Card Activation Technologies Inc. to Present at the LD MICRO Conference
April 23 2008 - 6:00AM
PR Newswire (US)
CHICAGO, April 23 /PRNewswire-FirstCall/ -- Card Activation
Technologies Inc. (OTC:CDVT) (BULLETIN BOARD: CDVT) , owners of a
patent covering a method for the activation and processing of
transactions related to debit styled cards, which include gift
cards, phone cards and other stored value cards, announced that it
will present at the LD MICRO Conference on Tuesday, April 29th at
12:00 PM. PDT. The conference will be held at the Omni Los Angeles
Hotel in Los Angeles. LD MICRO publishes a by-invitation only
newsletter focusing on discovering undervalued companies in the
micro cap space overlooked by institutional investors. Since 2002,
the firm has published an annual list of recommended stocks as well
as comprehensive reports on select names throughout the year. The
Card Activation patent relates to a method used by most retailers
for processing debit styled cards, which include gift cards and
phone cards. Card Activation currently has lawsuits pending against
Walgreen Company (NYSE:WAG), Sears Holding Corporation
(NASDAQ:SHLD), TJX Companies (NYSE:TJX) and OfficeMax (NYSE:OMX),
as well as Barnes & Noble and Aeropostale. Card Activation has
also placed on notice approximately 600 retailers relating to their
potential infringement of the patent. Card Activation Technologies,
Inc. is a Chicago-based company that owns proprietary patented
payment transaction technology used for processing gift cards,
phone cards and other debit purchase transactions. The company is
actively seeking to license its technology to the thousands of
current users and believes that many retailers, gas stations, phone
companies and others that utilize those stored value cards, such as
gift and debit, infringe its patent. As a result, the company is
aggressively pursuing litigation against these infringements. The
Federal Reserve Bank of Philadelphia estimated prepaid card market
to be valued in excess of $181.7 billion in transactions in 2006.
According to market forecasts, the prepaid industry will grow to
$421.5 Billion by 2010. For further information about Card
Activation Technologies go to http://www.cardactivation.com/
Certain statements in this press release that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
may be identified by the use of words such as "anticipate,"
"believe," "expect," "future," "may," "will," "would," "should,"
"plan," "projected," "intend," and similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Card Activation Technologies, Inc.
(the Company) to be materially different from those expressed or
implied by such forward-looking statements. The Company's future
operating results are dependent upon many factors, including but
not limited to the Company's ability to: (i) defend its patent;
(ii) build the management and human resources and infrastructure
necessary to support the growth of its business; (iii) competitive
factors and developments beyond the Company's control; and (iv)
other risk factors discussed in the Company's periodic filings with
the Securities and Exchange Commission, which are available for
review at http://www.sec.gov/ under "Search for Company Filings."
Contacts for Card Activation Technologies Bev Jedynak Paul Knopick
Martin E. Janis & Company Inc. E & E Communications
312-943-1123 (949) 707-5365 DATASOURCE: Card Activation
Technologies Inc. CONTACT: Bev Jedynak of Martin E. Janis &
Company Inc., +1-312-943-1123, ; or Paul Knopick of E & E
Communications, +1-949-707-5365, , both for Card Activation
Technologies Inc. Web site: http://www.cardactivation.com/
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