Inventergy Global, Inc. (fka INVT)

[serious38]

Here's what I like in this PR:http://finance.yahoo.com/news/inventergy-gets-heavyweight-partner-fortress-160400001.html

1)Fortress thoroughly vetted the intellectual property and decided that it ought to be of high enough quality to warrant an investment.

2) Fortress will provide financial and other resources to monetize the roughly 760 telecommunication patent assets Inventergy previously acquired from Panasonic, Nokia and Huawei.

3)Fortress agreed to eliminate approximately $21 million in liabilities on Inventergy's balance sheet that stem from an existing agreement between the two firms and deliver $2.2 million for Inventergy to pay-off other debt related to monetizing the patents.

4)Inventergy has hired Ken Cannizzaro, reuniting him with Joe Beyers to build-out a technology licensing business model similar to the one the two successfully created at Hewlett-Packard that generated hundreds of millions of dollars annually.

5)The program is already bearing fruit, with four partnerships already penned in the past five months and more being negotiated