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Card Activation Technologies Begins Trading on OTC Bulletin Board
Friday, October 12, 2007
Chicago, IL -- Card Activation Technologies, Inc. today announced that the Company's common stock will begin trading on the OTC Bulletin Board this morning.
The Company said that shareholders with specific questions on the status of their shares should contact their brokers directly.
Card Activation Technologies, Inc. is a Chicago-based Company that owns a patent covering technology currently used in processing debit cards, gift cards and phone cards. The Company believes that many current retailers, gas stations, phone companies and others who activate stored value cards are in violation of its patent and is aggressively pursuing litigation against these infringements. An independent market valuation puts the value of the Company's patent at approximately $3.7 billion.
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."
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