PORTLAND, Ore., Sept. 30, 2005 (PRIMEZONE) -- VoIP Labs Holdings, Inc. (Pink Sheets:VPBH) announced today that the company will be reorganized in the coming month and will shortly emerge as Concorde Resources Corp.
The company has also retrieved and irrevocably canceled 10,000,000 free trading shares of its stock. The company will be announcing new officers, directors, and its business strategy in the coming weeks. The capital structure of the reorganized company is approximately 104,000,000 issued and outstanding and 1,800,000 free trading shares.
About VoIP Labs Holdings, Inc.
VoIP Labs Holdings, Inc. is in reorganization. The company is presently headquartered in Portland, OR.
Forward-Looking Statements
This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of VoIP Labs Holdings, Inc. ("VPBH") and all wholly owned or majority owned subsidiaries that involve risks and uncertainties. Results of operations are not necessarily indicative of VPBH operating results for any future periods.