Business
Sale of IP for USD700,000
Sale of IP for USD700,000.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n Messaging International Plc\n03 September 2007\n\n\n Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology\n\n3 September 2007\n\n\n Messaging International Plc ('the Company')\n\n Sale of Rights to Intellectual Property for $700,000\n\n\nMessaging International Plc, the AIM traded provider of innovative messaging\nservices, has sold the rights to intellectual property it developed and for\nwhich a patent was granted in 2006 to a US based invention company for $700,000\n(approximately £350,000).\n\n\nThe patent, received in 2006, is a method for identifying a message selection\nmade at a mobile station, which enables users to seamlessly reply to messages\nacross various messaging services. Messaging International will be able to\ncontinue to use the patent for its products and services through the sale\nagreement.\n\n\nGuy Levit, CEO at TeleMessage said, 'This transaction highlights the Company's\nadvanced technological and innovative capabilities. Our in-house R&D team\ncontinues to generate cutting-edge products to service the growing demands of\nour clients, hungry for the latest messaging technology and keen to adopt new\nuser-friendly methods of communication.'\n\n\n * * ENDS * *\n\n\nFor further information visit www.telemessage.com or contact\n\nGuy Levit Messaging International Plc Tel: + 972 3 922 5252\nIsabel Crossley St Brides Media & Finance Ltd Tel: +44 (0)20 7242 447\nMark Percy Seymour Pierce Ltd Tel: +44 (0)20 7107 8000\n\n\nMessaging International Plc: Messaging International Plc joined AIM in August\n2005 with the objective of becoming a leading provider in the rapidly growing\nmultimedia messaging market. Its 100% owned subsidiary, TeleMessage Ltd (\nwww.telemessage.com), provides cross-platform media messaging management systems\nand applications. These are designed to enable PC, browser, mobile phone and\nwireline telephone users to send, receive and manage voice messages, email, SMS,\nIM and MMS across various media platforms. It supports multiple languages, text\nto speech conversion, e-mail notification, unlimited SMS length, and direct\nreply to SMS capabilities, all illustrating the uniqueness of the service. The\nCompany has a number of contracts with major blue chip companies including\nRogers Wireless, the largest wireless provider in Canada and Sprint/Nextel, one\nof...