Press Releases

General Patent Corporation Licenses DTL Patent to SRT Communications and IT&E Overseas

Suffern, NY, July 20, 2009 − General Patent Corporation (GPC), a leading patent licensing and patent enforcement firm, announced today on behalf of its client, Digital Technology Licensing LLC (DTL), that it has licensed DTL's patent to SRT Communications, Inc. of Minot, ND, and IT&E Overseas, Inc. of Tamuning, Guam.

DTL owns US Patent No. 5,051,799 titled “Digital Output Transducer.” This patented technology covers Adaptive Multi-Rate (AMR) codec and other cellular communication standards and is used to assure backward compatibility of cell phone handsets and base stations. Other applications of this patented technology include Bluetooth devices.

“We are very pleased to extend a license under the DTL patent to SRT Communications and IT&E Overseas,” said Paul Lerner, General Patent’s Sr. Vice President and General Counsel. “We are happy to extend our standard royalty rate of 0.7% to other cell phone carriers on non-discriminatory terms.”

The terms of license agreements with SRT Communications and IT&E Overseas include both companies paying the DTL standard royalty rate of 0.7%. SRT Communications, Inc. is the largest telephone cooperative in North Dakota, providing wireless telephone service as well as Cable TV and traditional telephone services, and selling cell phones and Bluetooth devices. IT&E Overseas, Inc. provides wireless telephone and DSL Broadband service in Guam and the Northern Marianas, and sells cell phones and Bluetooth devices.

General Patent Corporation represents DTL in the licensing and enforcement of the ‘799 Patent. DTL brought patent infringement lawsuits against Verizon Wireless, Cingular Wireless (now known as AT&T Mobility), T-Mobile, Sprint and other companies. GPC previously announced that Nokia, Ericsson, Sony-Ericsson, Samsung, LG and others had licensed DTL’s Patent, and that all lawsuits except for Verizon, Sprint and Kyocera had been settled. SRT Communications and IT&E Overseas were third-party defendants in the Kyocera patent litigation.

About Digital Technologies Licensing LLC


Digital Technology Licensing LLC of Suffern, NY is the owner of U.S. Patent No. 5,051,799 titled “Digital Output Transducer.” DLT is a portfolio company of IP Holdings LLC and is managed by General Patent Corporation. A non-exclusive license under the patent is available on reasonable and non-discriminatory terms. For licensing terms, contact Kathlene Ingham at (845) 368-4000 x107. For more information, please visit www.digitaltechnologylicensing.com.

About IP Holdings LLC

IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP Holdings provides IP-related finance as well as IP brokerage services. IP Holdings also operates an idea incubator. IP Holdings is a member of DTL. For more information on IP Holdings, visit www.ip-holdings.com.

Former Commissioner of Patents and Trademarks Joins GPC's Advisory Board of Directors

Suffern, NY - July 7, 2009 - Hon. Bruce A. Lehman, U.S. Commissioner of Patents and Trademarks under the Clinton administration, has joined the Advisory Board of Directors of General Patent Corporation (GPC), a leading intellectual property (IP) firm focusing on patent licensing and enforcement, IP strategy and valuation.

Mr. Lehman is well known and well respected within the international patent community. He served as the Assistant Secretary of Commerce, the Director of USPTO and the U.S. Commissioner of Patents and Trademarks from 1993 through 1998. Mr. Lehman is Chairman of the International Intellectual Property Institute (IIPI), a non-profit IP think tank and development organization that he founded in Washington, DC more than ten years ago, and is a senior counsel for the Baltimore, MD based law firm Whiteford Taylor Preston LLP.

"We are honored to have Mr. Lehman join our Advisory Board of Directors," says Alexander Poltorak, Chairman and CEO of General Patent Corporation. "Bruce is one of the most prominent and respected figures in the world of IP. His perspective and advice will be invaluable to General Patent in the coming years."

The Advisory Board of Directors at General Patent Corporation guides the company's senior management on important issues, offering strategic counsel and direction as well as providing input on tactical issues such as current changes in patent laws, patent-related legislation, and industry trends and developments.

