SOURCE: ITUS Corporation

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September 05, 2014 07:00 ET

ITUS Corporation Hires Daniel J. Henry as Vice President, Business Development

MELVILLE, NY--(Marketwired - September 05, 2014) - ITUS Corporation ("ITUS") (OTCQB: ITUS), a company that builds and protects innovation, today announced that it has hired Daniel J. Henry as a Vice President, Business Development. Mr. Henry has extensive experience in sourcing and acquiring patents and patent rights.

Robert Berman, ITUS's President and CEO stated, "We are thrilled to have somebody with Dan's patent acquisition experience join us at ITUS. We are always looking to acquire high quality patent portfolios, and Dan's resources, knowledge and expertise will enable us to intensify our patent acquisition efforts."

Prior to joining ITUS, Mr. Henry held executive positions at several leading patent monetization companies including WiLAN, ICAP Patent Brokerage, and Altitude Capital Partners.

BUILDING & PROTECTNG INNOVATION™

About ITUS Corporation

ITUS develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 10 patent portfolios in the areas of Key Based Web Conferencing Encryption, Encrypted Cellular Communications, E-Paper® Electrophoretic Display, Nano Field Emission Display ("nFED"), Micro Electro Mechanical Systems Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window Frame Construction, VPN Multicast Communications, Internet Telephonic Gateway, and Enhanced Auction Technologies. Additional information is available at www.ITUScorp.com.

Forward-Looking Statements: Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect ITUS Corporation's current expectations concerning future events and results. We generally use the words "believes," "expects," "intends," "plans," "anticipates," "likely," "will" and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in "Item 1A - Risk Factors" and other sections of our Annual Report on Form 10-K for the fiscal year ended October 31, 2013 as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.

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