Affinity Announces Official Notification of the Successful Conclusion of the Reexamination of Its Financial and Credit Account Patent
COLUMBIA, S.C.--(Business Wire)--March 30, 2006--
Affinity Technology Group, Inc. (OTCBB:AFFI) today
announced that the U.S. Patent and Trademark Office (PTO) posted on
its Patent Application Information Retrieval (PAIR) system database a
"Notice of Intent to Issue Ex Parte Reexamination Certificate"
relating to its U.S. Patent No. 6,105,007 entitled "Automatic
Financial Account Processing System". Although the Company has not yet
received the Notice from the PTO, the posting of the Notice on PAIR
constitutes an official notification and cites the "Reasons for
Patentability / Confirmation." The Notice indicates the Reexamination
resulted in the full allowance of all the claims of the Company's U.S.
Patent No. 6,105,007.
Joe Boyle, Chairman, President and Chief Executive Officer,
stated, "This is a significant event in our defense of our patents.
Not only does it represent the conclusion of a two-year reexamination
process associated with U.S. Patent No. 6,105,007, but it represents a
successful conclusion to the seven year process in which we have also
successfully defended, through reexamination, our other two patents,
U.S. Patent Nos. 5,870,721 and 5,940,811. We consider this a
significant validation of our patents and our decision to exploit the
value of our patents through a patent licensing business model. The
continuous reexaminations of our patents have inhibited our licensing
program over the past seven years and our ability to attract capital
resources. Our next challenge will be to secure the capital resources
to continue the operations of the Company and realize the maximum
value from our patent portfolio."
Affinity Technology Group, Inc.
Joe Boyle, 803-758-2511
Copyright Business Wire 2006
30Mar06 21:01 GMT
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de;AFY de;AFYF de;AFYX us;AFFI
Source BW Business Wire