"General Patent Corporation is one of the oldest and most respected IP management and patent licensing firms," said Mr. Lehman. "Its work on behalf of small companies and independent inventors is well known and commendable. I am pleased to be associated with the company."

Bruce Lehman holds Bachelor's and JD Degrees from the University of Wisconsin. Mr. Lehman worked for the House of Representative for nine years as counsel to the Committee on the Judiciary and chief counsel to the Subcommittee on Courts, Civil Liberties, and the Administration of Justice. For ten years he was a partner in the Swidler & Berlin law firm in Washington, DC. Mr. Lehman was named "Lawyer of the Year" by the National Law Journal in 1994, and he was inducted to the International Intellectual Property Hall of Fame in 2006. He has provided expert testimony in a number of patent disputes and advises a number of leading corporations on public policy matters as they relate to intellectual property.

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Former Executive Director of Columbia University’s Technology Transfer Joins GPC’s Advisory Board of Directors

Suffern, N.Y., June 30, 2009 – General Patent Corporation (GPC), a leading intellectual property (IP) boutique focusing on patent licensing and enforcement, announced today that Jack Granowitz has joined General Patent Corporation’s Advisory Board of Directors. Mr. Granowitz was one of the founders of the Technology Transfer office at Columbia University and its Executive Director from 1988 until 2000.

“We are very pleased to have Jack join our Advisory Board,” said Dr. Alexander Poltorak, Chairman and CEO of General Patent Corporation. “As a founder of one of the most successful university tech transfer offices in the US, Jack has a unique perspective on the challenges facing universities that seek to produce a return on their investment in research. Jack’s insight into the academic tech transfer business will be invaluable to General Patent in developing our services to the academic community.”

The Advisory Board of Directors at General Patent Corporation will advise the company’s senior management on strategic issues including industry trends and business developments. Mr. Granowitz is the first member to join the Advisory Board. This choice signals a strong commitment on the part of General Patent Corporation in serving universities and the academic community.

“General Patent, which is well known for its commitment to supporting innovation, can play an important role in helping universities and their spinoffs to license and enforce valuable patents,” observed Jack Granowitz. “I am very pleased to join GPC’s Advisory Board and look forward to advising their executives on issues related to university business.”

Under the leadership of Mr. Granowitz, Columbia University’s revenue from intellectual property licensing and support for industrial research and development grew to more than $167 million a year. Prior to joining Columbia University, Jack Granowitz worked in the corporate health care sector. He was Vice President/General Manager of the International Division of IPCO Corporation and also
held executive positions at American Cyanamid and Pfizer. Mr. Granowitz holds several patents related to medical and surgical products. He holds Bachelor’s and Master’s degrees in Chemical Engineering from New York University and an MBA from Iona College.

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General Patent Corporation Licenses DTL Patent to Plantronics and Sennheiser

Suffern, NY, May 5, 2009 − General Patent Corporation (GPC), the leading patent licensing and patent enforcement firm, announced today on behalf of its client, Digital Technology Licensing LLC (DTL), that it has licensed DTL's patent to Plantronics, Inc. (NYSE: PLT) and Sennheiser Communications A/S of Denmark.

DTL owns U.S. Patent No. 5,051,799 titled “Digital Output Transducer,” which is an essential patent for digital studio microphones. The patented technology also covers Adaptive Multi-Rate (AMR) codec and other cellular communication standards and is used to assure backward compatibility of cell phone handsets and base stations. Other applications of this patented technology include Bluetooth headsets.

“We are very pleased to extend a license under the DTL patent to Plantronics and Sennheiser for their Bluetooth headsets and microphones,” said Paul Lerner, General Patent’s Sr. Vice President and General Counsel.

General Patent Corporation represents DTL in the licensing and enforcement of the ‘799 Patent. DTL brought patent infringement lawsuits against Verizon Wireless, Cingular Wireless (now known as AT&T Mobility), T-Mobile, Sprint and other companies. GPC previously announced that Nokia, Ericsson, Sony-Ericsson, Samsung, LG and others had licensed DTL’s Patent, and that all lawsuits except for Verizon, Sprint and Kyocera had been settled.

