Card Activation Receives Notice From Patent Office Regarding Reexamination Proceeding
(2010-07-13)
Card Activation Receives Notice From Patent Office Regarding Reexamination Proceeding
Chicago, IL. (July 13, 2010) – Card Activation Technologies (Pink Sheets: CDVT), announced that on June 23, 2010, the United States Patent and Trademark Office issued a “Notice of Intent to Issue Reexamination Certificate” (“Notice”) in the reexamination proceeding involving Card Activation Technology’s (“Card”) U.S. Patent number 6,032,859, covering the processing of debit purchase transactions such as purchases using gift cards. The Notice confirms the Patent Office’s finding of patentable claims in the proceeding and its intent to issue a Reexamination Certificate confirming the patentability of those claims.
Card is actively enforcing the ‘859 Patent against infringing retailers in multiple, ongoing lawsuits, and has entered into licensing agreements with numerous other retailers. Bob Kite, CEO of Card stated “the Notice not only confirms the patentability of the claims, it strengthens the ‘859 patent in view of the additional prior art considered by the Patent Office during the reexamination proceeding.” With the favorable reexamination and the favorable claim construction recently entered in the ongoing litigation in Delaware, Card intends to continue to vigorously enforce its rights under the patent and seek licensing agreements with infringing retailers.
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)
