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 greg_wood@virnetx.com
VirnetX Holding Corporation
CONTACT: Greg Wood of VirnetX Holding Corporation, +1-831-438-8200,
greg_wood@virnetx.com
Web Site: http://www.virnetx.com/
