VirnetX Holding Corp. Confirmed as Secure Communications Leader by Independent Research Paper Update

VirnetX Holding Corp. Confirmed as Secure Communications Leader by Independent
                            Research Paper Update

Report details Significant Opportunity with Apple iPhones/iPads and 4G
Wireless

PR Newswire

LOS ANGELES, Dec. 10, 2012

LOS ANGELES, Dec. 10, 2012 /PRNewswire/ --A detailed update to an independent
equity research report for VirnetX Holding Corporation (VHC)(AMEX: VHC) is now
available at www.vhcreport.com. San Gabriel Fund is releasing the 29-page
report entitled "VirnetX: A Post-Verdict Update." The report outlines several
recent developments of VirnetX including a $368.2 million jury verdict in the
company's favor and reaffirms that VirnetX owns technology central to the
next-generation of telecommunications networks. In the report, author J.P.
Moreno describes significant revenue opportunities for VirnetX and provides an
update to his sum-of-parts analysis. The researcher analyzes key events
surrounding the company's legal proceedings, market opportunities, and
business strategy going forward.

Key highlights:

  oDetailed analysis of the $368.2 million jury verdict against Apple and
    status of additional patent-infringement lawsuits against the biggest
    company in the world.

  oUpdated examination of the company's intellectual property in light of new
    information revealed during litigation testimony. 

  oExpanded monetization model that details multiple revenue streams
    including iOS product royalties, 4G product licensing, and secure domain
    services licensing. Also detailed are royalty rates for existing licensing
    agreements.

  oTechnology overview that breaks down iMessage and FaceTime applications
    and illustrates how these programs intersect the VirnetX patent portfolio.

About J.P. Moreno:

J.P. Moreno is an independent researcher and professional engineer with both
bachelor's and master's degrees. The report reflects over a decade of
intellectual property investment research and networking experience. For
further information including disclaimers please see report. Additional
information may be requested by email: info@vhcreport.com

About San Gabriel Fund:

San Gabriel Fund, LLC is a private investment fund headquartered in Los
Angeles, California.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of any
securities of VHC in any state in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state.

Disclaimer:

This research report constitutes private research and is for informational
purposes only and the opinions of the author herein are strictly intended for
reading only by those persons to whom it is or has been directly released by
the author. The data and analysis contained herein are provided "as is" and
without representation or warranty of any kind, either expressed or implied.
San Gabriel Fund and the author make no representation or claim guaranteeing
the accuracy of any opinions or information.Neither San Gabriel Fund, the
author, nor his agents nor any third party data provider, shall have any
liability of any nature whatsoever for any loss of whatever nature sustained
by any person or entity which has relied on the information or analysis
contained in this publication. You should always obtain reliable current
information and perform your own due diligence before investing or
trading.You bear responsibility for your own investment research and trading
decisions and this publication does not serve as a substitute or endorsement
for either and the author disclaims all responsibility and liability in
connection therewith. Always seek the advice of a qualified securities
professional before making any investment. This is not an investment
recommendation and the data, and analysis based upon the data, may be subject
to error despite best efforts. All opinions expressed herein are subject to
change without notice.

Section 17(b) of the Securities Act of 1933 requires that any person that uses
the mails to publish, give publicity to, or circulate any publication or
communication that describes a security in return for consideration received
or to be received directly or indirectly from an issuer, underwriter, or
dealer, must fully disclose the type of consideration (i.e. cash, free trading
stock, restricted stock, stock options, stock warrants) and the specific
amount of the consideration. In connection therewith, San Gabriel Fund, LLC
and/or J. P. Moreno have received the following consideration and/or otherwise
has ownership in the securities of the Profiled Company, as follows:

(a)San Gabriel Fund, LLC and a related fund own approximately 2 million
shares of VirnetX Holding Corp. common stock. San Gabriel Fund, LLC is not
receiving any compensation from VirnetX in connection with the release and/or
dissemination of this report.

(b)J.P. Moreno independently prepared this report. However, after the report
was completed, San Gabriel Fund, LLC paid J.P. Moreno $3,000 for the right to
view the report and publish its findings. J.P. Moreno also received
compensation from others in connection with their right to view this report.
J.P. Moreno is not receiving any compensation from VirnetX in connection with
the release and/or dissemination of this report.

SOURCE San Gabriel Fund

Contact: J.P. Moreno, info@vhcreport.com, +1-415-857-4126