MobiCard Announces Second Patent has been Granted
Cambridge, Massachusetts--(Newsfile Corp. - July 16, 2020) - Peer To Peer Network aka MobiCard Inc. (OTC PINK: PTOP) is excited to announce the grant of U.S. Patent No. 10,616,368 on April 7, 2020. This patent is the second one to cover and expand protection for MobiCard's invention for its electronic business card proprietary technology. A link to the patent is found here: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10,616,368.PN.&OS=PN/10,616,368&RS=PN/10,616,368
To view an enhanced version of this graphic, please visit:
This technology is also covered by U.S. Patent No. 10,270,880, issued April 23, 2019. MobiCard is working diligently on additional patent applications to strengthen and improve the intellectual property for its electronic business card proprietary technology.
Second MobiCard patent issued April 7, 2020 as Patent No. 10,616,368.
A link to the patent: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10,616,368.PN.&OS=PN/10,616,368&RS=PN/10,616,368
To view an enhanced version of this graphic, please visit:
This patent is enforceable until September 8, 2035, as long as the three maintenance fees are paid by the due dates indicated below. The first fee is due by October 10, 2023. This payment deadline may be extended until April 8, 2024 with the additional payment of a grace fee. The second fee is due by October 8, 2027. This payment deadline may be extended until April 7, 2028 with the additional payment of a grace fee. The third fee is due by October 8, 2031. This payment deadline may be extended until April 7, 2032 with the additional payment of a grace fee.
MobiCard Chairman & CEO Joshua Sodaitis commented "As the Chairman, CEO, and now an inventor I am proud of this mile stone being in the books as accomplished. MobiCard has filed a third patent before this one was officially granted. I intend to continue adding intellectual property assets that are directly added to the plus category, on the bottom line of MobiCard's financials balance sheet. MobiCard is worth more today than it was prior to this patent being granted. Advancing intellectual property assets into MobiCard is a direct result of lots of hard work behind the scenes that I believe will translate into more interest in MobiCard and its product. MobiCard's intellectual property assets surely differentiate it from any other company out there that would try to mimic us or compete with us, just wait to you see MobiCard's apps as they will blow anyone trying to compete with us out of the water."
MobiCard is in the process of trying to get its historical financials completed and audited, to file certain SEC reports in 2015, 2016 and 2017 prior to the date it de-registered with the SEC, and current financials (2018, 2019, & 2020) completed to report financials on OTC Markets and complete taxes. It is not free to get this goal accomplished and MobiCard will seek to raise additional capital to finish this project. MobiCard believes now is the time to get this next objective completed in the next two months if the company has adequate resources and funding to complete this task.
MobiCard knows that this new patent is a direct asset to the company. With the assets of the new technology platform and the new patent reflected on the financials once completed will be enticing for new shareholders while sending the exact message to the markets that would be advantageous for success.
Due to COVID-19, business is changing. The old archaic paper business card is soon to see its demise. MobiCard is to the old paper business card; what Gutenberg was to calligraphy when he developed the printing press. MobiCard believes that it is positioning itself to become the staple brand in an entirely new industry that will appeal to ever race, gender, and age demographic once in the professional world.
"If shareholders want the next big strategic goal to be completed of the financials it can be done as long as we are able to bring in the funding necessary to complete them. Now more than ever shareholders should help me, help them, so that we can all prosper together." Concluded Chairman and CEO Joshua Sodaitis.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our prior filings at www.sec.gov. The company is no longer a fully reporting SEC filing company. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Joshua Sodaitis, Chairman & CEO
45 Prospect Street Cambridge, MA 02139
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59914