Published: March 17, 2010
Single Touch Procures Patent Portfolio from Microsoft
SAN DIEGO - (BUSINESS WIRE) - Single Touch Interactive, Inc. (OTCBB:SITO) announced that it has signed
a patent sale and license agreement with Microsoft Corporation (MSFT).
The agreement included the sale of six Abbreviated Dialing Code US
patents by Microsoft to Single Touch Interactive, with a license back to
Microsoft, and a license under pending applications held by Single Touch
Interactive in the Abbreviated Dialing Code space. Further, Microsoft
has reserved a number of Abbreviated Dialing Codes it may choose to use
at some future point in time. "The sale allows Single Touch to broaden
our lead in the Abbreviated Dialing Code arena", said Anthony Macaluso,
Chairman of Single Touch Interactive (SITO). Abbreviated Dialing Codes
are short telephone numbers such as 411 that may also spell a brand
name. This easy form of dialing was introduced by Single Touch in 2005
and continues to gain momentum for mobile telephone subscribers.
Specific terms of the agreement are confidential.
"Microsoft actively manages its patent portfolio and sells patents that
are not core to its business strategy," said David Kaefer, general
manager of IP licensing at Microsoft. "We're pleased to sell these
Abbreviated Dialing patents to Single Touch Interactive and to enter
into a related licensing agreement."
About Single Touch
Single Touch Systems, Inc. (SITO) provides wireless operators, consumer
brands, and retailers with innovative mobile marketing and commerce
delivery solutions. Single Touch Systems' powerful portfolio of voice,
data, SMS and commerce products are delivered via its patented Enhanced
Services Platform (ESP). Single Touch Systems' pioneering products are
designed to be simple and easy to use and its Mobile Dialing Codes
(MDC's) have won several industry awards for innovation and direct
response. For more information please visit www.singletouch.net.
Forward Looking Statements:
Under the Private Securities Litigation Reform Act of 1995: The
statements contained herein which are not historical are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements including, but not limited to, certain delays
beyond the company's control, inability to successfully conclude
negotiations currently in progress, and other risks detailed from time
to time in the Company's filings with the Securities and Exchange
Commission.
Single Touch Interactive, Inc.
Larry Dunn, 760-438-0100
ldunn@singletouch.net
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