BarPoint.com, Inc. to Receive Product Search Patent; Company Receives Notice of Allowance from U.S. Patent and Trademark Office for Search Technology.Business Editors/Technology Writers DEERFIELD BEACH Deerfield Beach, town (1990 pop. 46,325), Broward co., SE Fla., on the Atlantic coast; inc. 1925. The development of high-technology industry and commerce expanded the town and more than doubled its population between 1970 and 1990. , Fla.--(BUSINESS WIRE)--May 31, 2002 BarPoint.com (Nasdaq:BPNT), a leading online and wireless product information and shopping service provider and applications developer, today announced that the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property has notified the company that it intends to award the Company a patent for its "Interactive System for Investigating Products on a Network." The patent, when issued, will protect technology related to the utilization of unique identifiers such as UPC (Universal Product Code) The standard bar code printed on retail merchandise, which is administered by GS1 US, Brussels, Belgium and Lawrenceville, NJ (www.gs1.org). numbers, barcodes, manufacturers' codes and other coded input to gather product-related information from a database and the Internet from both wired and wireless devices. This technology is underlying the core BarPoint product information and shopping service as well as other applications. "We are very pleased to be receiving the patent on our core search technology," said Leigh Rothschild, BarPoint founder, Chairman and listed inventor on the patent. "As a pioneer in the use of unique identifiers and `reverse-search' technology to simplify the process of obtaining product information from the Internet, we consider this as a significant achievement that adds tremendous value to our technology platform." Among other things, the patent will cover methods of obtaining information from the Internet utilizing coded input such as UPC numbers, barcodes, manufacturers' codes and other means, from both wired and wireless devices, including computers, phones and portable computers, as well as scanning-capable devices. This patent was the first filed by the company, and represents the technology and processes that are core to the BarPoint platform. In addition to the patent that will be awarded, BarPoint has five other patent applications related to its technology that have been filed and are still pending. "This favorable decision from the U.S. Patent and Trademark Office represents a significant milestone in our company's history," said Jeff Sass, BarPoint President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder. "While validating our intellectual property portfolio, it also demonstrates BarPoint's stature as a leader in this field, and we will continue to take steps to take action; to move in a matter. See also: Step to leverage that leadership for the benefit of our shareholders." About BarPoint.com BarPoint.com is a leading online and wireless product information and commerce platform as well as an applications developer and a pioneer in the use of unique product identifiers, such as the UPC barcode number, and patent-pending "reverse-search" technology to simplify the process of finding meaningful product information. As a technology service provider, retail sales facilitator, and applications developer, BarPoint is dedicated to helping businesses and consumers make better buying decisions. Through its proprietary data aggregation and integration processes and a device-independent platform for secure mobile commerce, BarPoint provides cost-effective turnkey solutions for retail partners who want to enable their customers to shop anytime, anywhere, from any mobile device. The BarPoint service is on the shopping menus of more than 95% of Internet-enabled phones sold in the U.S. The Company has previously announced strategic alliances with companies such as Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. (VZ), Cingular Wireless, AT&T Wireless (AWE), Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. (PCS), Nextel Communications (NXTL), Office Depot (ODP ODP - Open Distributed Processing ), The Sharper Image (SHRP SHRP School of Health Related Professions SHRP Strategic Highway Research Program SHRP Society for Human Resource Professionals SHRP Small Habitat Restoration Program SHRP Scientific Human Resources Board ), Air2Web, GoAmerica (GOAM GOAM Government of Armenia ), i3 Mobile (IIIM IIIM International Institute of Islamic Medicine IIIM Islamic Information Institute of Manitoba ), Palm (PALM) and Symbol Technologies (SBL SBL Society of Biblical Literature SBL Symbol Technologies, Inc. (NYSE symbol) SBL Spamhaus Block List SBL Space-Based Laser SBL Securities Borrowing and Lending SBL Supreme Beings of Leisure (band) ) and in 1999 acquired Synergy Solutions, now acting as BarPoint's application development division. BarPoint.com is located at: 2200 SW 10th Street, Deerfield Beach, FL 33442. For information, contact BarPoint.com at: 954/949-7000 or via the web: http://www.barpoint.com. BarPoint.com's common stock is traded on Nasdaq under the symbol BPNT. This press release contains forward-looking statements within the meaning 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, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the Company's ability to attract new customers, the Company's relationships with strategic partners, the Company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events. BarPoint, BarPoint.com and My BarPoint are trademarks or registered trademarks of BarPoint.com, Inc. BarPoint technology is patent-pending. |
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