Printer Friendly
The Free Library
4,491,529 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Affinity Announces Termination of Agreement with LPS Group.


Business Editors/High-Tech Writers

COLUMBIA, S.C.--(BUSINESS WIRE)--May 1, 2003

Affinity Technology Group, Inc. (OTCBB:AFFI AFFI - American Frozen Food Institute
AFFI - Associated Fire Fighters of Illinois
AFFI - Association Francaise des Femmes Ingenieurs
) today announced that its patent licensing subsidiary, decisioning.com, Inc., has notified LPS Group that it is terminating its exclusive patent licensing agreement with LPS Group effective immediately. The Company terminated the agreement because Dooyong Lee, the president of LPS Group, resigned his position with LPS Group to join another patent licensing firm. The Company is evaluating its alternatives, which may include engaging a new patent licensing agent or law firm to pursue its patent licensing program.

About Affinity Technology Group, Inc.

Through its subsidiary, decisioning.com, Inc., Affinity Technology Group, Inc., owns a portfolio of patents that cover the automated processing and establishment of loans, financial accounts and credit accounts through an applicant-directed remote interface, such as a personal computer or terminal touch screen. Affinity's patent portfolio includes U. S. Patent No. 5,870,721, No. 5,940,811, and No. 6,105,007.

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We cannot assure you that we will be able to license any of our patents. Moreover, we cannot assure you that our patents will not be subject to additional reexamination by the U. S. Patent and Trademark Office or additional challenges by third parties or that we will not lose all or part of the claims covered by these patents. Further, we cannot assure you that we will have sufficient capital resources to execute our patent licensing strategy. Investors are cautioned that these statements involve several risks and uncertainties that may cause actual results to differ materially from those projected.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 1, 2003
Words:286
Previous Article:Broad Daylight Raises $5 Million in Venture Capital; CRM Software Developer Increases Momentum in eService Market.
Next Article:Motiva and The Alexander Group, Inc. Announce Sales Compensation Administration Solution for Mid-Sized Businesses.
Topics:



Related Articles
TERMINATION OF ENFORCEMENT ACTIONS.(Federal Reserve Board)(Brief Article)
A Five-Step Guide to Help Associations Review Contracts.
All Listings in this Directory are Paid Listings, with Information Provided by each Company.(Directory)
Affinity Appoints Exclusive Licensing Agent.
Affinity Issues Additional Convertible Notes and Announces a New Executive Structure.
Affinity Announces Fourth-Quarter and Year-End Results.
Affinity Announces Appointment of Patent Licensing Representative.
Affinity Files Patent Infringement Complaint.
Getting started: what to do before offering a program.
Decisioning.Com Enters into Settlement Agreement Regarding U.S. Patent No. 6,105,007.

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles