To: art slott who wrote (3817 ) 5/18/1999 3:17:00 PM From: art slott Read Replies (1) | Respond to of 13157
Acquisition of Wolzien Patent — ACTV's Preeminent Intellectual Property Position in Convergence -------------------------------------------------------------------------------- ACTV announced recently that it had acquired a patent from Thomas Wolzien, a leading Wall Street media analyst, which is complementary to its own HyperTV patent. We have evaluated the Wolzien patent, the HyperTV patent and other intellectual property applicable in this "convergence space," and are convinced that ACTV has assembled a uniquely valuable, preeminent intellectual property position pertaining to the two ways to get information from the Internet and the television (described below). The applications of the HyperTV technology, supported by ACTV's patent portfolio, enables the convergence of the Internet and television, and has broad implications in the evolution of entertainment programming (across all genres), advertising and e-commerce. We envision an aggressive licensing program, and HyperTV marketing effort, to a broad range of companies, including the entertainment networks, programming companies, Internet portals, new media companies and software producers. Below, we address some of the questions pertaining to the Wolzien patent acquisition, and provide additional information on HyperTV and its applications. We are currently updating our HyperTV financial model based upon the current plans to roll-out the HyperTV technology, and will be providing a research update in the near future with a new earnings model. What is "the Wolzien" patent, and why did ACTV buy it? -------------------------------------------------------------------------------- ACTV has acquired US Patent 5,761