Widener University Alumnus Establishes Memorial Scholarships to Honor Victims
of Sandy Hook Elementary School Shooting
Dan Borislow, Chief Executive Officer of magicJack, Inventor of magicJack(TM)
Encourages CEOs Nationwide to Establish Similar Funds at Their Alma Maters
Using Their Annual Bonuses
WEST PALM BEACH, Fla. and NETANYA, Israel, Dec. 21, 2012 (GLOBE NEWSWIRE) --
magicJack VocalTec, Ltd. (Nasdaq:CALL) (the "Company"), the Voice Experts and
cloud communications leader that invented voice over IP (VoIP) and sold over
ten million magicJacks^®, announced today through a generous donation by
magicJack from one of their alumni Dan Borislow, Widener University has
established three full memorial scholarships to honor victims of the tragic
shooting at Sandy Hook Elementary School in Newtown, Connecticut. The siblings
of those lost in the tragedy and dependents of the adults who lost their lives
will be eligible for the scholarships, which will cover all costs over four
years should they be accepted to Widener University.
"It is a constant education process that will be used to help heal the
survivors and this education should obviously be provided at no cost," said
Borislow, Chief Executive Officer at magicJack. "I hope that my act inspires
other CEOs and leaders in the business community to develop comparable
endowments at their alma maters. I have foregone my entire bonus to help
enable magicJack to make this donation. If there ever was a time to give, now
is the time. If each CEO would donate just one scholarship to their alma
maters we would have this covered."
"I was deeply moved when Dan reached out to me in the wake of this tragedy to
establish memorial scholarships to honor the victims of Sandy Hook Elementary
School," said Widener President James T. Harris III."Dan's desire to directly
provide these students with the gift of education and encourage others to
establish similar funds at their alma maters is a testament to the leadership
and civic engagement mission that is instilled in our students and personified
by Dan Borislow."
In addition to the three full scholarships that Borislow's donation will fund,
Harris announced that the university would fund a fourth full scholarship. The
scholarships will be available up to 20 years, or until all four scholarships
are awarded. Eligible students may apply for the scholarship beginning in fall
2013. The last year of eligibility will be the 2032-33 academic year.
Interested applicants are encouraged to contact Widener University at
610-499-4123 for more information.
Borislow has been in the telecommunications industry for more than 20 years
and is recognized for pioneering and inventing the development of breakthrough
technologies such as the magicJack^TM. MagicJack^TM is a free telephone
service with over 11 million distributed. Most recently, magicJack^TM was
recognized with the most prestigious award for best
voice-over-internet-protocol (VoIP) service in terms of quality, price, value
and ease of use. Borislow's generous philanthropic efforts have supported
numerous children's and women's causes.
About magicJack VocalTec Ltd.
magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of VoIP including the
softphone and magicJack, has the goal of becoming the leading international
provider of global voice over many platforms. The Company has achieved sales
of over ten million of the easy-to-use, award-winning magicJack since the
device's launch in 2008, and has the use of over 30 patents, some dating to
when the Company invented VoIP. It is the largest reaching CLEC (Competitive
Local Exchange Carrier) in the United States in terms of area codes available
and certification in number of states, and the network has historically had
uptime of over 99.99 percent.
The VocalTec Communications Ltd. logo is available at
The magicJack VocalTec Ltd. logo is available at
CONTACT: Investor Relations
Andrew MacInnes, President
INK Public Relations for magicJack
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