Single Touch Systems Cites Patent Ownership in "Letter of Notification" to Facebook, Inc.
Single Touch Systems Cites Patent Ownership in "Letter of Notification" to Facebook, Inc.
JERSEY CITY, N.J.--(BUSINESS WIRE)-- Single Touch Systems Inc. (OTC BB: SITO), a technology based mobile media solutions provider that enables businesses, advertisers and brands to easily connect with customers through its patented technologies, announced today that its wholly owned subsidiary, Single Touch Interactive R&D IP, Inc. has issued a "Letter of Notification" to Facebook, Inc. regarding Single Touch's issued patents directed to streaming and routing media, including U.S. Patent Nos. 7,054,949, 7,191,244, 7,689,706 and 8,015,307. The letter was sent on behalf of Single Touch by attorneys Polsinelli Shughart, P.C.
Facebook Inc's., (NAS: FB) mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them. 1 Facebook enables advertisers to reach more than one billion people with ads that are relevant, engaging and have social context. 2 In the Third Quarter of 2012 14% of Facebook's ad revenue came from mobile. 3
Single Touch Systems, Inc. and its subsidiary has a current portfolio of 18 issued and additional pending patents related to mobile search, commerce, advertising and streaming media. "This latest notification is consistent with our strategy to raise awareness of our intellectual property," noted Anthony Macaluso, Single Touch's Chairman and Chief Innovation Officer.
1 Source: http://newsroom.fb.com/Key-Facts
2 Source: http://newsroom.fb.com/Advertising
3 Source: Facebook Q3 2012 Earnings Conference Call
About Single Touch Interactive, Inc.
Single Touch Interactive, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Interactive, Inc visit: www.singletouch.net
Forward-Looking Statements
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch's judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch's expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch's most recent Form 10-K filing with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.
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Jeffrey Goldberger / Rob Fink
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