Navigation Links
MedCom Announces Court Rules Card Activation Technologies' Patent Is Valid
Date:3/20/2008

SCOTTSDALE, Ariz., March 20 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (OTC Bulletin Board: EMED), a leading provider of HIPAA compliant healthcare and financial transaction solutions for the healthcare industry owning approximately 40% of the issued shares of Card Activation Technologies (OTC Bulletin Board: CDVT), announced today that the United States District Court for the Northern District of Illinois ruled that Card Activation's Patent, U.S. Patent Number 6,032,859, is valid.

Card Activation Technologies is the owner of the patent covering a method for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards The court issued its ruling in response to a motion to declare the patent invalid that was filed by Barnes & Noble Inc. (NYSE: BKS) and Aeropostale Inc. (NYSE: ARO).

MedCom will soon issue full details of the court's ruling.

MedCom (http://www.medcomusa.com) spun out Card Activation Technologies in 2006 into a separate trading company due to the huge potential for licensing of the company's technology in the prepaid card market. Card Activation Technologies, Inc. is a Chicago-based company that owns proprietary patented payment transaction technology used for processing gift cards, phone cards and other debit purchase transactions. The Company is actively seeking to license its technology to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debit, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringements. The Federal Reserve Bank of Philadelphia estimated the prepaid card market to be valued in excess of $181.7 billion in transactions in 2006. According to market forecasts, the prepaid industry will grow to $421.5 Billion by 2010. For further information about Card Activation Technologies go to http://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 at http://www.sec.gov under "Search for Company Filings."

Contacts for Card Activation Technologies

Bev Jedynak Paul Knopick

Martin E. Janis & Company Inc. E & E Communications

312-943-1123 (949) 707-5365

bjedynak@janispr.com pknopick@eandecommunications.com


'/>"/>
SOURCE MedCom USA, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. MedCom USA Signs Southwood Medical Marketing to Distribute MedCom System
2. MedcomSoft Receives 2007s "Best in KLAS" EMR Ranking (1-5 Physicians)
3. MedcomSoft appoints former U.S. presidential health advisor, James Haveman, to health Care advisory board
4. MedCom USAs Subsidiary Card Activation Technologies, Inc.s SB2 Registration Declared Effective by SEC
5. Patrick G. Ryan Announces Intention to Retire from Aon
6. Pregis Announces Fouth Quarter and Full Year 2007 Financial Results
7. Takeda Announces New U.S. Leadership
8. QED International Associates Announces Quarterly Rebalancing of HealthShares(TM) Indexes
9. Galderma Announces HSR Clearance for Its Proposal to Acquire CollaGenex Pharmaceuticals
10. The Pennsylvania Breast Cancer Coalition Announces Event at the University of Pennsylvania Hospital to Celebrate the 2008 Income Tax Check-Off Campaign
11. Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Vertex Pharmaceuticals Incorporated
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... NY (PRWEB) , ... October 13, 2017 , ... Ellevate ... people in business to advocate for action towards gender equality at their inaugural Summit ... from around the globe, and reached a social audience of over 3 million. To ...
(Date:10/13/2017)... ... 2017 , ... Coveros, a leader in agile coaching services ... by the Center for Medicare and Medicaid Services (CMS). The Enterprise Agile Transformation ... Agile methodologies in a consistent and high value manner across CMS programs. Coveros ...
(Date:10/12/2017)... San Francisco, CA (PRWEB) , ... October 12, ... ... and Dr. Cheng, are now treating sleep apnea using cutting-edge Oventus ... sleep apnea, a serious sleep disorder characterized by frequent cessation in breathing. Oral ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical ... Friedman, PhD, FACMI, during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. ... honor of Morris F. Collen, a pioneer in the field of medical informatics, this ...
(Date:10/12/2017)... ... , ... HMP , a leader in healthcare events and education, today announced ... Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie ... competition recognizes editorial and design excellence across a range of sectors. This year’s program ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... 2017  Caris Life Sciences ® , a leading ... of precision medicine, today announced that St. Jude Medical ... Alliance™ (POA) as its 17 th member. Through ... Crosson Cancer Institute will help develop standards of care ... profiling, making cancer treatment more precise and effective. ...
(Date:10/10/2017)... 10, 2017  NDS received FDA 510(k) clearance in May 2017 ... display stand specifically designed for endoscopy environments. An innovative secondary monitor ... clinical solution to support the improvement of patient outcomes, procedural efficiency, ... ... ...
(Date:10/5/2017)... , Oct. 5, 2017  In response to ... Oral and Maxillofacial Surgeons (AAOMS) released prescribing recommendations ... to be used as a first-line therapy to ... Recognizing the value ... White Paper "Opioid Prescribing: Acute and Postoperative Pain ...
Breaking Medicine Technology: