MedCom Announces Card Activation Wins Significant Court Ruling
25 3월 2008 - 6:30PM
PR Newswire (US)
SCOTTSDALE, Ariz., March 25 /PRNewswire-FirstCall/ -- MedCom USA,
Inc. (OTC:EMED) (BULLETIN BOARD: EMED) , a leading provider of
HIPAA compliant healthcare and financial transaction solutions for
the healthcare industry owning approximately 40% of the issued
shares of Card Activation Technologies (OTC:CDVT) (BULLETIN BOARD:
CDVT) , announced that Card Activation won a significant court
ruling on March 20, 2008, in its lawsuit against major retailers
Barnes & Noble, Inc. (NYSE:BKS) and Aeropostale, Inc.
(NYSE:ARO). Barnes & Noble and Aeropostale sought to invalidate
the Card Activation patent in that litigation. Federal District
Court Judge Joan B. Gottshall entered a decision, however, refusing
to accept Barnes & Noble and Aeropostale's position that Card
Activation's patent is invalid. Mark Roth of Orum & Roth LLC,
one of Card Activation's attorneys, deemed the ruling very
significant for Card Activation's litigation and licensing efforts.
"Card Activation's victory on this motion significantly strengthens
our position in this, and other cases. The court's decision
furthers our belief in the strength of the patent and our claims
against those entities that we have sued as well as those entities
that we have contacted to discuss taking a license under the
patent," said Mr. Roth. The Card Activation patent relates to a
method used by most retailers for processing debit styled cards,
which include gift cards and phone cards. Card Activation currently
has lawsuits pending against Walgreen Company (NYSE:WAG), Sears
Holding Corporation (NASDAQ:SHLD), TJX Companies (NYSE:TJX) and
OfficeMax ((NYSE:OMX), as well as Barnes & Noble and
Aeropostale. Card Activation has also placed on notice
approximately 600 retailers relating to their potential
infringement of the patent. MedCom spun out Card Activation
Technologies in 2006 into a separate trading company due to the
huge potential for licensing of the company's technology in the
prepaid card market. http://www.medcomusa.com/ . Card Activation
Technologies, Inc. is a Chicago-based company that owns proprietary
patented payment transaction technology used for processing gift
cards, phone cards and other debit purchase transactions. The
company is actively seeking to license its technology 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 debit, infringe its patent. As a
result, the company is aggressively pursuing litigation against
these infringements. The Federal Reserve Bank of Philadelphia
estimated prepaid card market to be valued in excess of $181.7
billion in transactions in 2006. According to market forecasts, the
prepaid industry will grow to $421.5 billion by 2010. For further
information about Card Activation Technologies go to
http://www.cardactivation.com/ . 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 http://www.sec.gov/ under "Search for
Company Filings." Contact for MedCom USA, Inc. Kent Barghols Ph.
515-276-1180 DATASOURCE: MedCom USA, Inc. CONTACT: Kent Barghols of
MedCom USA, Inc., +1-515-276-1180 Web site:
http://www.medcomusa.com/ http://www.cardactivation.com/
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