TORONTO, ONTARIO--(Marketwire - Sept. 20, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

VoodooVox Inc. ("VoodooVox" or the "Company"), (TSX:VVX) is pleased to announce that it has distributed an aggregate principal amount of $1,000,000 of debentures (the "Debentures") through the second closing of a brokered private placement with Wolverton Securities Ltd. of up to $7,500,000. The total amount raised by the Company pursuant to the private placement is $2,837,000. This represents the second tranche in a series of financings that the Company is engaged in and is working towards completion.

The Debentures were sold on a private placement basis to a number of accredited investors (the "Subscriber(s)"). The Debentures, bearing interest at the rate of 12% per annum payable quarterly in arrears, mature three years from date of issuance and are secured by a general security interest covering the Company's present and after acquired property. In addition, for each $1,000 invested, the Subscriber received 3,000 purchase warrants entitling the Subscriber to acquire 3,000 common shares of the Company at an exercise price of $0.02 per common share. The warrants expire three years from date of issuance.

Further, in conjunction with the current tranche of financing, debenture holders agreed to defer the repayment of approximately $5M of outstanding debentures that were scheduled to mature within the next twelve months.
The Debentures have not been, and will not be, registered under the United States Securities Act of 1933.

About VoodooVox Inc.

VoodooVox uses consumer analytics to provide smarter mobile advertising services via the cloud to publishers, advertisers and operators. VoodooVox, which represents the combined assets and knowledge base of three companies, namely Call Genie Inc., UpSnap Services, LLC and VoodooVox, Inc., now processes billions of advertising transactions for a marquee list of global clients and partners. Currently, VoodooVox solutions are deployed in 11 countries around the world.

www.voodoovox.com.

This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of VoodooVox Inc. The securities of VoodooVox Inc. have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.