VirnetX's Potential Licensing Revenue in Billions of Dollars, Says Larry Oakley of WallStreetCorner.com Investment Newsletter
26 January 2010 - 9:36AM
PR Newswire (US)
Company's Growth Pattern Compared to Microsoft and Intel SCOTTS
VALLEY, Calif., Jan. 25 /PRNewswire-FirstCall/ -- Larry Oakley,
editor and publisher of the WallStreetCorner.com investment
newsletter (http://www.wallstreetcorner.com/), an international
investment newsletter published in South Carolina and distributed
to investors in 96 countries, in his January 2010 issue stated, "If
one looks ahead to VirnetX Holding Corporation's (NYSE Amex: VHC)
(http://www.virnetx.com/) potential licensing revenue, based on its
number of possible customers & its number of licensing
products, I feel that VHC's licensing program can be described as
having a potential of many billions of dollars." VirnetX, a secure
real-time communications and collaboration technology company, was
recently named "Stock Pick of 2010" by the KonLin Letter
(http://www.konlin.com/), a New York-based investment newsletter
published by KonLin Research & Analysis. VHC was listed among
the "Best Performing Stocks" for the week ending January 16, 2010
by the NASD100.com-Daily Stock Rankings (http://www.nasd100.com/).
The Dick Davis Digest's January 6, 2010 issue
(http://www.dickdavis.com/; Volume 29, Issue 662) featured VHC
among the "Stock Picks of 2010". "VHC has outstanding appreciation
potential in my opinion," stated Oakley. "It is taking advantage of
several universal trends that are growing exceptionally fast, even
in this unusual economy. I see the situation as one having the type
of growth that companies like MICROSOFT & INTEL had beginning
when they were just starting their growth. This is one of the very
few situations that will, in my opinion, move ahead with great
vigor. My opinion is that this situation will move to almost a
double -- about $7.00 within the next 12-month period." To see the
full report go to http://www.wallstreetcorner.com/stockpick.html.
Dawson James Securities, an institutional research firm based in
Boca Raton, Florida, recently reported in its Institutional
Research Technology Company Update dated January 7, 2010
(http://www.dawsonjames.com/) that VHC "has also benefited from
several strong stock recommendations and references in leading
financial publications. We are maintaining our BUY rating on VHC
due to strong stock and development momentum." The firm initiated
coverage of VHC on December 2, 2009 with a $6 Price Target. About
VirnetX VirnetX Holding Corporation, based in Scotts Valley, CA, is
engaged in commercializing its patent portfolio, derived from a
Central Intelligence Agency (CIA) security project, 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 48 U.S. and international patents
and pending applications that pertain to LTE/4G security
specifications and provide the foundation for the Company's unique
GABRIEL Connection Technology. For more information, please visit
http://www.virnetx.com/. 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," 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 and most recently in the Company's Quarterly Report on
Form 10-Q filed with the SEC on November 9, 2009. Contact: Greg
Wood VirnetX Holding Corporation 831.438.8200 DATASOURCE: VirnetX
Holding Corporation CONTACT: Greg Wood of VirnetX Holding
Corporation, +1-831-438-8200, Web Site: http://www.virnetx.com/
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