CPVD LOL oh well, sometimes DS does well.
CompuSonics Video Announces Plan to License Patents
WEST BLOOMFIELD, Mich., April 28 /PRNewswire/ -- CompuSonics Video Corporation (OTC Bulletin Board: CPVD - news) announced that it will begin to
launch a formal program to attempt to license its patent portfolio relating to data compression technology. The Company has completed the initial phase of a review
to identify potential target companies that provide services or offer electronic products that may use data compression technology similar to that covered by the
patents in which the Company has an interest.
The Company's U.S. and foreign patents cover fundamental techniques for digital recording and playback of audio and video data. Compression of digital data, now
in widespread use, has become increasingly important for transmitting audio and video signals over the Internet and wireless systems, due to the inherent bandwidth
limitations of these systems. The popularity of new storage and delivery systems such as DVD and video-on-demand add to the demand for data compression, as
storage mediums shrink in size and the trend continues toward remote storage and retrieval of data.
The Company will be contacting the target companies in the near future with a written offer of a license under the Company's patents. The terms of each license will
be negotiated on a case-by-case basis. The Company stated that although it has not yet completed its analysis to determine whether any infringements have
occurred, it believes that a number of the target companies may want to seriously consider taking a license under the Company's patents as a way of resolving any
conflicts that may exist as a result of their possible use of our patented technology. The company also indicated that it is continuing to study the market in an attempt
to identify other companies that may require a license. Coincident with this initial licensing effort, the company will continue the process of determining the relationship
between the technology covering its patents and the use of similar technology in today's marketplace as it seeks its licensing opportunities.
The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward- looking
statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act
of 1934, as amended. These statements involve significant risks and uncertainties that could cause actual results to differ materially from the forward-looking
statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange
Commission filings; the ability of the Company to determine whether infringements have occurred on its patents, the ability of the Company to license its technology
to other companies, the scope of the Company's patents as it relates to technology in today's marketplace, economic downturns affecting the operations of the
Company or any of its business operations, and the unavailability of financing to complete management's plans and objectives. The forward-looking statements
contained in this press release speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.
SOURCE: CompuSonics Video Corporation
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