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2015-09-02

Vringo, Inc.: ROMANIAN COURT UPHOLDS INJUNCTION AGAINST ZTE ROMANIA

9th Time That Preliminary Injunction Has Been Challenged and Upheld

NEW YORK -September 2, 2015- Vringo, Inc. (NASDAQ: VRNG), a company engaged in
the innovation, development and monetization of intellectual property, today
announced that, on August 31, 2015, the Bucharest Tribunal denied ZTE
Romania's latest attempt to overturn Vringo's preliminary injunction against
ZTE Romania.

Since June 30, 2014, Vringo's preliminary injunction has restrained ZTE
Romania from commercializing any 4G LTE mobile phone or infrastructure
equipment manufactured by ZTE Corporation which incorporates 4G LTE
technology.

On August 6, 2015, ZTE Romania filed a new motion, asking the court to revoke
the preliminary injunction, and, as a subsequent request, to replace the
preliminary injunction with a bond to be paid by ZTE Romania. ZTE Romania
argued that (1) the preliminary injunction prevents ZTE Romania from honoring
its binding contractual obligations, thereby triggering substantial damages,
and (2) Vringo has not complied with the requirements set forth by the
European Court of Justice in itsHuawei v. ZTE
decision, which was rendered on July 16, 2015.

On August 31, 2015, the Bucharest Tribunal rejected all of ZTE Romania's
arguments and denied ZTE Romania's request as ungrounded. This was ZTE
Romania's ninth attempt to overturn and/or suspend the enforcement of the
preliminary injunction since the preliminary injunction was granted on June
30, 2014.

Following this latest rejection of ZTE Romania's attempt to overturn the
preliminary injunction, ZTE Romania remains enjoined from commercializing any
4G LTE mobile phone or infrastructure equipment manufactured by ZTE
Corporation which incorporates 4G LTE technology.

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vringo, Inc. via Globenewswire

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