COURT GRANTS CLAIM CONSTRUCTION FAVORABLE TO CARD ACTIVATION
(2010-06-09)
Chicago, IL. (June 9, 2010) – Card Activation Technologies ((Pink Sheets: CDVT), owner of U.S. Patent No. 6,032,859,a patent covering a method for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards, announced today that the United States District Court for the District of Delaware entered a Markman Order construing terms of the ‘859 Patent in a manner favorable to Card Activation Technologies.
About Card Activation Technologies Inc.
Card Activation Technologies, Inc. is a Chicago-based company that owns the patent rights to aproprietary payment transaction method used for processing gift cards and other debit purchase transactions. The company is actively seeking to license its patent to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debitcards, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringers. The Delaware action was brought against Card Activation by Stored Value Solutions Inc., a provider of gift cards and gift card processing to many infringing retailers.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Card Activation Technologies, Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) defend its patent; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
Card Activation Technologies Inc. Contact: Robert H. Kite (312-972-1662)