About Digital Technologies Licensing LLC

DTL logo

Digital Technology Licensing LLC of Suffern, N.Y., is the owner of U.S. Patent No. 5,051,799 titled “Digital Output Transducer.” DTL is a portfolio company of IP Holdings LLC and is managed by General Patent Corporation. A non-exclusive license under the patent is available on reasonable and non-discriminatory terms. For licensing terms, please contact Paul Lerner at (845) 368-4000 x104. For more information, please visit www.digitaltechnologylicensing.com.

About General Patent Corporation

General Patent Corporation, headquartered in Suffern, New York, represents clients in patent enforcement and assertive licensing matters on a contingency basis. GPC also provides IP valuation, IP strategy and patent brokerage services. General Patent is the premier patent enforcement firm in the U.S., and is the managing member of DTL. For more information, visit www.generalpatent.com.

About IP Holdings LLC

IPH logo

IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP-Holdings provides IP-related financial services as well as IP brokerage services. IP Holdings also operates an idea incubator. IP Holdings is a member of DTL. For more information on IP Holdings, visit www.ip-holdings.com.

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General Patent Corporation Calls New Patent Reform Bill Harmful to Inventors and Entrepreneurs

Suffern, NY - April 21, 2009 - General Patent Corporation chairman and CEO Alexander Poltorak, writing in the popular syndicated "Washington Watch" column circulated throughout the country, strongly criticized the proposed Patent Reform Act of 2009, and said that "recycling a piece of failed legislation is not the best way to protect American inventors and spur innovation."

Calling the proposed new bill "a warmed-over version of a proposed policy package that didn't pass the first time it was introduced in 2007," Dr. Poltorak said "the apportionment of damages and other changes would weaken patents and make it easier for offshore copycats to bring pirated goods into the U.S. This," he continued, "could have serious consequences for American jobs and the country's competitiveness in the global economy."

The proposed changes would transform the U.S. system for granting patents from a "first-to-invent" basis to the European-style "first-to-file" system, which would lead to a "race to the Patent Office" that favors large corporations over small inventors.

"Many critics," Dr. Poltorak said, believe the proposed changes as currently written "will diminish many of the protections offered by the current law and discourage innovation and venture investment, and make it even more difficult to enforce a patent."

Dr. Poltorak's company, General Patent Corporation, has for the past 22 years assisted inventors and entrepreneurs with licensing and enforcement of their patents, and helped them protect their intellectual rights and property under the law.

Dr. Poltorak, a national expert on the U.S. patent system and a coauthor of two books on intellectual property, also serves as founding president of American Innovators for Patent Reform. Dr. Poltorak has been involved with patent licensing and enforcement, and intellectual property management for over 20 years.

For further information, contact General Patent Corporation at www.generalpatent.com, write to info@generalpatent.com or telephone 845-368-4000 x116.

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Patent Reform Threatens to Weaken Patent Protection and Undermine U.S. Technological Competitiveness

Suffern, NY - March 4, 2009 - General Patent Corporation (GPC), a leading patent licensing and enforcement company providing assistance to small inventors and entrepreneurs throughout the United States, announced its disappointment with the latest Congressional initiatives to reform America's patent laws. With the nation expecting more from the new Congress and the newly-elected Obama administration, it was hoped that the latest initiatives would have strengthened the nation's commitment to sustain America's traditional leadership in technology innovation.

Dr. Alexander Poltorak, chairman and CEO of GPC, says he "strongly believes that while some improvement is needed, the 2009 bill simply attempts to regurgitate the Patent Reform Act of 2007, and it will undermine the core of the U.S. patent system and weaken protection for small inventors, American entrepreneurs and university researchers. Pushed by the same corporate interests that lobbied for the 2007 legislation, the new bill appears to repeat the mistakes of the last two years, and− if passed − would legislate apportionment of damages and devalue existing patents en masse."

