clickNsettle.com Receives U.S. Patent
July 21 2004 - 9:30AM
PR Newswire (US)
clickNsettle.com Receives U.S. Patent 173 Claims Allowed GREAT
NECK, N.Y., July 21 /PRNewswire-FirstCall/ -- clickNsettle.com,
Inc. (OTC:CLIK) (BULLETIN BOARD: CLIK) , a global provider of
innovative dispute resolution solutions, today announced that the
United States Patent and Trademark Office has issued the Company
U.S. Patent number 6,766,307, encompassing 173 allowable claims.
The patent protects the Company's invention that provides
non-judicial dispute resolution management and operation
procedures. This electronic invention, comprised of both a
management and a reckoning module, makes available to the user
community unique access to oversee program initiatives, and offer a
valuable data repository as well. The management module is
configured to receive, sort and store dispute resolution data and
to provide internal continuous compilation of such data and new
data generated during non-judicial dispute resolution procedures.
The reckoning module is designed to implement a resolution
procedure and to update data driven from such initiatives with each
new case, and transmit new data, generated during the resolution
procedure. Roy Israel, President and CEO, stated, "We are extremely
pleased with receiving patent protection for 173 different claims.
Our invention provides intelligent data and customized analysis of
a dispute resolution initiative. It simplifies the tracking and
management of cases while providing complete transparency and
ensuring the integrity of the process. The invention offers, but is
not limited to, powerful claim search features, on-line case
submissions, document transfers to arbitrators and mediators, a
case calendar, document management, hearing officer rosters and
extensive arbitration and mediation settlement analysis and hearing
officer evaluation reports. We had a vision of what was needed in
our industry and I believe our invention raises the benchmark by
affording the user community invaluable tools. I also believe that
our invention re-defines where the dispute resolution industry is
headed." About clickNsettle.com Headquartered in Great Neck, New
York, clickNsettle.com, Inc. provides innovative and highly
effective dispute resolution services and solutions to entities
that seek alternatives to the traditional and often time-consuming
and expensive legal process. clickNsettle.com, the parent company
of National Arbitration and Mediation (NAM), offers a comprehensive
selection of some of the finest lawyers globally, with more than
1,700 top-tier former judges and attorneys worldwide. Additionally,
the Company has a patented system designed to enhance transparency
and ensure the integrity of ADR (alternative dispute resolution)
initiatives. Although the dispute resolution industry is still
relatively young, clickNsettle.com has been recognized nationally
as a leader in the field and the NAM brand name is well established
within the legal and business communities. The statements contained
in the release contain forward-looking statements relating to such
matters as anticipated financial performance, business prospects,
and similar matters. The Private Securities Litigation Reform Act
of 1995 provides a safe harbor for forward-looking statements. In
order to comply with the terms of the safe harbor, the Company
notes that a variety of factors could cause the Company's actual
results to differ materially from the anticipated results or other
expenditures expressed in the Company's forward- looking
statements. These factors include changes in the insurance and
legal industries; the Company's inability to retain current or new
hearing officers; changes in the public court system; and the
degree and timing of the market's acceptance of its arbitration and
mediation programs and electronic oversight applications.
DATASOURCE: clickNsettle.com, Inc. CONTACT: Roy Israel,
+1-516-829-4343 for clickNsettle.com Web site:
http://www.clicknsettle.com/
Copyright