VANCOUVER, BC, CANADA – August 17, 2010 – Voice Mobility International, Inc. (the “Company”) (VMY, VMII and FWB: VMY), a Vancouver-based developer and provider of carrier and enterprise messaging solutions, today announced the revocation of all cease trade orders issued against the company and that it will file an application to begin trading on NEX.
The Company also announced that it has completed Cdn$160,000 and an additional US$95,000 of its secured convertible debt offering. The debt is secured by all of the assets of the Company and has a maturity of one year, interest of 10% per annum, and, subject to the Company being listed on the TSX Venture Exchange or similar exchange, the ability to convert into units (each, a “Unit”) at a conversion price of $0.05 per unit. Each Unit consists of one common share of the Company and one additional common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.10 for a period of 24 months from the date of conversion. The securities offered will not be or have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Voice Mobility
Voice Mobility develops and markets its unified communications product line to enterprise, campus and hosted customers. Our product line includes highly scalable Voicemail, Unified Communication, Fax Service, Interactive Voice Response, and Auto-Attendant applications, as well as unique features like Emergency Event Notification, Mobile Client functionality, Presence, Speech applications and Desktop integration with industry leading software providers. Migration options are available allowing the transfer of messages and data from legacy OCTel® messaging servers. For more information, call Jay Hutton at 250-978-5051 or visit www.voicemobility.com.