Palm Beach Capital Files Form 13G for Investment in magicJack VocalTec

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Palm Beach Capital Files Form 13G for Investment in magicJack VocalTec

Palm Beach Capital Files Form 13G for Investment in magicJack VocalTec

^{Published on 2012-04-25 12:11:41 - Market Wire}

WEST PALM BEACH, Fla.--([ BUSINESS WIRE ])--Palm Beach Capital, through two of its investment entities, today announced that it has filed a Form 13G with the Securities and Exchange Commission for its investment in magicJack VocalTec, Ltd. (NASDAQ: CALL). Palm Beach Capital originally invested in magicJack in 2010 and made a follow on investment in magicJack VocalTec in 2011. Due to the companyas published share buyback program, Palm Beach Capitalas holdings now exceed 5% of the outstanding shares of magicJack VocalTec.

About Palm Beach Capital

Founded in 2001, Palm Beach Capital is a private equity investment firm which specializes in making investments in and building early and middle-stage private companies. With offices in both West Palm Beach and Tampa, Florida, the firm focuses on high growth investment opportunities. Since its inception, Palm Beach Capital has made investments in 34 companies and has approximately $325 million in total assets under management. For more information, please visit the firm's website at [ www.pbcap.com ].