WEST PALM BEACH, Fla. and NETANYA, Israel, Sept. 01, 2016 (GLOBE NEWSWIRE) -- magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications and UCaaS company, today confirmed that Kanen Wealth Management LLC has delivered notice to the Company of its intention to nominate seven director candidates for election to magicJack’s Board of Directors (the “Board”) at the Company's 2016 Annual Meeting of Shareholders. magicJack’s shareholders are not required to take any action at this time.

The Board will review Kanen’s proposed nominees in accordance with magicJack’s corporate governance policies and the Board’s fiduciary duties under Israeli law, as with any nominees for election to the Company’s Board. The Board will postpone the Company’s 2016 Annual Meeting of Shareholders, previously scheduled for October 7, 2016, pending the completion of such review and schedule a new meeting date as promptly as practicable. The Board will present its recommendation with respect to the election of directors in its proxy statement, which will be filed with the Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2016 Annual Meeting of Shareholders.

Vinson & Elkins LLP, Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. and Akerman LLP are serving as legal counsel to magicJack.

About magicJack VocalTec Ltd.

magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of magicJack and a pioneer in Voice over IP (VoIP) technology and services, is a leading cloud communications company. With its easy-to-use, low cost solution for telecommunications, the Company has sold more than 11 million award-winning magicJack devices, which is now in its fifth generation, has millions of downloads of its free calling apps, and holds more than 30 technology patents. magicJack is the largest-reaching CLEC (Competitive Local Exchange Carrier) in the United States in terms of area codes available and number of states in which it is certified.