SOURCE: MacroSolve Inc.

MacroSolve Inc.

March 15, 2011 07:09 ET

MacroSolve Initiates Patent Enforcement Actions; Files Suit Against Four Companies for Infringement of Its Mobile App Patent

Two Experienced Patent Litigation Firms Working on Contingency Basis

TULSA, OK--(Marketwire - March 15, 2011) - In a move to monetize its recently awarded landmark patent addressing the estimated $10 billion mobile app market, MacroSolve, Inc. (OTCQB: MCVE) (PINKSHEETS: MCVE), has launched its patent enforcement efforts by filing suit against the following companies for infringement of U.S. Patent No. 7,822,816:

Blue Shoe Mobile Solutions, LLC
Brazos Technology Corporation
On The Spot Systems, Inc.
Formstack, LLC

On October 26, 2010, the United States Patent and Trademark Office issued U.S. Patent No. 7,822,816 to MacroSolve. The patent, a significant intellectual property (IP) asset to MacroSolve, further advances its position as a leader in the mobile solutions market. The patent addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer, and is currently utilized in MacroSolve's ReForm XT™ rapid mobile app development platform. MacroSolve's patent covers fundamental technology in the mobile application space utilized by multiple companies.

MacroSolve is represented by two law firms that specialize in patent litigation and enforcement, Houston-based Antonelli, Harrington & Thompson, and Longview, Texas-based Spangler Law. Both firms are retained solely on a contingency basis and thus will be compensated only based upon proceeds from settlement and licensing activities. The law firms have led IP monetization efforts which involved some of the largest technology companies in the world. 

MacroSolve's patent enforcement efforts are led by its Chairman of the Board, Mr. Jim McGill. Mr. McGill has spent the past 20 years consulting with companies on patent litigation issues with a focus on how to best monetize their IP.

"I look forward to applying my many years of experience in IP monetization to MacroSolve's patent enforcement efforts. We believe the strength of our patent and the viability of our monetization strategy will lead to the creation of greater value for our shareholders," stated MacroSolve Chairman, Jim McGill.

About MacroSolve

MacroSolve, Inc. is a pioneer in delivering mobile apps, technologies, and solutions to businesses and government. Founded in 1997, the company has an extensive network including the top name brands in wireless hardware and software as well as wireless carriers. Leveraging its intellectual property portfolio, MacroSolve is positioned to become a leader in the mobile app space, projected to become a $17.5 billion market by 2012. The company operates through its subsidiaries including Anyware Mobile Solutions (http://www.goanyware.com) and Illume Mobile (http://www.illumemobile.com). For more information, visit MacroSolve (http://www.macrosolve.com) or call 800-401-8740.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, monetization of our intellectual property, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

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