North South Holdings Inc. Announces its First Settlement and License
NEW YORK, July 30, 2013
NEW YORK, July 30, 2013 /PRNewswire/ --North South Holdings Inc. ("North
South") -- an intellectual property development company, today reported that
its wholly owned subsidiary, CompuFill LLC, has entered into a settlement and
license agreement with a leading technology company.
This is the first settlement and license agreement for the CompuFill portfolio
since North South's acquisition of CompuFill in April 2013 and commencement of
its licensing campaign. Ongoing infringement continues, and the CompuFill
portfolio is currently being enforced against additional defendants.
The CompuFill patents, each in the "on-line pharmacy automated refill system"
sector, trace priority back to October 1997.
Commenting on the announcement, Anthony Hayes, North South CEO, stated, "The
value of having this suite of patents cannot be emphasized enough. Our team of
patent monetization experts brought this opportunity to North South only a few
short months ago and we have already started generating revenue. This is a
great example of how North South is working to drive value for our investors."
About North South Holdings Inc.
North South Holdings Inc. was formed on November 9, 2012 to seek business
opportunities in which to acquire patents from various entities and monetize
those patents through sales, litigation or licensing. North South recently
entered into an agreement to be acquired by Spherix Incorporated (NASDAQ:
About Spherix Incorporated
Spherix Incorporated (NASDAQ: SPEX) was launched in 1967 as a scientific
research company. Spherix presently offers a diversified commercialization
platform for protected technologies. The company continues to work on life
sciences and drug development and presently is exploring opportunities in
nutritional supplement products relying on its D-Tagatose natural sweetener as
a GRAS ingredient. Spherix is committed to advancing innovation by active
participation in all areas of the patent market. Spherix draws on portfolios
of pioneering technology patents to partner with and support product
innovation. Through its recently announced acquisition of several hundred
patents issued to Harris Corporation Spherix intends to expand its activities
in wireless communications and telecommunication sectors including antenna
technology, Wi-Fi, base station functionality, and cellular.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking
statements" within the meaning of the federal securities laws. Words such as
"may," "might," "will," "should," "believe," "expect," "anticipate,"
"estimate," "continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While North South believes these
forward-looking statements are reasonable, undue reliance should not be placed
on any such forward-looking statements, which are based on information
available to us on the date of this release. These forward looking statements
are based upon current estimates and assumptions and are subject to various
risks and uncertainties. Thus, actual results could be materially different.
North South expressly disclaims any obligation to update or alter statements
whether as a result of new information, future events or otherwise, except as
required by law.
Anthony Hayes, CEO
North South Holdings Inc.
110 Greene Street; Suite 403
New York, NY 10012
SOURCE North South Holdings Inc.
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