"Unfortunately," Dr. Poltorak adds, "the new bill repeats the proposed changes of the Patent Reform Act of 2007, which were passed by the House of Representatives but later stumbled in the Senate. If passed this year, the new bill would replace America's 'first to invent' system − which favors innovators - with a European-style 'first to file' approach that encourages a race to the patent office that rewards large corporations."

While a handful of high-tech giants support this weakening of patent protection, the smaller high-tech companies − the true innovators of the industry − overwhelmingly reject them along with innovators from other industries, not to mention biotech and pharma who will vehemently oppose the bill.

"In our view," Dr. Poltorak continues, "this legislation will undercut American industry and open the floodgates to pirated products from offshore, clearly betraying small and independent inventors, the backbone of American ingenuity."

It's lamentable, says Dr. Poltorak, that these "reform" proposals were hijacked by corporate America and are being mischaracterized as a fight between high-tech giants and big pharma. Small inventors have been squeezed out of the debate, and small high-tech companies, the nation's true innovators − who are overwhelmingly pro-patent − continue to reject this proposal.

Dr. Poltorak, a national expert on the U.S. patent system and a coauthor of two books on intellectual property, also serves as founding president of American Innovators for Patent Reform. Dr. Poltorak has been involved with patent licensing and enforcement, and intellectual property management for over 20 years.

About General Patent Corporation

General Patent Corporation (GPC), headquartered in Suffern, NY, is a leading IP boutique focusing on patent licensing and patent enforcement, assisting inventors with patent infringement claims. GPC also offers IP strategy, IP valuation, patent brokerage and IP consulting services.

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Ryogen is Awarded Patents on Two Human Genes

Suffern, NY, February 24, 2009 — Ryogen LLC, a genetic company headquartered in Suffern, New York, announced today that it has been awarded by the U.S. Patent and Trademark Office two patents on human genes.

U.S. Patent Nos. 7,468,266 titled “Isolated genomic polynucleotide fragments that encode human lipoprotein-associated phospholipase A2” and 7,470,522 , titled “Isolated genomic polynucleotide fragments encoding human resistin and the human syntaxin binding protein 2” cover isolated genomic polynucleotide fragments that encode human lipoprotein-associated phospholipase A2, human resistin, vectors and hosts containing these fragments and fragments hybridizing to noncoding regions as well as antisense oligonucleotides to these fragments and methods of using these fragments to obtain the coded proteins and to diagnose, treat, prevent and/or ameliorate a pathological disorder.

“I am very pleased that the U.S. Patent Office awarded us these patents,” said Dr. James W. Ryan, the named inventor and Chief Scientist of Ryogen.

“The claimed genes are directed to proteins, which are thought to play important roles in serious human diseases,” Dr. Ryan continued. “Human lipoprotein-associated phospholipase A2 is one of the enzymes that can initiate synthesis of proinflammatory mediators. The enzyme appears to play a central role in the development of atherosclerosis and is regarded as an independent risk factor for coronary artery disease. Its level has been found to be altered in patients with systemic lupus erythematosis, stroke and asthma. Resistin is involved in regulation of insulin effects and is believed to provide a link between obesity and Type 2 diabetes.”

“The patents are an important addition to Ryogen’s patent portfolio,” said Valeria Poltorak, Ryogen’s Executive Vice President. “We are planning to license the newly issued patents and make these genes widely available for research to promote the development of new methods of genetic diagnostics and treatment,” she concluded.

About Ryogen LLC

Ryogen LLC, headquartered in Suffern, NY, is a genomic start-up and a portfolio company of an idea incubator, operated by IP Holdings LLC, also located in Suffern, NY. Ryogen is managed by General Patent Corporation, a premier patent licensing and enforcement boutique.

For further information on Ryogen contact Valeria Poltorak, Ryogen LLC, Montebello Park, 75 Montebello Road, Suffern, NY 10901; telephone: (845) 368-4000 x111; or e-mail: valeria@ryogen.com.

