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Card Activation Tech Inc (fka CDVT) RSS Feed

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About Card Activation Technologies Inc.

Card Activation Technologies, Inc. is a Chicago-based company that owns the patent rights to a proprietary payment transaction method used for processing gift cards and other debit purchase transactions. The company is actively seeking to license its patent to the thousands of retailers, gas stations, phone companies and others that utilize the patented payment method.

Card Activation Technologies Shareholder Update

Card Activation Techs (QB) (USOTC:CDVT)
Historical Stock Chart

3 Months : April 2011 to July 2011

Click Here for more Card Activation Techs (QB) Charts.

Mr. Bob Kite, President and CEO of Card Activation Technologies Inc. (Pink Sheets: CDVT), stated today, "I wanted to take a moment to update you as to the status of the lawsuit involving our company and Stored Value Solutions, n/k/a Ceridian Stored Value Solutions, Inc. As most of you will recall, SVS filed an action in the Federal District Court in Delaware claiming that the '859 patent owned by Card Activation Technologies is invalid. Trial was scheduled for April 25, 2011. Unfortunately, right before trial was to commence, the judge in the Delaware Court asked that the attorneys provide additional briefing on issues and subjects raised by the Court. This necessitated a delay in the trial date. The current schedule is for all additional depositions and briefing to be completed by the attorneys on or before June 10, 2011. We expect a hearing to be held with the Court concerning all issues shortly after June 10. We also expect a trial date to be set shortly thereafter. We remain confident in our position that the '859 patent is valid and that we will prevail in this litigation."

 

For further information about Card Activation Technologies go to www.cardactivationtech.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 atwww.sec.gov under "Search for Company Filings."


 

 



 

 DISCLAIMER: Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein. All information is believed to be accurate and was taken from public sources, or is the opinion(s) of the author(s). (This disclaimer has been reprinted by permission of its author)

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