Card Activation Technologies Announces Dividend
07 3월 2009 - 4:49AM
PR Newswire (US)
CHICAGO, March 6 /PRNewswire-FirstCall/ -- Card Activation
Technologies, Inc. (OTC:CDVT) (BULLETIN BOARD: CDVT) announces:
"The law firm of Orum & Roth LLC is engaged in a campaign to
notify potential infringers about Card Activation's patent.
Notifying a party about the existence of the patent is the first
step in attempting to obtain a license agreement. The firm is also
engaged in performing due diligence to determine the method used by
each potential infringer and to document that method. The firm then
generally engages in communications about the patent either
directly with a party or with that party's outside counsel. The
goal of the communications is to obtain a voluntary license of the
patent. In the event that communications break down between the
firm and the accused party, the law firm then generally files an
infringement lawsuit against the party in issue," said Mark Roth,
patent infringement attorney with Orum & Roth LLC. "We will
dividend from all future settlements of Card Activation
Technologies, Inc. upon payment of all ordinary and necessary
expenses and will reserve 20% of the settlement to be used for
future business ventures. The prospective dividends, when available
will be paid on a semi annual basis to shareholders of record on
the dividend date," said Michael De La Garza, CEO and President of
Card Activation Technologies, Inc. Mr. De La Garza further states,
"We are moving in a new business direction and have engaged BFR
Capital Group, LLC, a premier Investor Relations firm who will be
available for shareholders inquiry. To facilitate their efforts,
they have established a toll free number." About Card Activation
Technologies, Inc. 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, Inc. go to
http://www.cardactivationtech.com/. MedCom USA, Incorporated
(OTC:EMED) (BULLETIN BOARD: EMED) is a majority shareholder in Card
Activation Technologies, Inc. http://www.medcomusa.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."
DATASOURCE: Card Activation Technologies, Inc. CONTACT: William E.
Lane of BFR Capital Group, LLC, 1-888-955-9992, for Card Activation
Technologies, Inc. Web Site: http://www.cardactivationtech.com/
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