Vringo, Inc. : VRINGO SUBSIDIARY I/P ENGINE FILES NOTICE OF APPEAL IN LITIGATION WITH AOL, GOOGLE ET AL.

    Vringo, Inc. : VRINGO SUBSIDIARY I/P ENGINE FILES NOTICE OF APPEAL IN
                      LITIGATION WITH AOL, GOOGLE ET AL.

Motions for Supplemental Damages and Ongoing Royalties Remain Pending in U.S.
                                District Court

NEW YORK - April 4, 2013 - Vringo, Inc. (NYSE MKT: VRNG), a company engaged in
the innovation,  development  and  monetization  of  mobile  technologies  and 
intellectual property, today  announced that its  wholly-owned subsidiary  I/P 
Engine, Inc. has filed a notice of appeal in its litigation against AOL, Inc.,
Google, Inc., IAC  Search &  Media, Inc.,  Gannett Company,  Inc., and  Target 
Corporation (collectively,  "Defendants").  I/P  Engine's  notice  of  appeal 
applies to  matters related  to  laches and  the  jury's calculation  of  past 
damages.

I/P Engine has engaged Joseph  R. Re, Esq., a partner  at the law firm  Knobbe 
Martens Olson &  Bear LLP,  as counsel for  proceedings at  the United  States 
Court of Appeals for  the Federal Circuit.  Attorneys from Dickstein  Shapiro 
LLP, trial counsel to I/P Engine, remain engaged.

Background

On November  6, 2012,  a jury  in  United States  District Court  in  Norfolk, 
Virginia ruled in favor of I/P  Engine and against Defendants with respect  to 
Defendants' infringement of the asserted claims of U.S. Patent Nos.  6,314,420 
and 6,775,664.  After  upholding the  validity  of the  patents-in-suit,  and 
determining that the asserted claims of the asserted patents were infringed by
Defendants, the jury found that reasonable royalty damages should be based  on 
a "running royalty," and  that the running royalty  rate should be 3.5%.  I/P 
Engine presented evidence at trial that  the appropriate way to determine  the 
incremental  royalty  base  attributable  to  Google's  infringement  was   to 
calculate 20.9% of Google's  U.S. AdWords revenue, then  apply a 3.5%  running 
royalty rate  to that  base. The  jury also  awarded I/P  Engine a  total  of 
approximately $30.5 million as past damages. On November 20, 2012, the  clerk 
entered judgment  on  the verdict.  On  April  3, 2013,  the  District  Court 
resolved all of the pending motions for judgment as a matter of law and for  a 
new trial  on damages.  Certain matters  remain pending  before the  District 
Court, as described below.

Notice of Appeal

I/P Engine has filed a Notice of Appeal, appealing to the United States  Court 
of Appeals for the Federal Circuit the final judgment entered by the  District 
Court on April 3, 2013. I/P Engine is appealing the District Court's November
20, 2012 ruling that the doctrine of laches barred I/P Engine from  recovering 
damages for any  infringements by  Defendants occurring  before September  15, 
2011, the date on which I/P Engine  filed suit. I/P Engine is also  appealing 
the District Court's April  3, 2013 ruling denying  I/P Engine's Motion for  a 
New Trial on the Dollar Amount of Past Damages.

Ongoing Activity in U.S. District Court

On November 9, 2012, I/P  Engine filed a Motion  for an Award of  Pre-Judgment 
Interest, Post-Judgment Interest  and Supplemental Damages.  This motion  has 
been fully briefed and is ripe for judicial determination.

On December 18, 2012, I/P Engine filed a Motion for an Award of  Post-Judgment 
Royalties. On April 3, 2013, the District Court ordered Defendants to respond
within fifteen (15) days. I/P Engine will  then be permitted to file a  reply 
to Defendants' response within seven (7) days, at which point, the motion will
be ripe for judicial determination.

In this  motion,  I/P Engine  has  requested  that the  District  Court  order 
Defendants to pay ongoing running royalties for their continuing  infringement 
of I/P Engine's  patents from  November 20,  2012, the  date of  the entry  of 
judgment on the verdict, until either (i) Defendants cease their  infringement 
or (ii) April 4, 2016, the expiration date of the patents.

