Market Overview

Single Touch Provides Intellectual Property Update

JERSEY CITY, N.J.--(BUSINESS WIRE)--

Single Touch Interactive, a wholly owned subsidiary of Single Touch Systems Inc. (OTC BB: SITO) (“the Company”), a technology based mobile media solutions provider that enables businesses, advertisers and brands to easily connect with customers through its patented technologies, provided today an update on the Company's increasing efforts to protect and monetize its intellectual property (IP) rights.

Recent IP activity includes:

  • Participated in a Settlement Conference with Zoove related to the Company's Mobile Abbreviated Dial Code IP

On August 27, 2012, Single Touch participated in a settlement conference with Zoove Corporation. The settlement conference is another progressive step in the Company's patent infringement lawsuit against Zoove, which commenced with the complaint Single Touch filed against Zoove in February of 2012 alleging patent infringement on Single Touch's U.S. Patent Nos. 7,813,716 and 8,041,341 relating to the use of abbreviated dial tones on mobile phones. Single Touch and Zoove have since continued discussions about a possible settlement.

  • Filed Infringement Patent Suit Against Hulu for Streaming Media IP

August 24, 2012, Single Touch filed a patent infringement lawsuit against Hulu, LLC in the United States District Court in the Central District of California. The Company alleges that Hulu has knowingly and willfully infringed upon a Single Touch patent that protects its streaming and routing media technology. In its complaint, Single Touch seeks compensatory and enhanced damages from Hulu. The patent at issue covers Single Touch's unique streaming and routing media technology, which allows a publisher to stream video content to users and serve advertisements, among other applications.

Single Touch retained the law firm Polsinelli Shughart to handle its current cases through Keith Grady, chair of the Intellectual Property and Technology Litigation Group, and James Stipek, a shareholder in the Science and Technology Group. Polsinelli Shughart maintains a national presence in intellectual property enforcement and litigation in technology industries that have a need to protect innovation.

“We have an extensive and growing IP portfolio which we are aggressively defending. Our innovation drives the growth of our operating business and we are positioned to monetize our IP through both our operating business, and through licensing or settlements from companies that wish to continue to use our patented technologies,” stated Anthony Macaluso Chairman and Chief Innovation Officer of Single Touch.

  • Letters of Notification

A Letter of Notification serves to inform a company of various Single Touch IP that may be relevant to their business and invites discussion. Each of the following companies were informed of 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:

1) Netflix (NASDAQ: NFLX) notified on August 21, 2011

2) Apple Computer (NASDAQ: AAPL) notified on September 6, 2011

3) Google (NASDAQ: GOOG) and its YouTube entity notified on September 4, 2012

4) Time Warner's (NYSE: TWX) Turner Broadcasting Systems and CNN Worldwide notified on September 5, 2012

5) Yahoo (NASDAQ: YHOO) notified on September 7, 2012

6) Viacom's (NYSE: VIA) Nickelodeon notified on September 7, 2012

7) Brightcove (NASDAQ:BCOV) notified on September 7, 2012

8) Dish Network Corporation (NASDAQ: DISH) notified on September 12, 2012

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.

“We built Single Touch on a foundation of IP to support our existing business and business expansion efforts. Developing new relationships and expanding our existing relationships with major companies to channel them into the mobile space through innovative products supported by our technology is key for us as we continue grow,” noted Anthony Macaluso, Single Touch's Chairman and Chief Innovation Officer.

About Single Touch Systems Inc.

Single Touch Systems Inc. (SITO) is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, SITO'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 Systems 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.

KCSA Strategic Communications
Jeffrey Goldberger, 212-896-1249
jgoldberger@kcsa.com
or
Rob Fink, 212-896-1206
rfink@kcsa.com

 

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