SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?


To: Lonnie who wrote (3616)3/17/1998 8:45:00 PM
From: Andrew Q. Viet  Respond to of 7054
 
I didn't write the song. It was a repost.

patent:

[ Yahoo | Write Us | Search | Headlines | Info ]

[ Business - Company - Industry - Finance - PR Newswire - Business Wire - Quotes ]

Monday August 25 6:29 PM EDT

Company Press Release

Actrade Receives Notice of Allowance of Patent

Financing Method Incorporates New Use of Tads with Huge Market Potential

NEW YORK--(BUSINESS WIRE)--Aug. 25, 1997--Actrade International, Ltd. (NASDAQ:ACRT), creators of the innovative TAD Program, announced that on August 20, 1997 the Company has received from the United States Patent and Trademark Office a notice of allowance of the Company's pending patent application for a ''Financing Method Incorporating
New Use of Trade Acceptance Drafts.''

Amos Aharoni, CEO stated, ''We are elated to have received this notice of allowance. Our TAD Program has been extremely well received by companies of virtually every size. Step-by-step, the whole market will recognize the benefit of using our TAD Program as a tool for marketing, financing and collection. As our experience expands so do our estimates of exactly how huge the potential market for TADs actually is.''

Actrade International, Ltd. is the parent Company with two operating divisions. Actrade Capital, Inc., serving as the financial
services division, engages in the discount purchase of 60 - 180 day commercial Trade Acceptance Drafts through its
proprietary Trade Acceptance Draft (TAD) Program. The TAD Program, initially targeted for the domestic market, offers a
new, innovative financial service. It allows suppliers (Sellers) of products and services to sell to other businesses (Buyers), on
special terms including up to six monthly installments. Actrade Capital will purchase and process these payments. The TAD
Program can also be used in addition to current, existing credit lines. It requires no liens or UCC filings and decreases the
hassle and paperwork involved with collecting accounts receivable. Actrade International, Corp. functions as the export arm for
twenty U.S. based companies with distribution channels in over fifty countries and its wholly owned subsidiary, Actrade S.A.,
serves as the international trade division concentrating on selling foreign goods in foreign countries.

The matters discussed in this press release contain forward looking statements that involve risks and uncertainties which are
described in the Company's SEC reports, including the 10-K for the period ended June 30, 1997.

Contact:

Actrade International, Ltd.
Mitch Menik, 212/563-1036 ext. 239

More news for referenced ticker symbols: ACRT, and related industries: banking.

Help

Copyright c 1997 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying
other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is
strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or
in a printed form.
Important Disclaimers and Legal Information
Questions or Comments?



To: Lonnie who wrote (3616)3/17/1998 9:52:00 PM
From: Dana Merrill  Respond to of 7054
 
Can someone provide the patent file # for the TAD's?

Here is the patent. It's US Patent #5694552.

patents.ibm.com



To: Lonnie who wrote (3616)3/17/1998 10:23:00 PM
From: Mr. Pink  Respond to of 7054
 
Lonnie, just thought you would like to hear another favorite tune:

Thousands of Pink fans gathered tonight as a rumor of an exclusive Mr. Pink concert in central park drew thousands of fans waving fist-fulls of signature yellow police tape in the air. After singing the smash hit , "tie the yellow police tape 'cross the Actrade doors, His Pinkness sang the B side of track, New Wave retro hit "My Aharoni"

Sung to the tune of My Sharona.

Amos is a crook
With the money that he took
On camel back
He fled the country <this is the My Sharona part>

Now that Pink is on the case
Riceman will be put in his place
Judge Blackshear will put him in the pen
5 years to ten
for Rice-aroni

So now Rice man is in the clink
All thanks to Mr. Pink
He's cursing how the food is awful
No more pita or falafel
Every day the same old
Macaroni!

Apologies to the Knack.

Mr. Pink