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Single Touch Systems Acquires Advertising Centric Patent Portfolio for $5.5 Million
Stuart Smith (July 17th, 2009) Writes:
SAN DIEGO, June 2 /PRNewswire-FirstCall/ — Single Touch Systems (OTC Bulletin Board: SITO) announces the acquisition of a patent portfolio (the Patent Portfolio). The Patent Portfolio contains multiple patents and patents pending related to mobility, including patents on streaming advertising media to mobile devices. The Patent Portfolio represents a managed media solution for building nationally scalable marketing campaigns for mobile devices across carriers.
With this strategic acquisition, Single Touch Systems, the wireless leader in Abbreviated Dial Codes, has positioned itself in the forefront to provide a first of its kind advertising and redemption system in the wireless industry.
‘Targeted advertising and redemption via wireless devices is a big part of what we do! The addition of these patents to our existing e-commerce related patent filings further strengthens our position in this growing sector,’ said Anthony Macaluso, CEO and President of Single Touch. ‘When you
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