Marathon Patent Group Announces Its Third Patent Portfolio Acquisition in the Past Four Weeks
ALEXANDRIA, VA -- (Marketwired) -- 10/22/13 -- Marathon Patent Group, Inc. (OTCBB: MARA) ("Marathon"), a patent licensing company, announced today it has acquired a portfolio consisting of four U.S. patents. This is the third patent portfolio that Marathon, or one of its wholly-owned operating subsidiaries, has acquired in the past four weeks.
The patents relate to process automation in production and enterprise resource planning (ERP). The patents address the ability to enhance ERP and production planning processes through the introduction of adaptive learning processes.
Commenting on the announcement, Doug Croxall, Marathon Patent Group's Chief Executive Officer, stated, "We will continue to focus on building a diversified portfolio of compelling patent assets. This acquisition brings our total number of patent portfolios to seven."
About Marathon Patent Group:
Based in Alexandria, VA, Marathon Patent Group is a patent licensing company serving a wide range of patent owners from Fortune 500 companies to independent inventors. Marathon provides its clients advice and services that enable them to realize financial and strategic returns on their intellectual property rights. Marathon's operating subsidiaries acquire patent assets, partner with patent holders, and monetize patent portfolios through actively managed patent licensing campaigns. To learn more about Marathon Patent Group, visit http://www.marathonpg.com/.
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 the Company 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, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company 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.
INVESTOR RELATIONS CONTACTS:
The Del Mar Consulting Group, Inc.
Robert B. Prag
Alex Partners, LLC
Source: Marathon Patent Group
Released October 22, 2013