SOURCE: Marathon Patent Group

Marathon Patent Group

January 15, 2015 08:30 ET

Marathon Patent Group Subsidiary TLI Communications LLC Enters Into Settlement and License Agreement With SmugMug, Inc.

LOS ANGELES, CA--(Marketwired - Jan 15, 2015) - Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that on January 14, 2015, the company's subsidiary TLI Communications LLC entered into a settlement and license agreement with SmugMug, Inc. The consideration to be paid by SmugMug, Inc. to TLI Communications LLC and all other terms of the license agreement are confidential.

TLI Communications LLC's U.S. Patent 6,038,295, is currently being asserted against defendants in Eastern District of Virginia, including, but not limited to, Facebook, Google, Twitter, Yahoo, Pinterest, Apple and others. Mishcon de Reya New York LLP is representing TLI in these actions.

About Marathon Patent Group:
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.

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