ZEPHYR COVE, Nev., May 8, 2020 /PRNewswire/ -- VirnetX™ Holding
Corporation (NYSE AMERICAN: VHC) (the "Company"), an Internet
security software and technology company, announced today that its
Board of Directors has approved a $1.00 per share special cash dividend on its
outstanding common stock, payable on or about May 26, 2020, to stockholders of record as of the
close of business on May 18,
2020.
"It took us ten years to prevail against Apple," said
Kendall Larsen, VirnetX CEO and
President. "We're grateful to our loyal shareholders and are
pleased to be able to provide them with this dividend."
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE and 5G security. The Company's
software and technology solutions, including its secure domain name
registry and Gabriel Connection Technology™, are designed to
facilitate secure communications and to create a secure environment
for real-time communication applications such as instant messaging,
VoIP, smart phones, e-Readers and video conferencing. The Company's
patent portfolio includes over 190 U.S. and foreign granted
patents/validations and pending applications. For more information,
please visit www.virnetx.com.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact, including the statement regarding the
Company's damages award, may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are based
on expectations, estimates and projections, and certain assumptions
made by management and involve known and unknown risks,
uncertainties and other unknown factors that could cause the actual
results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements, including but not limited to,
statements relating to the Company's special cash dividend.
The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements
filed with the Securities and Exchange Commission, including those
under the heading "Risk Factors" in the Company's Annual Report on
Form 10-K filed on March 16, 2020 and
subsequent filings with the Securities and Exchange Commission, as
applicable. Many of the factors that will determine the outcome of
the subject matter of this press release are beyond the Company's
ability to control or predict. Except as required by law, the
Company is under no duty to update any of the forward-looking
statements after the date of this press release to conform to
actual results.
Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation