SOURCE: ITUS Corporation

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September 08, 2014 07:00 ET

ITUS Subsidiary Files Patent Infringement Lawsuits Against Ebay, Vendio & Auctiva

MELVILLE, NY--(Marketwired - September 08, 2014) - ITUS Corporation ("ITUS") (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Auction Acceleration Corporation ("AAC") has filed patent infringement lawsuits against Ebay, Vendio, and Auctiva, in connection with AAC's Enhanced Auction Technologies patents. Vendio and Auctiva are part of Alibaba Group, one of the the largest online and mobile commerce companies in the world. 

Robert Berman, ITUS's President and CEO, stated, "The inventor of this technology was a pioneer in the early days of eBay, building tools that enabled sellers to generate millions of dollars of sales revenue. We will continue to stand up for small inventors and assist them in receiving fair consideration for their inventions, as we build value for our shareholders."

The AAC patents cover presentation and cross selling technologies enabling auction sellers to cross-sell and upsell additional items to interested buyers, resulting in incremental sales, and higher yields per transaction. The lawsuits were filed in the United States District Court for the Northern District of California.


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

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