Vringo (VRNG $1.12 -0.11) said "As we move forward into 2011, we continue to see strong consumer demand for our service. In particular we are gratified with our initial successes in Malaysia, where our approximately 250K subscribers represent approximately 5% penetration of our partner's data-connected subscriber base... We believe one of our most significant future growth drivers involves the launch of our service in India."
Vringo anticipates that top-line revenue in 2011 will continue to build on progress in 2010 due to organic growth and increased consumer uptake, new launches with new partners, new product introductions as well as potential acquisitions. Co intends to hold the line on operating expenses, as co drives to achieve breakeven and ultimately profitability.






