Tuesday, May 31, 2011

NeoMedia (OTC:NEOM) Down -30% on Heavy Volume

NeoMedia (OTC:NEOM) Down -30% on Heavy VolumeOxford, MS 5/31/2011 (PennyPayDay) -- NeoMedia Technologies, Inc. (OTC:NEOM), a provider of mobile barcode scanning solutions, announced recently, in a press release, that the United States Patent and Trademark Office (PTO) has ruled in favor of NeoMedia in the second re-examination of its US Patent 6,199,048, ‘System And Method For Automatic Access Of A Remote Computer Over A Network’.

All 89 existing claims, as well as six newly added claims, of the Barcode Lookup Patent have been confirmed as being patentable by the PTO.

The PTO’s decision, which marks the final chapter in a lengthy process following a successful first reexamination proceeding that ended in confirmation of the patent in 2009, provides tremendous opportunities for companies in the mobile marketing and advertising space, allowing them to quickly implement new applications and services.

“We are delighted the PTO has again confirmed the strength of the ‘048 patent in the face of another third-party challenge to its validity. This ruling allows us to realize the potential of our efforts and innovations, further strengthening our partnerships,” said Laura Marriott, Chief Executive Officer of NeoMedia Technologies, Inc.

"We are extremely pleased that this patent has again withstood the extreme scrutiny of a Patent Office reexamination proceeding. Confirmation of a patent challenged by reexamination twice in four years in highly unusual, and we firmly believe this puts the issue of the validity of this patent to rest,” said Tony Barkume of Barkume & Associates, P.C., patent counsel for NeoMedia.

NeoMedia Technologies is a provider of 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem world-wide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of practical and engaging applications including consumer oriented advertising, mobile ticketing and couponing, and business-to-business commercial track and trace solutions.

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