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Press Release -- December 28th, 2012
Source: magicJack VocalTec
Tags:

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, news, filings) (the "Company"),
the Voice Experts and cloud communications leader that invented voice
over IP (VoIP) and sold over ten million magicJacks(R), 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 successful public 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 invention guy; Jerry and Don have the ability and
the track record running successful public companies. Jerry will do a
tremendous job building more organization into the company, putting
together a sound strategy, and working with the investment community to
add more tier one analysts and meet 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 the change
and thank Jerry for the passion he brings and sacrifice he will make
over the coming years for the benefit of the shareholders."

Mr. Vento said, "Dan has done a remarkable job in creating another
first-of-its-kind company with unlimited potential. He continues to
develop 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 talented staff
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-K and 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(R) 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

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