Vonage Out Of NYSE's Penalty Box

HOLMDEL, N.J. -- Vonage Holdings Corp. (NYSE:VG - News) today announced that last Friday, the New York Stock Exchange (the "NYSE") provided early approval for Vonage's return to full compliance with NYSE listing standards for market capitalization. This approval came several months earlier than required and is a result of Vonage's sustained, positive financial performance consistent with the business plan the Company presented to the NYSE in March of 2009. As of March 12, 2010, the Company's market capitalization was $286 million.

"We are very pleased with the NYSE's decision to return the company to compliance in an accelerated fashion," said Marc Lefar, Chief Executive Officer of Vonage Holdings Corp. "We believe this reflects the company's strong financial performance through a challenging economic environment. Looking ahead, we expect to continue to launch new products and mobile applications while aggressively pursuing growth opportunities in the international long distance market."

Vonage Holdings Corp. (NYSE: VG)