From the Wires
Card Activation Advises No Further Enforcement Activities Can Be Taken Concerning Its Patent
By: Business Wire
Dec. 17, 2012 11:07 PM
Card Activation Technologies (Pink Sheet: CDVT)- As disclosed in Card Activation's press release of December 10th, 2012, the Federal Circuit Court of Appeals found all claims of the company’s patent invalid. Management, Advisory Board and Counsel have met and determined that no additional appeals can be reasonably taken. No further enforcement activities can or will be taken concerning the patent. As the patent was the only asset of the Company, Management and the Advisory Board are working with Lawyers, CPA's and Vendors, to resolve outstanding debts, obligations and the future of the company.
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."
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