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As MCVE Grows its List of Licensees to Over Fifty, MacroSolve Files Ten More Patent Infringement Suits

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macro-solve-main-logo-webMacroSolve Files Patent Infringement Suits Against Ten Companies

Growing List of Licensees Reaches Fifty-Two

 

MacroSolve, Inc. ( OTCQB : MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technology intellectual property, announces it has filed additional patent infringement suits against:

  • Costco Wholesale Corporation, Staples, Inc., Kohl’s Department Stores, Inc., The Kroger Corporation, Nordstrom, Inc., Pandora Media, Inc., Fandango, Inc., GameStop Corporation, Gilt Groupe Holdings, Inc., and RueLaLa, Inc.

MacroSolve’s U.S. Patent No. 7,822,816, which was issued October 26, 2010, addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer. MacroSolve’s patent covers fundamental technology in the mobile application space utilized by numerous companies. The patent, a significant intellectual property asset to MacroSolve, further advances its position as a leader in the mobile solutions market.

“The strength of the patent is evident in the growing number of licensees, which now stands at fifty-two,” says Jim McGill, MacroSolve Chairman and CEO. “We are pleased with the results of our enforcement and licensing efforts, which contributed to a 104% profitability growth from 2011 to 2012.”

About MacroSolve
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory services and IP strength from a source of experience.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

 

The IR Affiliates Network “IRA” is a network of sites that targets the broad market, most sectors, most industries and key companies key companies that drive our North American economy – and the world’s economy as a whole. On occasion we are compensated for coverage of certain companies that are shared on our network.  A third party investor relations firm paid IRA seven thousand five hundred dollars to cover several of their clients. Macrosolve, Inc. (OTCQB: MCVE) is one of those companies.   IRA makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of smallcap investing, the smallcaps should be considered highly speculative as they carry a high degree of risk. In the past, MCVE compensated us a total of two hundred thirty three thousand restricted shares. We currently hold one hundred thousand of those shares in certificate form.  Additionally we were paid ten thousand dollars in the fall of 2010 by an investor relations firm for coverage of MCVE. The IR Affiliates Network is a group of more than one thousand sites owned and operated by Pentony Enterprises LLC.


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