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TMCNet:  magicJack appoints new president and CEO

[December 31, 2012]

magicJack appoints new president and CEO

Dec 31, 2012 (Datamonitor via COMTEX) -- magicJack VocalTec, Ltd., a provider of voice over internet protocol, or VoIP, products, has announced the appointment of Gerald Vento as president and CEO.

Mr Vento is a telecom executive with more than three decades of experience. He founded TeleCorp PCS, Inc., a public US wireless services company, in 1996. Mr Vento has been a director of magicJack since 2008 and became chairman of the board in April 2012.


Founder Daniel Borislow stated, "Jerry and Donald are proven winners and the Board and I agree that they will be the best CEO and Chairman to maximize shareholder value and realize magicJack's vast potential. I am more of a startup and invention guy; Jerry and Don have the ability and the track record running successful public companies. Jerry will do a tremendous job building more organization into the company, putting together a sound strategy, and working with the investment community to add more tier one analysts and meet the requisite requirement of meeting with investors more frequently.

"I have never been prone to heeding others' advice or, for that matter, genuinely interested in other people's opinions, and that style may be viewed as one not benefiting a public company. Time will not tell. The Company is fortunate to have the perfect person for the CEO job, someone who has been part of our growth strategy since 2008. So the Dan Borislow show is coming to an end and a new era begins. I look forward to the change and thank Jerry for the passion he brings and sacrifice he will make over the coming years for the benefit of the shareholders." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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