About IP Holdings LLC

IP Holdings LLC is an IP-centric merchant banking organization which operates an idea incubator with a focus on patent commercialization. IP Holdings LLC is affiliated with General Patent Corporation, a premier patent licensing and enforcement boutique. For further information on IP Holdings contact IP Holdings LLC, Montebello Park, 75 Montebello Road, Suffern, NY 10901; telephone: (845) 368-4000; e-mail: info@ip-holdings.com or visit www.ip-holdings.com.

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General Patent Corporation Consummates Four More Licenses for Web-Based Prediction Marketplace Patent

Licenses Are the Result of a Patent Infringement Lawsuit

SUFFERN, NY, February 17, 2009 – General Patent Corporation (GPC), a leading patent licensing and patent enforcement firm, announced today on behalf of its client, Renhcol, Inc., that four additional licensing agreements for the “Web-Based Prediction Marketplace” Patent have been finalized as a result of settlements in a patent infringement lawsuit with Pregame, LLC ( Las Vegas, NV), 1402487 Ontario Limited (Toronto, ON), IGC Entertainment Corporation (Vancouver, BC) and National Sports Services (IGC), Inc. (Las Vegas, NV).

Renhcol, Inc. owns the patent-in-suit, No. 6,260,019 titled “Web-Based Prediction Marketplace” that pertains to the on-line prediction of future events. The patent infringement lawsuit (2:08-cv-00388) was filed in the Eastern District of Texas.

In January 2009, Pregame, LLC, settled the lawsuit and took a license under the patent-in-suit. 1402487 Ontario Limited, IGC Entertainment Corporation, National Sports Services (IGC) and Pregame were all defendants in the patent infringement lawsuit, and all companies agreed to settle the lawsuit and license the Patent. This Patent was the subject of a previous lawsuit that resulted in a settlement and six licenses for the Patent.

General Patent Corporation represents Renhcol, Inc. as its exclusive licensing agent.

“We are pleased to have reached an amicable settlement with four of the defendants in this lawsuit, and we look forward to settling with the rest of them,” said Paul Lerner, General Patent’s Sr. Vice President and General Counsel.

“Renhcol, Winning Edge and Betbrokers are very pleased that General Patent has licensed ten companies for our Patent,” said Wayne Root, CEO of Winning Edge International, Inc. Winning Edge and Rehncol are both subsidiaries of Betbrokers PLC (LSE: BETB).

A non-exclusive license under the Patent is available on reasonable and non-discriminatory terms. For licensing terms, contact at Paul Lerner at 845-368-4000 x104.

About Renhcol

Renhcol, Inc. is the owner of U.S. Patent No. 6,260,019 titled “Web-Based Prediction Marketplace”. Renhcol, Inc. and Winning Edge International, Inc. (formerly known as GWIN) are both wholly-owned subsidiaries of Betbrokers PLC. For more information about Winning Edge, visit www.winningedge.com.

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Renhcol Settles Patent Infringement Lawsuit with Pregame

General Patent Corporation Was Licensing Agent

SUFFERN, N.Y., January 22, 2009 − General Patent Corporation (GPC), a leading patent licensing and patent enforcement firm, announced today on behalf of its client, Renhcol, Inc. − a wholly-owned subsidiary of Betbrokers PLC (LSE: BETB) − that Renhcol settled its patent infringement lawsuit against Pregame LLC of Las Vegas, NV.

A lawsuit against Pregame LLC and several other defendants was filed in October of 2008 in the Eastern District of Texas (2:08-cv-00388) for the infringement of Renhcol’s U.S. Patent No. 6,260,019 (the “Patent”). Ultimately, Pregame agreed to settle the lawsuit and license the Patent.

General Patent Corporation represents Renhcol as its exclusive licensing agent.

“We are pleased to have reached an amicable settlement with Pregame and look forward to settling with the rest of the defendants,” said Paul Lerner, General Patent’s Sr. Vice President and General Counsel.

Renhcol, Inc. owns U.S. Patent No. 6,260,019 titled “Web-Based Prediction Marketplace.” The patented technology pertains to the on-line prediction of future events. This patent was the subject of a prior lawsuit, which resulted in all of the defendants licensing the ‘019 Patent.

