Acacia Research Names Alejandro Magana, As Vice President, International Licensing.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--June 3, 2002 Acacia Research Corporation (Nasdaq:ACRI) announced today that it has named Mr. Alejandro Magana as Vice President, International Licensing. Mr. Magana will be a key member of the team of executives responsible for the worldwide commercialization of Acacia's Digital Media Transmission technology. Mr. Magana was Vice President of Business Development with Grupo Televisa (NYSE NYSE See: New York Stock Exchange :TV) from 1987 to 1997, where he was responsible for joint ventures and strategic alliances worldwide. Mr. Magana also served as a member of the Board of Directors for several companies owned by Grupo Televisa and initiated the Consumer Products Division of Grupo Televisa. Most recently, Mr. Magana has been a consultant for international and domestic companies, including Gemstar-TV Guide, where he negotiated and finalized contracts with media companies and cable operators in Mexico and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Mr. Magana joins the group of executives who have come to Acacia since the beginning of the year which include Roy Mankovitz, former Director and Sr. Vice President of Intellectual Property of Gemstar-TV Guide, Mr. Andrew Duncan
Sir Andrew Rae Duncan (1884-1952) was a British businessman who was brought into government during the Second World War, serving twice as both President of , former Vice President of Business Development of Gemstar-TV Guide and John Roop, former Sr. Vice President of StarSight Telecast. In addition, Acacia has retained a number of advisors including Jim Newbrough, former Sr. Vice President of Philips Electronics, Rolf Schering, former Vice President of Thomson Multimedia, Jon Eastman, former Product Manager with DirectTV and Director of Strategic Planning for Pioneer North America and Masa Shibusawa, formerly Director of International Business Relations for Gemstar-TV Guide. Acacia's pioneering Digital Media Transmission technology is patented worldwide and includes applications such as video-on-demand, audio-on-demand and digital streaming. About Acacia Research Corporation Acacia Research develops, licenses and provides products for the life science and media technology sectors. Acacia licenses its V-chip technology to television manufacturers and owns pioneering technology for digital streaming and video-on-demand. Acacia's CombiMatrix subsidiary is developing a biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of technology for the life science market. Acacia Research's website is located at www.acaciaresearch.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995: This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , recent and forthcoming Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. |
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