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Message: Patent case settled in 20 months...

Patent case settled in 20 months...

posted on Apr 18, 2008 06:56AM

Note time frames and venue....

Press Release Source: General Patent Corporation International

Winning Edge Settles Lawsuit with Preferred Picks and Don Best Sports
Thursday April 17, 2:49 pm ET

General Patent Corporation International Acts as Licensing Agent
SUFFERN, N.Y.--(BUSINESS WIRE)--General Patent Corporation International (GPCI), a leading patent licensing and enforcement firm, announced today on behalf of its client, Winning Edge International, formerly known as GWIN, that Winning Edge has settled its patent infringement lawsuit against Preferred Picks Publications, Inc. a/k/a Playbook Enterprises of Weston, FL and Corcom, Inc. d/b/a Don Best Sports of Las Vegas, NV.

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A lawsuit against Preferred Picks, Don Best Sports, Vegas Insider.com, Vegasexperts.com, Inc., Sports Direct, Inc. and Covers Media Group Ltd. was filed in August 2006 in the Eastern District of Texas (2:06 CV 318) for the infringement of Winning Edges U.S. Patent No. 6,260,019 (the Patent).

We are pleased to have reached settlements with Preferred Picks and Don Best Sports, said Paul Lerner, GPCIs Sr. Vice President and General Counsel. He continued, We look forward to licensing the rest of the defendants in the lawsuit.

Winning Edge owns U.S. Patent No. 6,260,019 titled Web-Based Prediction Marketplace. The patented method and apparatus pertain to the on-line prediction of future events. Winning Edge is a wholly owned subsidiary of Betbrokers Ltd., a publicly traded company on the AIM Exchange in the United Kingdom (BETB:AIM).

Winning Edge and our parent company Betbrokers Ltd. are pleased to have reached these first legal settlements, said Wayne Root, CEO of Winning Edge, and we look forward to announcing licensing agreements with other companies in the business of predicting the outcomes of events online.

GPCI represents Winning Edge in the licensing and enforcement of the Patent. A non-exclusive license under the Patent is available on reasonable and non-discriminatory terms. For licensing terms, please contact Paul Lerner at (845) 368-4000 x104.

Winning Edge is represented by the law firm of DiNovo Price Ellwanger LLP, a patent litigation boutique in Austin, TX.

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