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MacroSolve Continues Mobile App Patent Enforcement -- Files Ten Lawsuits Against Largest Travel Industry Companies(January 03, 2012)
TULSA, OK -- (Marketwire) -- 01/03/12 -- Continuing its successful patent enforcement efforts, MacroSolve, Inc. (PINKSHEETS: MCVE) (OTCQB: MCVE) ("MacroSolve" or the "Company"), a leading provider of mobile technologies, apps and solutions for business, today announced it has filed suit against the following ten companies on December 21, 2011 for infringement of its U.S. Patent No. 7,822,816:
- American Airlines, Inc.
- Avis Rent A Car System, LLC
- Continental Airlines, Inc.
- The Hertz Corporation
- Hipmunk, Inc.
- Hotels.com, L.P.
- Priceline.com Incorporated
- Southwest Airlines Co.
- Travelocity.com LP
- United Air Lines, Inc.
"MacroSolve has engaged in settlement and licensing negotiations and reached agreements with many of the firms we've notified in prior suits over the past nine months. As we continue to defend our intellectual property, we are open to productive discussions with these ten companies as well," stated MacroSolve Vice Chairman, Jim McGill.
On October 26, 2010, the United States Patent and Trademark Office issued U.S. Patent No. 7,822,816 to MacroSolve. The patent, a significant intellectual property asset to MacroSolve, further advances its position as a leader in the mobile solutions market. The patent addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer, and is currently utilized in MacroSolve's ReForm XT rapid mobile app development platform. MacroSolve's patent covers fundamental technology in the mobile application space utilized by multiple companies.
MacroSolve, Inc. is a pioneer in delivering mobile apps, technologies, and solutions to businesses and government. Founded in 1997, the Company has an extensive network including the top name brands in wireless hardware and software as well as wireless carriers. Leveraging its intellectual property portfolio, MacroSolve is positioned to become a leader in the mobile app space, an industry which is projected to become a $17.5 billion market by 2012 according to Chetan Sharma Consulting (http://www.chetansharma.com/mobileappseconomy.htm). For more information, visit MacroSolve (http://www.macrosolve.com) or call 800-401-8740.
Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
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