Business and Finance
CHICAGO (Map) -
The court issued its ruling in response to a motion to declare the patent invalid that was filed by Barnes & Noble Inc. (NYSE: BKS) and Aeropostale Inc. (NYSE: ARO).
Card Activation will soon issue full details of the court's ruling.
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
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."
Contacts for Card Activation Technologies Bev Jedynak Paul Knopick Martin E. Janis & Company Inc. E & E Communications 312-943-1123 (949) 707-5365 bjedynak@janispr.com pknopick@eandecommunications.com
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