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Vonage Names Timothy G. Smith to Interim President of Vonage Network Inc.

2 July 2006

Vonage Holdings Corp., (NYSE: VG), a leading provider of broadband telephone services, today announced the promotion of Timothy G. Smith to Interim President of Vonage Network Inc. Vonage CTO Louis Mamakos -- who previously served as President of Vonage Network -- will now serve solely as Vonage's CTO, freeing him to focus on more strategic initiatives.


As Interim President of Vonage Network, Tim will oversee all of Vonage's network and systems operations globally and manage Vonage Network's staff.


Before joining Vonage in July 2005 as SVP of Network and Systems Infrastructure, Tim worked in various management roles for leading technology companies and organizations including Sun Microsystems Inc., UUNET Technologies Inc. and Wayport, Inc.


"We are thrilled to be promoting from within as we continue to shape our organization and are excited about Tim's new critical role with Vonage," said Vonage CEO Mike Snyder. "Tim has 20 years of experience designing, deploying, operating and maintaining Internet service delivery systems. Vonage will continue to benefit from his demonstrated record of leadership of technical teams and commitment to customer service."


(vg-a)


About Vonage


Vonage (NYSE: VG) is a pioneer in the Internet telephony industry. The award winning Vonage(R) service is sold on the web and through national retailers. Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. For more information about Vonage's products and services, please visit http://www.vonage.com or call 1-VONAGE-HELP. Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.


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Statements in this press release that are not historical facts or information may be forward-looking statements. These forward-looking statements are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include, but are not limited to, our history of net operating losses and our need for cash to finance our growth; the competition we face; our dependence on our customers' existing broadband connections; differences between our service and traditional phone services, including our 911 service; uncertainties relating to regulation of VoIP services; system disruptions or flaws in our technology; our ability to manage our rapid growth; the risk that VoIP does not gain broader acceptance; and other factors described in our registration statement on Form S-1, as amended, and in our subsequent periodic reports filed with the SEC.

Source: prnewswire


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