“Betbrokers, Renhcol and Winning Edge are pleased that settlements are coming quickly in this second lawsuit,” said Wayne Root, CEO of Winning Edge International, Inc. Winning Edge is also a subsidiary of Betbrokers PLC.

A non-exclusive license under the Patent is available on reasonable and non-discriminatory terms. For licensing terms, contact Paul Lerner at 845-368-4000 x104.

Renhcol, Inc. is represented in this lawsuit by the law firm of DiNovo Price Ellwanger LLP, a patent litigation boutique in Austin, TX.

About Renhcol

Renhcol, Inc. is the owner of U.S. Patent No. 6,260,019 titled “Web-Based Prediction Marketplace”. Renhcol, Inc. and Winning Edge International, Inc. are both wholly-owned subsidiaries of Betbrokers PLC. For more information, about Winning Edge, visit www.winningedge.com.

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Worlds.com Sues NCSoft for Infringing Key Virtual Worlds Patent

SUFFERN, N.Y., December 31, 2008 — General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today that it filed a patent infringement lawsuit against NCSoft Corp. of Austin, TX on behalf of its client, Worlds.com, Inc. (Worlds).

The lawsuit (Case 6:08-cv-00508) was filed in the United States District Court for the Eastern District of Texas, Tyler Division.

Worlds.com, Inc. (OTC BB: WDDD), of Brookline, MA, owns US Patent No.7,181,690 titled “System and Method for Enabling Users to Interact in a Virtual Space” (the ‘690 Patent). The Patent relates to computer architecture for a three-dimensional graphical multi-user interactive virtual world system. Such systems are utilized in Massive Multi-Player Online Games (MMORPG) of the type known as Graphical Multi-Dimension (GMUD) games, which provide a graphical representation of the player’s character (avatar) wherein movement of the character in virtual space alters what the character views.

General Patent Corporation has represented Worlds.com, Inc. since 2002 as its exclusive licensing agent.

“We had to protect our client’s intellectual property,” said Alexander Poltorak, GPC’s Chairman and CEO. “However, we welcome a dialog with NCSoft and other MMO game vendors.”

NCSoft Corp., a game developer with US offices in Austin, TX, is the purveyor of such games as City of Heroes, Guild Wars, Tabula Rasa, Lineage, and Lineage II, which have been identified in the complaint as infringing the Worlds’ Patent.

“We intend to vigorously enforce Worlds' intellectual property rights and look forward to a speedy and amicable resolution of this matter,” said Stephen Roth of Lerner David Littenberg Krumholz & Mentlik LLP, the lead counsel in the case.

Worlds.com has been a pioneer in the field of Virtual Worlds since the early nineties,” stated Thom Kidrin, Worlds' CEO. “We are pleased to see that the technology we developed is now widely used by MMO game developers. At the same time, we deserve a fair compensation for the use of our patented technology.”

About Worlds.com, Inc.

Worlds.com, Inc. of Brookline, MA is a leader and pioneer in the development and delivery of 3D content and technology on the internet. Founded in 1994, Worlds utilizes its patented 3D technology in partnership with brand leaders in specific market segments to offer 3D multi-user environments that have interactive Avatars, rich media graphics, text chat, voice-to-voice chat, video and e-commerce. The 3D communities allow visitors to interact with each other, teleport throughout the Worlds environment, as well as participate in shared experiences. Besides partnering with existing content providers that have strong brands and an existing following, Worlds also encourages individuals to create their own virtual spaces, communities and unique Avatars with easy-to-use tools. Worlds was, and remains, true “social networking” well before the term became mainstream. For more information on Worlds, please visit www.worlds.com.

Forward Looking Statements

This release contains certain forward-looking statements and information relating to Worlds that are based on the beliefs of Worlds' management, as well as assumptions made by and information currently available to the Company. Such statements reflect the current views of the Company with respect to future events including estimates and projections about its business based on certain assumptions of its management, including those described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors, changes in demand for the Company's services and products, and changes in technology. Additional risk factors are included in the Company’s public filings with the SEC. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as hoped, anticipated, believed, estimated, preparing or expected. The Company does not intend to update these forward-looking statements.

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