Thursday April 15, 11:53 am Eastern Time
Company Press Release
SOURCE: E-Data, Inc.
E-Data Commences Appeal in Internet Patent Case
GREENWICH, Conn., April 15 /PRNewswire/ -- E-Data, Inc., (OTC Bulletin Board:
EDTA - news) announced today that it is proceeding with an appeal of a
District Court ruling to the Court of Appeals for the Federal Circuit. In May
of 1998, District Court Judge Barbara Jones rendered a ruling which
interpreted the claims of E-Data's Freeny Patent. Under Judge Jones' narrow
interpretation, a system which downloads information onto a material object
at a kiosk or retail store, for example, would infringe the claims of the
Freeny Patent. E-Data strongly believes that the District Court erred in
interpreting the claims so narrowly. E-Data's patent counsel, Graham & James,
is in the process of preparing the appeal. In order to expedite the appeal,
E-Data agreed to a dismissal of the District Court case.
E-Data intends to pursue licenses with parties who infringe the claims of the
Freeny Patent under the District Court's interpretation. E-Data owns related
patents in Europe and Canada which survive for a longer period than the
United States patent. E-Data will be exploring opportunities to exploit these
patents, as well.
This press release contains certain forward-looking statements relating to
such matters as anticipated financial performance, business prospects,
technological developments, new products, research and development activities
and similar matters. The Private Securities reform Act of 1995 provides a
safe harbor for forward-looking statements. In order to comply with the terms
of the safe harbor, the Company notes that a variety of factors could cause
the Company's actual results to differ materially from the anticipated
results of other expenditures expressed in the Company's actual results to
other expenditures expressed in the Company's forward-looking statements.
E-Data, Inc.'s, common stock is traded in the over-the-counter market under
the trading symbol, ``EDTA.'' To receive a current Corporate Profile and
complete due diligence package on the Company, please call Fifth Avenue
Communications at 1-800-992-6616 or visit their web site at:
www.stocksfifthavenue.com or e-mail your request to: [email protected]
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