1094816--7/6/2010--VOICE_MOBILITY_INTERNATIONAL

related topics

{stock, price, share}

{property, intellectual, protect}

{product, market, service}

{condition, economic, financial}

{interest, director, officer}

{control, financial, internal}

{customer, product, revenue}

{personnel, key, retain}

{provision, law, control}

{competitive, industry, competition}

{acquisition, growth, future}

As at June 8, 2010, our stock has been cease traded in British Columbia, Ontario, and Quebec and we are non-compliant with FINRA Rule 6530 and, as a result, our company has been delisted from the OTC Bulletin Board and cannot be traded on the Toronto Stock Exchange (the TSX ). Our application to list on the TSX Venture Exchange may not be successful, which would severely adversely affect our Canadian shareholders ability to sell their securities in the secondary market. We have had negative cash flows from operations and if we are not able to obtain further financing our business operations may fail. We have a history of losses and fluctuating operating results, which raise substantial doubt about our ability to continue as a going concern. We are currently operating with an interim Chief Executive Officer and until our company is able to locate and appoint a qualified person to fill these positions, our operations may be disrupted. A decline in the price of our common stock could affect our ability to raise further working capital and adversely impact our ability to continue our normal operations We could lose our competitive advantages if we are not able to protect any proprietary technology and intellectual property rights against infringement, and any related litigation could be time-consuming and costly We hold no patents on our proprietary technology and may not be able to protect our proprietary technology Substantially all of our assets, and all of our directors and officers are outside the United States, with the result that it may be difficult for investors to enforce within the United States any judgments obtained against us or any of our directors or officers. We are currently dependent on a small number of channel partners for the sale of our products and if we are unable to expand our channel partner relationships or if our channel partners are unable to generate significant sales of our products, then our revenues may not increase significantly. We operate in a highly competitive industry and our failure to compete effectively may adversely affect our ability to generate revenue Rapid technological changes in our industry could render our products non-competitive or obsolete and consequently affect our ability to generate revenues. Our future growth and our ability to generate revenues may be materially and adversely affected by continued reductions in spending on telecommunications infrastructure by our potential customers. The global financial crisis may have impacts on our business and financial condition that we currently cannot predict. Our Articles of Incorporation and Bylaws and Nevada law contain provisions that could delay or prevent a change of control and could limit the market price of our common stock. Trading of our stock may be restricted by the SEC's penny stock regulations, which may limit a stockholder's ability to buy and sell our stock. Financial Industry Regulatory Authority (FINRA) sales practice requirements may also limit a stockholder's ability to buy and sell our stock. Our common stock is illiquid and the price of our common stock may be negatively impacted by factors which are unrelated to our operations

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1094816--7/6/2010--VOICE_MOBILITY_INTERNATIONAL_INC