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Ocean Tomo to Sell Strategic Patent at Auction Related to the Delivery of Rich-Media Applications via the Internet.


U.S. Patent Number 7,000,180 to Be Offered at Auction on Oct 25(th) in Chicago Related to Utilizing Rich-Media for the Creation of Websites and Other Applications via the Internet

CHICAGO -- Ocean Tomo Auctions today announced it will offer for sale a strategic patent titled "Utilizing rich-media for the creation of websites and other applications via the Internet." U.S. Patent Number 7,000,180 will be offered as Lot 20A at The Ocean Tomo Fall 2007 Live IP Auction on October 25th at the Palmer House This article is about the hotel in Chicago. For the Sauk Centre hotel, see The Palmer House (Sauk Centre). For Potter Palmer's mansion, see Palmer Mansion

The Palmer House Hilton is a famous and historic hotel in downtown Chicago.
 Hilton in Chicago.

"The patent and its pending continuation-in-part application will provide its owner with a strategic competitive advantage across many industries and applications," said Andrew T. Ramer, President of Ocean Tomo Auctions. "The patented technology has broad enough applicability to impact diverse industries ranging from retail and services to communications and entertainment."

Click here to find out how this patent potentially can impact a wide spectrum of industries and applications. (http://69.59.189.170/Auction/Catalogue/OTA_Catalogue_Lot.asp?eventid= 102007&Lot=20A) (Due to its length, this URL URL
 in full Uniform Resource Locator

Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program.
 may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

USP USP - unique sales point  7,000,180 has 83 claims that span a wide range of rich-media Internet application methods, systems and processes. Significantly, the patent is directed to the intersection of two concepts important to Web 2.0: user generated content (UGC See user-generated content. ) and software-as-services (SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. ). User generated content today, for example, includes rich-media websites that incorporate video and music. Online social networking See social networking site.

social networking - social network
 destinations allow users to create sophisticated content incorporating customizable chat, polling, webcams, and collaboration components. This rich set of functionality is created and published using online applications, delivered over the Internet as software-as-services. The patent offered in Lot 20A anticipated a future where user generated content would evolve to include highly interactive applications incorporating rich-media content and software-as-services would evolve to include rich, desktop application-like functionality.

Unique Acquisition Opportunity

Companies with a vested interest Vested Interest

A financial or personal stake one entity has in an asset, security, or transaction.

Notes:
For example, if you have a mortgage, your bank has a vested interest on the sale of your house.
See also: Right
 in software development tools and technologies will find this patent particularly interesting as it can help to promote that company's standards and strategic agenda. Publishers of traditional shrink-wrapped software Refers to store-bought software, implying a standard platform that is widely supported.  who are moving or considering a move to software-as-services will also find this patent beneficial. Mobile phone operators, carriers and handset manufacturers will find the patent applicable to user generated content and on-demand mobile phone applications. Startups or established companies currently investing in user generated content technologies can create a strategic, long-term, competitive advantage by building a barrier to entry into their respective markets.

For more information on Lot 20A or to register to bid at The Ocean Tomo Fall 2007 Live IP Auction, please visit www.OceanTomoAuctions.com or contact us directly at 312.377.4851 or auctions@oceantomo.com.

About Ocean Tomo Auctions:

Ocean Tomo Auctions, the auctions arm of Ocean Tomo, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (www.OceanTomo.com), the country's leading Intellectual Capital Merchant Banc([R] )firm, has received global recognition as the leader in the live auctioning of intellectual property assets for some of the world's largest and most established companies. Hundreds of key decision makers in the intellectual property and financial communities attend and participate in the auctions and related workshops, including C-level executives, Fortune 500([R]) IP professionals, investors, small to mid-size companies, inventors and media professionals. Ocean Tomo Auctions has been featured on CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc.
, Bloomberg TV, The Wall Street Journal, Barron's, Red Herring Red Herring

A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company.

Notes:
, BusinessWeek, Reuters and more. The live auctions are held in the spring and fall in the U.S. and in the summer in Europe.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 17, 2007
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