InvestorsHub Logo
Followers 54
Posts 4438
Boards Moderated 0
Alias Born 08/21/2015

Re: hkguy post# 251974

Thursday, 06/09/2016 1:51:12 PM

Thursday, June 09, 2016 1:51:12 PM

Post# of 298910
I'm not either hkguy but since that hasn't happened, it's not a viable topic for me. I will respond to the Zipmark settlement question. It's in the 8k filed early December.

The final agreement is confidential. Read Ed's message to shareholders at the beginning of the 2015 10k. He also posted this message on Facebook.

We sued Zipmark for patent infringement and breach of contract, we ultimately entered into a settlement agreement with Zipmark, and signed them to a patent license agreement. The specific terms of the license such as revenue are ordered confidential, but this is very significant for us because they became a licensee of ours and pay us a small fee for each electronic check transaction they process. The outcome also sets a precedent for other processors that may be knowingly, or un-knowingly, infringing upon the rights of our patented technology.


https://www.facebook.com/myecheckinc/posts/516100025240766

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.