Independent Financial Newsletter Puts Stock Target at “Low Teens”
SCOTTS VALLEY, Calif. – December 23, 2009 – VirnetX Holding Corporation (NYSE Amex: VHC), a secure real-time communications and collaboration technology company, today announced that it has been selected as the Featured Stock of the Month for December, 2009, by “The KonLin Letter,” a 27 year old independent, financial newsletter. This is an unsolicited and unpaid evaluation of VirnetX, performed by KonLin Research.
“It is indeed an honor to be chosen as Featured Stock of the Month by such a well established, prestigious financial newsletter,” said Kendall Larsen, VirnetX President and CEO. “The KonLin Letter has a remarkable record for providing accurate technical and fundamental analysis. The fact that they are subscriber based and don’t get compensated by stocks they feature only adds to their credibility.”
Highlights from The KonLin Letter include:
VHC has 23 U.S. and International (Europe, Japan and Australia)
patents (with 28 more pending) in their portfolio and each patent
has a range of 40-60 claims tied to it. These patents are essential
to 4G and long-term evolution wireless security standards. One
of the patents covers VHC’s ability to build a virtual private
network (VPN) across the internet in real-time that automatically
and completely secures a communication, ensuring its privacy
and allowing access to that communication only to specifically
The VHC advantage is its ownership of the key patents that
is the foundation of the collaborative communications arena.
VHC expects to derive the majority of their revenue from license
fees and royalties associated with these patents. In addition,
with the recent award of two key patents, VHC plans to establish
and run a Secure Domain Name Registry. These dynamic patents
expand VHC’s exclusive rights to set up and run such service
to enable automated secure connections across the Internet.
Ultimate target low-teens.
To read the complete KonLin Letter analysis of VirnetX, go to http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjMxMzV8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
The opinions expressed in “The KonLin Letter” are those of the analyst and not of VirnetX Holding Corporation. VirnetX does not accept responsibility for the accuracy of any of the information or statements contained in this report. For information provided by VirnetX with respect to its business and business prospects, as well as associated risks with an investment in VirnetX’s stock, please see the Company’s reports filed with the Securities and Exchange Commission, copies of which are available at www.sec.gov and also on the Company’s website www.virnetx.com
About “The KonLin Letter”
“The KonLin Letter” is a unique service that recommends 5 low priced selections each month including a featured stock of the month, and reviews 30-35 different stocks while monitoring a broad range of technical indicators for the best possible Market Timing Advice. For more information go to www.konlin.com
VirnetX Holding Corporation, a secure real-time communications and collaboration technology company, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. The Company’s patent portfolio includes over 25 U.S. and foreign patents and pending applications which specifically cover the Company’s unique GABRIEL Connection Technology. For more information, please visit http://www.virnetx.com/stagingarea.
Safe Harbor Agreement
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” “prepared to,” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with the Securities and Exchange Commission, including those under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2009.
VirnetX Holding Corporation