TORONTO -- (BUSINESS WIRE) -- Preventia, Inc. (OTCBB: PVTA) announces acquiring the “Electronic Trading System” patent, a proprietary system designed to facilitate the trading of instruments, investments, securities and assets between buyers and sellers in a trading environment. The Company acquired the U.S. Patent No. 8,165,952 from PTS UK for 12,500,000 Preventia shares plus 10% of the net service fees, license fees and litigation proceeds.
This acquisition consolidates Preventia's market position by cementing it as the owner of the Electronic Trading System, as opposed to just its licensee and allowing the Company complete freedom to move ahead with whatever products, services, licenses and litigation it may choose.
Rob Stevens, Preventia CEO and President, states, “We are delighted to report acquiring the rights to the “Electronic Trading System” patent. Preventia can now enjoy absolute freedom with respect to the system, our planned products and the proprietary rights of STP (straight through processing). The necessity of patent protection must be vigorously maintained throughout the lifetime of each of our created instruments, and the jurisdictions that trade them whether in secondary or primary form.”
“We will take all necessary measures to expose those that infringe on the integrity of our patent. Threatened by violators of our exclusive wide ranging, precedent setting patent, ultimate protection now falls within our direct control. Since general progress on Preventia's line of financial products has been impaired, we are now putting together a specialty team to aggressively pursue infringers and seek all remedies available. The first potential defendants have been identified and we are confident in our ability to protect all the company's products and the exclusivity of our process,” concludes Mr. Stevens.
About Preventia Inc.
Preventia Inc., a company incorporated pursuant to the laws of the State of Nevada and headquartered in Toronto, Ontario, Canada, works with corporate clients to develop, market and distribute financial products for dematerialization and electronic trading and operates an electronic trading platform with respect to the foregoing.
Forward Looking Statement
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.