magicJack Appoints Gerald T. Vento as President and CEO Effective January 1; Founder Daniel Borislow to Lead New Marketing and

magicJack Appoints Gerald T. Vento as President and CEO Effective January 1;
Founder Daniel Borislow to Lead New Marketing and Product Development
Initiatives

Board Member Donald Burns to Become Chairman of the Board

WEST PALM BEACH, Fla., and NETANYA, Israel, Dec. 28, 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®, today announced the appointment of Gerald T. Vento as
President and Chief Executive Officer effective January 1, 2013. Mr. Vento is
a seasoned telecom executive with more than three decades of experience and a
strong industry track record. Notably, he founded TeleCorp PCS, Inc., a
public U.S. wireless services company, in 1996. As Chairman and CEO, he grew
TeleCorp's annual revenue to $1.1 billion and sold the company to AT&T
Wireless for $5.7 billion in 2002. Mr. Vento has been a Director of magicJack
since 2008 and became Chairman of the Board in April 2012. In connection with
Mr. Vento's new role, current Board Member Donald Burns, also an experienced
and successfulpublic telecom company founder and CEO, will assume the role of
Chairman of the Board.

Daniel Borislow stated, "Jerry and Donald are proven winners and the Board and
I agree that they will be the best CEO and Chairman to maximize shareholder
value and realize magicJack's vast potential. I am more of a startup and
inventionguy; Jerry and Don have the ability and thetrack record running
successfulpublic companies. Jerry will do a tremendous job buildingmore
organization into the company, putting together a sound strategy,and working
with the investment communityto add more tier one analysts andmeet the
requisite requirement of meeting with investors more frequently. I have never
been prone to heeding others' advice or, for that matter, genuinely interested
in other people's opinions, and that style may be viewed as one not benefiting
a public company. Time will not tell. The Company is fortunate to have the
perfect person for the CEO job, someone who has been part of our growth
strategy since 2008. So the Dan Borislow show is coming to an end and a new
era begins. I look forward to thechange and thank Jerry for the passion he
brings andsacrificehe will make over the coming years for the benefit of the
shareholders."

Mr. Vento said, "Dan has done a remarkable job in creating
anotherfirst-of-its-kind companywith unlimited potential.Hecontinues
todevelop and invent cutting-edge products and engineer our highly successful
marketing programs with a team that has been with him for over 20 years. He
has recruited a highly motivated and talentedstaff that will be the
foundation on which we continue to grow.Dan has skillfully led the company
from its inception to the solid position it is in today and I am grateful to
him for this opportunity to bring my skills to bear and build on his
accomplishments. I intend for Dan and other shareholders to begin to get more
credit from the investment community for the Company's future significant
growth prospects and its excellent balance sheet. The great thing about
magicJack is that many people want to hear more about our exciting story and I
look forward to telling it."

Mr. Borislow will be holding his last conference call today at 10:00 a.m. ET.
Mr. Vento will lead future conference calls for investors. Conference call
details are as follows:

U.S. Toll Free: 1.877.810.3370

International: +1.708.290.1372

Conference ID: 85149375

This press release contains forward-looking statements that involve
substantial risks and uncertainties. All statements, other than statements of
historical facts, contained in this press release, including statements about
our projected revenues, cash flows, strategy, future operations, new product
introductions and customer acceptance, future financial position, future
revenues, projected costs, prospects, plans and objectives of management, are
forward-looking statements. Many factors could cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements. These factors include, among other things: changes
to our business resulting from increased competition; any operational or
cultural difficulties associated with the continuing integration of the
businesses of VocalTec and YMax; potential adverse reactions or changes to
business relationships resulting from the completion of the merger; unexpected
costs, charges or expenses resulting from the merger; the ability of the
combined Company to achieve the estimated potential synergies or the longer
time it may take, and increased costs required, to achieve those synergies;
our ability to develop, introduce and market innovative products, services and
applications; our customer turnover rate and our customer acceptance rate;
changes in general economic, business, political and regulatory conditions;
availability and costs associated with operating our network; potential
liability resulting from pending or future litigation, or from changes in the
laws, regulations or policies; the degree of legal protection afforded to our
products; changes in the composition or restructuring of us or our
subsidiaries and the successful completion of acquisitions, divestitures and
joint venture activities; and the various other factors discussed in the "Risk
Factors" section of our Annual Report on Form 10-Kand other filings with
the Securities and Exchange Commission. Such factors, among others, could have
a material adverse effect upon our business, results of operations and
financial condition. We do not assume any obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

magicJack® is a registered trademark of magicJack VocalTec Ltd. All other
product or company names mentioned are the property of their respective
owners.

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
http://www.globenewswire.com/newsroom/prs/?pkgid=8568

CONTACT: Kari Hernandez, INK for magicJack
         magicjack@ink-pr.com

company logo
 
Press spacebar to pause and continue. Press esc to stop.