LoyaltyPoint, Inc. Announces Allowance of Fourth Patent Application
20 Mai 2004 - 6:44PM
PR Newswire (US)
LoyaltyPoint, Inc. Announces Allowance of Fourth Patent Application
ATLANTA, May 20 /PRNewswire-FirstCall/ -- LoyaltyPoint, Inc.
(BULLETIN BOARD: LYLP) , a holding company for merchant, school,
and nonprofit loyalty marketing programs, today announced it has
received notice from the United States Patent and Trademark Office
that a new, fourth patent will be issued to the Company and that
all claims in the application have been allowed. The notice was for
U.S. Patent Application No. 09/652,943 for "SYSTEM AND METHOD OF
LINKING ITEMS IN AUDIO, VISUAL, AND PRINTED MEDIA TO RELATED
INFORMATION STORED ON AN ELECTRONIC NETWORK USING A MOBILE DEVICE".
This patent expands LoyaltyPoint's existing portfolio, which
includes 1) Patent No. 6,430,554 "Interactive System for
Investigating Products on a Network," which was issued on August 6,
2002; 2) U.S. Patent No. 6,651,053, announced January 20, 2004, a
continuation of the previously issued '554 patent, which, among
other things, extends and expands on the scope of the wireless
claims contained in the '554 patent; and 3) U.S. Patent 6,675,165,
also announced January 20, 2004, which covers LoyaltyPoint's unique
method for linking a billboard or signage to information on a
global computer network via manual information input or by use of a
global positioning system. LoyaltyPoint also has other patent
applications pending. The combination of these four patents offers
unique Internet and wireless shopping technologies that help
consumers compare product-specific features, benefits, pricing, and
other related information at the click of a button from any
handheld device. The Company anticipates that these technologies
will support and differentiate LoyaltyPoint's nontraditional,
shopping-based fundraising programs in support of schools and
nonprofits. Consumers will insure they're getting the best value on
a desired product while contributing a percentage of the purchase
-- at no additional cost -- to their favorite cause. "With these
patents, LoyaltyPoint has created both an online and wireless
product information and commerce platform that can expand the scope
of our current shopping offerings," said Paul Robinson,
LoyaltyPoint's chairman and CEO. "The fourth patent solidifies our
patent portfolio of online and wireless shopping technologies,
which will become increasingly relevant as high-speed handheld
Internet access becomes commonplace." "This latest patent takes our
product information and search technology and allows mobile and
desktop devices to leverage information on the printed page, and
vice versa," said Leigh M. Rothschild, listed inventor on the
patent and LoyaltyPoint board member. "The patent covers linking
barcode and other symbology and relating it to a site on the net."
About LoyaltyPoint, Inc. LoyaltyPoint, Inc. (OTC:LYLP) (BULLETIN
BOARD: LYLP) is a holding company for merchant, school, and
nonprofit loyalty marketing programs. The Company markets online,
store, and catalog-based loyalty programs that generate
contributions to schools, nonprofits and other organizations, based
upon parent and supporter purchases. Our vision is to provide a
one-stop shop for schools, nonprofits, and other organizations to
enroll in year-round, merchant-supported nontraditional fundraising
programs. Our corporate headquarters is based in the Atlanta,
Georgia area; we also maintain two offices in Northern California.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
("Act"), regarding the future use and potential of LoyaltyPoint's
technology. Additionally words such as "seek," "intend," "believe,"
"plan," "estimate," "expect," "anticipate" and other similar
expressions are forward-looking statements within the meaning of
the Act. Forward-looking statements involve known and unknown risks
and uncertainties, both general and specific to the matters
discussed in this press release. Some or all of the results
anticipated by these forward- looking statements may not occur.
Factors that could cause or contribute to such differences include,
but are not limited to, the Company's ability to prosecute and
defend its patents and patents pending, actions taken by the U.S.
Patent and Trademark Office, factors affecting the acceptance and
growth of wireless technology, the Company's ability to raise
additional capital and other factors mentioned in various
Securities and Exchange Commission filings made periodically by the
Company. The forward-looking statements contained in this press
release speak only as of the date hereof and the Company expressly
disclaims any obligation to provide public updates, revisions or
amendments to any forward-looking statements made herein to reflect
changes in the Company's expectations or future events. Contact:
ROI Group Associates, Inc. Thomas Mikolasko, Phone: (212) 495-0200
x16, Andrea Costa, Phone: (212) 495-0200 x14, LoyaltyPoint Mickey
Freeman, Phone: (770) 736-9383 x103, DATASOURCE: LoyaltyPoint, Inc.
CONTACT: Thomas Mikolasko, +1-212-495-0200, ext. 16, , or Andrea
Costa, +1-212-495-0200, ext. 14, , both of ROI Group Associates,
Inc., for LoyaltyPoint, Inc.; Mickey Freeman of LoyaltyPoint, Inc.,
+1-770-736-9383, ext. 103,
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