Vringo Portfolio Investment Achieves Significant Milestone

NEW YORK - September 28, 2015 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the innovation, development and monetization of intellectual property, today announced that Infomedia Services Limited has been ranked in the Annual Sunday Times Hiscox Tech Track 100 Programme. Vringo has an 8.25% ownership in Infomedia, which it acquired in the first quarter of 2014.

"I am proud that Infomedia Group has been selected in the prestigious Tech Track 100. This achievement has been made possible by our incredible team around the world who continue to innovate and deliver our technology for our partners. Vringo has greatly helped formulate our IP strategy and expand our reach globally," said Michael Tomlins, Chief Executive of Infomedia Group.

"We fully expect our rapid growth to continue over the next 12 months with the launch of our mobile payments platform in 6 new territories and the continued rollout of our recently launched contextual engagement platform, iView, which to date has been deployed by EE, Microsoft and T-Mobile (US)," Mr. Tomlins concluded. 

The Sunday Times Hiscox Tech Track 100 league table ranks Britain's 100 private tech (TMT) companies with the fastest growing sales over the latest three years. Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an awards event in November and alumni dinners throughout the year.

"I am very proud to be associated with Infomedia and that Vringo has an equity interest in the company," said Andrew Perlman, CEO of Vringo.  "As a member of their board of directors, I have spent a considerable amount of time with Infomedia's CEO, Michael Tomlins, and believe that with his vision and determination, the company is poised to become a leader in the mobile engagement space".

Background on Infomedia Transaction

On February 18, 2014, Vringo closed a transaction with InfoMedia Services Limited for the sale of certain assets and the assignment of certain agreements related to our mobile social application business. As consideration, Vringo received 18 Class B shares of InfoMedia, which represent an 8.25% ownership interest in InfoMedia. InfoMedia is a privately owned, United Kingdom based, provider of customer relationship management and monetization technologies to mobile carriers and device manufacturers. As part of the transaction, Vringo has the opportunity to license certain intellectual property assets and support InfoMedia to identify and protect new intellectual property.

About Vringo, Inc.

Vringo, Inc. is engaged in the innovation, development and monetization of intellectual property and mobile technologies.  Vringo's intellectual property portfolio consists of over 600 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.  For more information, visit:www.vringo.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; our inability to protect our intellectual property rights; new legislation, regulations or court rulings related to enforcing patents, that could harm our business and operating results; 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; the future success of Infomedia and our ability to receive value from its stock; our ability to continue as a going concern; our liquidity 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 16, 2015.  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