Modavox Files Request for Allowance on Two Patents Pending and Provides Update on Patent Enforcement Strategy
New Patents will Further Expand Modavox Holdings; Assessment of Damages in Marketplace will Fuel Enhanced Licensing/Enforcement Strategy
NEW YORK and PHOENIX, Oct. 21, 2009 (GLOBE NEWSWIRE) -- Modavox, Inc. (OTCBB:MDVX - News), Internet broadcasting pioneer and holder of several patented technologies, today announced it has filed Requests for Allowance regarding two patent applications pending with the United States Patent and Trademark Office (USPTO). These applications are in continuation of the Company's previously issued '636 patent. United States Patent Application Serial Number 11,888865 ("Appliance Metaphor for adding Media Function to a Web Page"), which contains nine Claims, was originally filed by the Company on August 3, 2007. United States Patent Application Serial Number 11,899265 ("Method and Code Module for Adding Function to a Web Page"), which contains 30 Claims, was originally filed on September 4, 2007. The Company filed the Requests for Allowance for these two applications upon examination of recent office actions provided from the USPTO. In a related filing, the Company discontinued a third (duplicate) patent application.
Andy Burgess, Inventor and Technology Consultant to Modavox, stated, "The '865 and '265 applications further delineate Modavox's ownership within the established online customized content delivery verticals as well as the emerging mobile markets."
Nathaniel Bradley, Chief Technology & Product Officer, added, "We're expanding our patent portfolio organically through these new Claims which refine the application of our invention to certain business applications in the marketplace. We're also continuing to apply our innovations in the market through the enhancement of core products and services, including the recent adoption of our patented BoomBox(R) and Augme Mobile platforms by leading organizations."
In step with the Company's previously announced patent monetization and licensing strategy, the Company previously retained a third party economic consulting and valuation firm to prepare a report and valuation models identifying the estimated value of the Company's patent portfolio to the industry as well as to potential licensees. The Company anticipates filing this information with the SEC in a Form 8K, which filing should take place in the coming days.
About Modavox
Modavox, Inc., the customized communications company, is a pioneer in Internet broadcasting, producing and syndicating online audio and video, offering innovative, effective, and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and Internet-enabled devices. Modavox provides managed access for live and on-demand Internet radio broadcasting, e-learning and rich media advertising. Modavox's Augme Mobile line of business, based in New York City, offers a comprehensive Web-based marketing platform that provides marketers, brands and advertising agencies the ability to create, deliver, manage and track interactive marketing campaigns targeting mobile consumers (users of mobile phones and portable digital devices) through traditional print advertising channels. Augme Mobile's AD LIFE(TM) mobile marketing platform, as enhanced by Modavox technical assets, fulfills the advertiser's need to offer interactive multimedia mobile content, while simultaneously satisfying the consumer's desire for easier and more robust mobile connectedness. For more information, please visit www.modavox.com.
Forward-Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our Form 10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Modavox, Inc.
Media Relations
212-710-9376
