Consumer-Friendly Guaranteed Pricing System Invented by Guy McClung To Be Auctioned.HOUSTON -- It is a monumental mon·u·men·tal adj. 1. Of, resembling, or serving as a monument. 2. Impressively large, sturdy, and enduring. 3. hassle Hassle () is a location in Närke, Sweden, where a Celtic treasure was found in 1936. It comprises a large bronze cauldron which contained two Bronze Age swords of the Hallstatt type, a pommel of bronze, two bronze buckets with to take advantage of a lower sale price that appears in an ad after a consumer has made a purchase. Most consumers just don't go to all the trouble of saving receipts, following ads, and returning to the place of purchase to get a lower price. Inventor INVENTOR. One who invents or finds out something. 2. The patent laws of the United States authorize a patent to be issued to the original inventor; if the invention is suggested by another, he is not the inventor within the meaning of those laws; but in that Guy McClung, Ph.D. of Spring, Texas thought there had to be a better way. With his new patented Guaranteed Pricing System Noun 1. pricing system - a system for setting prices on goods or services system - a procedure or process for obtaining an objective; "they had to devise a system that did not depend on cooperation" , a customer enjoys the benefit of a later lower price without having to monitor future prices and without having to bring future ads with lower prices back to the place of purchase. For example, a customer buys a television from a company for $500 and the company provides the new Guaranteed Pricing System. A week later the company puts the television on sale for $400, but the customer is totally unaware of the sale. Still the company credits $100 to the customer's account. In this new consumer-friendly System, the company does all the work so that the consumer, while doing nothing, can enjoy the best possible price. Just as some years ago consumers sought out vendors who accepted credit cards, now consumers will seek out retailers, restaurants, stores, and companies who offer this revolutionary hassle-free Guaranteed Pricing System. The Guaranteed Pricing System can be offered by a vendor for a minimal surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. each time a customer makes a purchase (in which case a customer can choose whether or not to pay the surcharge and take advantage of the price guarantee) or a vendor may offer the System for free. With a small enough surcharge, customers will have no problem opting for the Guaranteed Pricing System. If a Credit Card company offers the Guaranteed Pricing System for purchases made with its card, consumers will choose to use that Credit Card instead of the card of a competitor that does not offer the new System. In recent years, Ocean Tomo LLC Ocean Tomo is a merchant bank that specializes in intellectual property transactions, such as financing the sale and licensing of patent rights. Their home office is in Chicago, IL, USA. Their current CEO is James E. Malackowski. has broken new ground in the auctioning of intellectual property. In its Fall 2007 auction, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Patent 7,107,225 and pending patent applications on the new System will be auctioned. The auction details and a description of the patent and patent applications ("Lot 3") are available at www.oceantomo.com. |
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