I/P Engine argued that the Court should conclude that an upward adjustment to
a 5% running royalty rate for Defendants' ongoing post-judgment infringement
is appropriate. I/P Engine's damages expert, Dr. Stephen Becker, also reached
the conclusion that there is no reason to depart downward from the 5% royalty
rate because the patents are known to be valid and the patented technology is
acknowledged to be "mission critical" for Google.

Further,  I/P  Engine   argued  that  Defendants'   ongoing  infringement   is 
undisputedly willful  because Defendants  are fully  aware that  their use  of 
AdWords has been adjudged to infringe all of the asserted claims of the  valid 
and enforceable  patents-in-suit. Therefore,  I/P Engine  requested that  the 
District Court enhance the ongoing royalty rate to 7% in light of  Defendants' 
ongoing willful infringement.

Finally, I/P Engine requested that the District Court order that, among  other 
things, Defendants pay ongoing royalties to I/P Engine on a quarterly basis in
certified funds or by  wire transfer, accompanied  by a statement  certifying, 
under penalty of perjury, the U.S. revenue attributable to Defendants' use  of 
AdWords and the calculation of the royalty amount.

A copy of I/P Engine's motion is available online at http://bit.ly/UPYkFh.

Additional Information

The case is styled  I/P Engine, Inc. vs.  AOL Inc. et al.,  and is pending  in 
U.S. District Court for  the Eastern District  of Virginia, Norfolk  Division. 
The case number is 2:11cv512RAJ. The  court docket for the case is  publicly 
available  on  the  Public  Access   to  Court  Electronic  Records   website, 
www.pacer.gov, which  is operated  by the  Administrative Office  of the  U.S. 
Courts.

About Vringo, Inc.

Vringo, Inc. is  engaged in  the innovation, development  and monetization  of 
mobile technologies and intellectual property. Vringo's intellectual property
portfolio consists  of  over  500 patents  and  patent  applications  covering 
telecom infrastructure, internet search, and mobile technologies. The patents
and patent  applications have  been developed  internally, and  acquired  from 
third parties.  Vringo operates  a global  platform for  the distribution  of 
mobile  social  applications  and  services.  For  more  information,  visit: 
www.vringoIP.com.

Forward-Looking Statements

This  press  release  includes   forward-looking  statements,  which  may   be 
identified by words such as "believes," "expects," "anticipates," "estimates,"
"projects,"  "intends,"  "should,"  "seeks,"  "future,"  "continue,"  or   the 
negative of  such  terms,  or other  comparable  terminology.  Forward-looking 
statements are statements that are not historical facts. Such forward-looking
statements are subject to  risks and uncertainties,  which could cause  actual 
results to  differ materially  from the  forward-looking statements  contained 
herein. Factors that could cause actual results to differ materially include,
but are not  limited to: our  inability to license  and monetize our  patents, 
including the outcome of the litigation against online search firms and  other 
companies; our inability to monetize and recoup our investment with respect to
patent assets that  we acquire;  our inability  to develop  and introduce  new 
products  and/or   develop  new   intellectual  property;   new   legislation, 
regulations or court rulings related to enforcing patents, that could harm our
business and operating results; the  inability to realize the potential  value 
created by the merger with  Innovate/Protect for our stockholders;  unexpected 
trends  in  the  mobile  phone  and  telecom  infrastructure  industries;  our 
inability to  raise additional  capital to  fund our  combined operations  and 
business plan; our inability  to maintain the listing  of our securities on  a 
major securities  exchange; the  potential lack  of market  acceptance of  our 
products; potential  competition  from  other  providers  and  products;  our 
inability to retain key  members of our management  team; and other risks  and 
uncertainties and other  factors discussed from  time to time  in our  filings 
with the  Securities and  Exchange Commission  ("SEC"), including  our  annual 
report on Form 10-K filed  with the SEC on  March 21, 2013. Vringo  expressly 
disclaims any  obligation to  publicly update  any forward-looking  statements 
contained herein, whether  as a result  of new information,  future events  or 
otherwise, except as required by law.

Contacts

Investors and Media:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein@vringoinc.com

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Source: Vringo, Inc. via Thomson Reuters ONE
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