SCOTTSDALE, Ariz., March 25 /PRNewswire-FirstCall/ -- MedCom USA, Inc.
(OTC Bulletin Board: EMED), a leading provider of HIPAA compliant
healthcare and financial transaction solutions for the healthcare industry
owning approximately 40% of the issued shares of Card Activation
Technologies (OTC Bulletin Board: CDVT), announced that Card Activation won
a significant court ruling on March 20, 2008, in its lawsuit against major
retailers Barnes & Noble, Inc. (NYSE: BKS) and Aeropostale, Inc. (NYSE:
ARO). Barnes & Noble and Aeropostale sought to invalidate the Card
Activation patent in that litigation. Federal District Court Judge Joan B.
Gottshall entered a decision, however, refusing to accept Barnes & Noble
and Aeropostale's position that Card Activation's patent is invalid.
Mark Roth of Orum & Roth LLC, one of Card Activation's attorneys,
deemed the ruling very significant for Card Activation's litigation and
licensing efforts. "Card Activation's victory on this motion significantly
strengthens our position in this, and other cases. The court's decision
furthers our belief in the strength of the patent and our claims against
those entities that we have sued as well as those entities that we have
contacted to discuss taking a license under the patent," said Mr. Roth.
The Card Activation patent relates to a method used by most retailers
for processing debit styled cards, which include gift cards and phone
cards. Card Activation currently has lawsuits pending against Walgreen
Company (NYSE: WAG), Sears Holding Corporation (Nasdaq: SHLD), TJX
Companies (NYSE: TJX) and OfficeMax ((NYSE: OMX), as well as Barnes & Noble
and Aeropostale. Card Activation has also placed on notice approximately
600 retailers relating to their potential infringement of the patent.
MedCom spun out Card Activation Technologies in 2006 into a separate
trading company due to the huge potential for licensing of the company's
technology in the prepaid card market. http://www.medcomusa.com . Card
Activation Technologies, Inc. is a Chicago-based company that owns
proprietary patented payment transaction technology used for processing
gift cards, phone cards and other debit purchase transactions. The company
is actively seeking to license its technology to the thousands of current
users and believes that many retailers, gas stations, phone companies and
others that utilize those stored value cards, such as gift and debit,
infringe its patent. As a result, the company is aggressively pursuing
litigation against these infringements. The Federal Reserve Bank of
Philadelphia estimated prepaid card market to be valued in excess of $181.7
billion in transactions in 2006. According to market forecasts, the prepaid
industry will grow to $421.5 billion by 2010. For further information about
Card Activation Technologies go to http://www.cardactivation.com .
Certain statements in this press release that are not historical facts
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements may be identified
by the use of words such as "anticipate," "believe," "expect," "future,"
"may," "will," "would," "should," "plan," "projected," "intend," and
similar expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of Card Activation Technologies, Inc.
(the Company) to be materially different from those expressed or implied by
such forward-looking statements. The Company's future operating results are
dependent upon many factors, including but not limited to the Company's
ability to: (i) defend its patent; (ii) build the management and human
resources and infrastructure necessary to support the growth of its
business; (iii) competitive factors and developments beyond the Company's
control; and (iv) other risk factors discussed in the Company's periodic
filings with the Securities and Exchange Commission, which are available
for review at http://www.sec.gov under "Search for Company Filings."
Contact for MedCom USA, Inc.
Kent Barghols
Ph. 515-276-1180
SOURCE MedCom USA, Inc.
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Related links:
http://www.medcomusa.com
http://www.cardactivation.com
CONTACT:
Kent Barghols of MedCom USA, Inc.,
+1-515-276-1180
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