Single Touch Systems Cites Patent Ownership in “Letter of Notification” to Netflix
Single Touch Systems Inc. (OTCBB:SITO), an innovative mobile
media solutions provider, today announced that on August 31, it
issued a “Letter of Notification” to Netflix, Inc. (NASDAQ:NFLX)
regarding Single Touch’s issued patents directed to streaming and
routing media, including U.S. Patent Nos. 7,054,949, 7,191,244, and
With more than 25 million members in the United States and
Canada, Netflix, Inc. is the world’s leading Internet subscription
service for movies and TV shows.
Streaming video and music distributed across the Internet or
directly to a mobile device is fast becoming a mainstream
entertainment delivery vehicle that will generate more than $27
billion in network-derived and content-derived revenue into the US
markets by 2012, according to a new market research study from The
Insight Research Corporation.
Single Touch Systems has filed and has been awarded more than 14
patents related to mobile search, commerce, advertising and
streaming media. “After years of establishing ourselves as a
pioneer in mobility, and cementing our IP position, it has become
increasingly important for us to take the steps necessary to
protect what we have already established with the assistance of
such well regarded law firms as Polsinelli Shugart and McKool
Smith,” says Anthony Macaluso, Single Touch’s Chairman and
Chief Innovation Officer.
About Single Touch Systems Inc.
Single Touch Systems Inc. (SITO) is an innovative mobile
solutions provider serving retailers, advertisers and brands.
Through patented technologies and a modular, adaptable platform,
SITO’s multi-channel messaging gateway enables marketers to reach
consumers on all types of connected devices, with information that
engages interest, drives transactions and strengthens relationships
For more information visit: www.singletouch.net
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements that
involve risks and uncertainties and reflect Single Touch’s judgment
as of the date of this release. These statements include those
regarding strategy, growth and future operations. Actual events or
results may differ from Single Touch’s expectations. The risks and
uncertainties include reliance on brand owners and wireless
carriers, the need for additional capital, operational and cultural
changes associated with Board and senior management transitions,
various risks and expenses associated with efforts to monetize
patents, and the possibility that Hulu might not respond favorably
to the Letter of Notification, as well as other risks identified in
Single Touch’s most recent Form 10-K and Form 10-Q filings with the
SEC. Single Touch disclaims any intent or obligation to update
these forward-looking statements beyond the date of this press
release, except as may be required by law.