Card Activation Technologies Announces Independent Valuation of Its Patent at $3.7 Billion. Form 211 has been filed for OTC Bulletin Board Trading
(2007-10-04)
Chicago, IL October 12, 2007 – Card Activation Technologies, Inc. (OTC BB: CDVT) today announced that the Company’s common stock begins trading on the OTC Bulletin Board today.
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.
