its newly enhanced broadcast platform through their new websites for both of their Live Internet Talk Radio networks, VoiceAmerica (http://www.voiceamerica.com) and World Talk Radio (http://www.worldtalkradio.com). The new sites will attract and engage new listeners with added functionality while retaining the features that listeners love from the current sites. Additional new features include multiple weblinks so that show hosts can maximize traffic to their business and social networking sites; more featured shows and guests, increasing this section by over eight times what was previously featured; larger featured show and sponsor banners; and optional video capability for all talk show hosts on the network.
Modavox, Inc. (OTCBB: MDVX) announced that the Company has named Shelly J. Meyers as Chairwoman of its board of directors. David J. Ide, Modavox Chief Executive Officer stated, "We were pleased when Shelly joined our board back in November. To have her now accept the Chairwoman role gives us further cause for optimism. Anyone who reads Shelly's list of accomplishments will immediately know why we are thrilled to have her taking a more active role with the board. Her intelligence, experience, track record of success and network of contacts are all assets we believe will materially enhance our ability to further build shareholder value.
Modavox, Inc. (OTCBB: MDVX) announced that the Company has added John M. Devlin, Jr. to its board of directors. Mr. Devlin has been in the investment and asset management business for over 23 years. Before retiring from J.P. Morgan Investment Management, he was a Senior Portfolio manager for ten years, responsible for directing investment activity, providing pension asset and liability advice as well as tactical and strategic portfolio management for institutional relationships with over $44 billion in assets. Mr. Devlin was also the Committee Chairman for client portfolio guidelines, compliance and performance review for J.P. Morgan accounts with an asset size over $200 billion. Throughout his career at J.P. Morgan, Mr. Devlin worked in all aspects of the investment and asset management business in areas such as fixed income trader and portfolio manager.
Modavox, Inc. (OTCBB: MDVX) announced that as of January 2009, the Company had an excess of 15 million unique visitors to the Company's patented advertising platform called the Stream Syndicate. Stream Syndicate(TM) the Company's new advertising platform, adopted by customers including WTVG (ABC O&O) Toledo, Quincy Newspapers with thirteen ABC, CBS, NBC television affiliates and two newspaper operations, Village Voice Media with thirty five community newspapers including well known New Times and Village Voice publications, and Gannet's Arizona Daily Star and Tucson Citizen, Black Hills Pioneer's South Dakota News Network, and West Virginia Media's network television affiliates are amongst others that contributed to the significant growth reaching over 15 million unique visitors as of Jan 31, 2009.
Modavox, Inc. (OTCBB: MDVX) announced that the Company has executed a purchase agreement to acquire a majority share of Augme Mobile(TM) (www.augmemobile.com), a leader in mobile marketing solutions and services. Augme Mobile will continue to operate its first-of-a-kind interactive mobile marketing platform for top global consumer brands. Augme Mobile, based in New York City, offers the first and only comprehensive Web-based marketing platform that provides marketers, brands and advertising agencies the ability to create, deliver, manage and track interactive marketing campaigns targeting mobile consumers through traditional print advertising channels.
Modavox, Inc. (OTCBB: MDVX) announced that it has filed an action against AOL LLC, Time Warner, Inc. and Platform-A, Inc. in the United States District Court for the Central District of California (Case No. CV08-05914 SJO PJWx), asserting they are infringing on United States Patent No. 6,594,691, "Method and System for Adding Function to a Web Page," and United States Patent No. 7,269,636, a continuation of the original patent that further defines the invention assigned to Modavox. The complaint amended a claim against AOL for trademark infringement, Unfair Competition and False Designation of Origin in connection with AOL's use of THE BOOMBOX designation, which is alleged to be confusingly similar to Modavox's registered trademark BOOMBOX RADIO. Modavox is seeking injunctive relief and as yet unspecified damages stemming from the alleged infringing activities. David Ide, Chief Executive Officer of Modavox stated, "This action was originally brought in response to an unwelcome perceived infringement of our BoomBox trademark, specifically the unauthorized commercial, for-profit use, copying, display and distribution of our trademark brand name BoomBox. This mark is central to our product and service offerings and we went through great lengths and effort to obtain, preserve and market this brand only to have to protect it from what we believe to be a clear infringement of this brand and its hard fought equity, by AOL. This coupled with our belief that our patented technologies are being infringed across Platform A has left us with no choice but to take this action along with our team in California Federal District Court."
Modavox, Inc. (OTCBB: MDVX) announced that the Company has negotiated a modified fee agreement with its legal counsel, Shaub and Williams LLP in the matter of Modavox, Inc. v. Tacoda, Inc. David J. Ide, Modavox Chief Executive Officer stated, "We're pleased that Shaub and Williams has voluntarily elected to receive equity in Modavox as consideration for their services in our ongoing patent infringement suit against Tacoda. This mutually-beneficial agreement serves the needs of management and our shareholders. By alleviating the cash outlay associated with this suit, we are able to allocate valuable cash resources towards additional growth opportunities. Aside from the current patent litigation, management, its bankers and its board continue to explore strategies that may leverage the resources offered with a national law firm should the company decide to further protect its Intellectual Property by targeting identified infringers. Our focus continues to remain squarely on creating value for our shareholders."
