Acacia Research Names Geoffrey Stevens, Former GO.com Executive, as Vice President, Business Development.Business Editors & Multimedia Writers PASADENA, Calif.--(BUSINESS WIRE)--March 14, 2000 Acacia Research Corp. (Nasdaq:ACRI) today announced that it has named Geoffrey Stevens Geoffrey Paul Stevens (10 November, 1902 – 10 May, 1981) was a British chartered accountant and politician. A right-winger, he was noted for his support for reductions in taxation. , former Director of Product Development at GO.com, as Vice President, Business Development. "We are extremely pleased to have Geoffrey Stevens join our management team," said chief executive officer and president Paul R. Ryan. "His strong business development and marketing experience with GO.com, Disney TeleVentures, Young & Rubicam, Chiat/Day and Saatchi & Saatchi will be a great asset as we aggressively incubate incubate /in·cu·bate/ (in´ku-bat) 1. to subject to or to undergo incubation. 2. material that has undergone incubation. in·cu·bate v. 1. and acquire ownership positions in new companies." At GO.com, Stevens was responsible for the development, launch and market performance of next generation wireless/broadband Internet products. He previously held the position of director of Marketing Development and Distribution where he managed the team responsible for integrated marketing strategy, direct marketing, and distribution business development for the GO Network portal. Previously, Stevens was director of Partner Marketing for Disney TeleVentures, where he was a business and marketing strategy advisor to Americast. Earlier in his career, he held account management positions with Young & Rubicam, Chiat/Day, and Saatchi & Saatchi. Stevens holds a B.A. from Queen's University Queen's University, at Kingston, Ont., Canada; nondenominational; coeducational; founded 1841 as Queen's College. It achieved university status in 1912. It has faculties of arts and sciences, education, law, medicine, and applied science, as well as schools of and a Master of Management degree from the J.L. Kellogg Graduate School of Management at Northwestern University Northwestern University, mainly at Evanston, Ill.; coeducational; chartered 1851, opened 1855 by Methodists. In 1873 it absorbed Evanston College for Ladies. . About Acacia Research Corp. Acacia Research develops and operates Internet and technology-related businesses as well as acquires strategic positions in other companies. Acacia Research's majority-owned subsidiaries include: Acacia Launchpad LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Internet incubator), CombiMatrix Corp. (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), MerkWerks Corp. (software development), Soundbreak.com Inc. (music broadcast and lifestyle Internet site), and Soundview Technologies Inc. (v-chip technology). Significant minority-owned affiliates include: The EC Company (b2b eTransactions), Greenwich Information Technologies LLC (video- and audio-on-demand technology), Mediaconnex Communications (b2b e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. ), and Signature-mail (personalized e-mail service). Acacia Research's Web site is located at http://www.acaciaresearch.com. This release contains forward-looking statements within the meaning of the "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. " 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 address future events and conditions concerning the company's business plans. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties, such as future economic conditions, changes in consumer demand, legislative, regulatory and competitive developments, and other circumstances affecting anticipated revenues and costs, which may cause actual results to differ materially. Acacia Research urges investors to review in detail the risks and uncertainties disclosed in the company's filings under the Securities Exchange Act of 1934, as amended, including, but not limited to the company's quarterly report on Form 10-Q Form 10-Q See 10-Q. for the period ended Sept. 30, 1999 and the company's Registration Statement on Form S-3/A filed on Feb. 7, 2000, copies of which can be obtained from the company or the Securities and Exchange Commission. The company expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein. |
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