SOURCE: Endeavor IP, Inc.

Endeavor IP, Inc.

March 19, 2015 07:00 ET

Endeavor IP, Inc.'s Wholly-Owned Subsidiary, Endeavor MeshTech, Inc., Enters Into Patent License and Settlement Agreement With Eaton Corporation

NEW YORK, NY--(Marketwired - March 19, 2015) - Endeavor IP, Inc. (OTC PINK: ENIP) ("Endeavor"), an intellectual property services and patent licensing company, announced today that its wholly-owned subsidiary Endeavor MeshTech, Inc. ("MeshTech") has entered into a license and settlement agreement with Eaton Corporation ("Eaton").

"The license and settlement agreement with Eaton highlights that Endeavor has continuously and successfully performed its underlying business -- monetizing and licensing intellectual property," said Franciscus Diaba, Chief Executive Officer of Endeavor. "With the announcement of the license and settlement agreement with Eaton, we have successfully settled six lawsuits in the last eight months, related to the MeshTech patent portfolio," continued Franciscus Diaba. "We will continue to work hard on monetizing our patent portfolio and delivering results in our business. In addition, we will strive to maintain frequent communications with our shareholders, as we value the support of our shareholders," stated Mr. Diaba.

About Endeavor IP, Inc.
Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in New York, NY.

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," "demonstrate," "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.

Contact Information