Hello! As usual, I am keeping my eyes on the issue of Worldgate Communication for you all. I found this from another blogger site outside of deafread.com. I copied and pasted this on my blog site that way to keep you in the loop. See below:
WorldGate receives notice of default
Bucks County Courier Times
WorldGate Communications of Bensalem, the financially struggling maker of the Ojo video phone, announced in a Securities and Exchange Commission filing that it's in default on a bond agreement.
YA Advisors, which holds convertible debentures — bonds that can be converted into shares of the company's stock — said the company is in default for failing to maintain current financial statements. As a result, the group is demanding payment of $6.7 million, including interest, the full value of the bonds.
Earlier this month, WorldGate announced it was shutting down operations because it hadn't received payment from its biggest customer, Snap!VRS. In a competing, statement, Snap!VRS said it didn't owe WorldGate any money.
WorldGate said it's disputing the default notice.
On Snap!VRS's end, it is almost a month now that the Ojo phone numbers are not yet workable. IP-based numbers are working with the old technology tool of H323. Like you, I just wish Snap!VRS would report on a weekly basis to let us know how the progress is going and what to expect from their next step. However, as usual from all companies, they keep it quiet. My guess it probably was a wake up call on their part because they should have been prepared for this kind of operation shutdown. Rule of Thumb is to always have a back up plan. Always know your plan "B". I know for sure all TRS and VRS services have back up plan in the event system stops operation for some reason and it routes to the next operations. Sadly, Snap!VRS did not prepare that. What I was not prepared as for sure the same for you was that it is taking almost a month now and they still have not yet resolved the matters.
On a side note, I do not understand why Snap!VRS are telling their customers to add their IP named resolution on to Sorenson VP100, Vp200 and Dlink. They should focus entirely on their equipment and get it up and running. FYI Snap!VRS, I do not have any Sorenson VP100, VP200 or a Dlink on my desk. Why do I need many of those equipments on my desk? As I stated above, always prepare plan B. Knowing Ojo is not 100 percent operable, my plan B is to use the Webcam. Simple as that.
Come on Snap!VRS, get moving. We are waiting!!!!!!