SOURCE: Exit Only, Inc.

November 19, 2007 09:00 ET

Exit Only, Inc. Successfully Defends Trademarks!

SANTA MONICA, CA--(Marketwire - November 19, 2007) - Exit Only, Inc. (PINKSHEETS: EXTO), which owns, is pleased to announce that it has successfully defended their trademarks in an out of court settlement.

Back in March, a Canadian company developed a site using the "text4" name as well as replicated the business model. Contact was made but no assistance from the Canadian company to settle was the conclusion. Exit Only, Inc. was left with no choice but to pursue litigation. After disputing for 2 months, a settlement was finally agreed upon. The settlement resulted in the shut down of the primary site, all related sites with the "text4" brand and the revocation of their existing trademark applications.

David Dion, CEO of Exit Only, comments, "We know that it was a matter of time before our platform and concept would be copied by competitors. The company has been proactive with how we've planned to protect our brand and business model. By pursuing trademark rights back in April, we have successfully defended our brand from the first copycat business. This will not be the only one that will come up, there will be others. This only reassures us that we have a built something worthy of copying, and only fuels our company's drive to push even harder to become one of the primary sites for online vehicle transactions. We have further mitigated protection to continue securing our brand for the future."

The award in the settlement not only confirms that the "text4" brand is protected but it secures all domain names and urls related to the trademarks. Having successfully defended the trademarks, this sets an example of how replicating Exit Only, Inc.'s business model will pose as a major obstacle for any competitor.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements.

Contact Information

  • Investor Relations:

    David Dion