SOURCE: IZEA, Inc.

IZEA, Inc.

February 02, 2015 08:00 ET

Patent Trial and Appeal Board Invalidates Majority of Blue Calypso's Patent Claims

IZEA Requests Continuation of Stay or Summary Judgment Proceedings to Terminate the Case

ORLANDO, FL--(Marketwired - Feb 2, 2015) - IZEA, Inc. (OTCQB: IZEA), a pioneer of Social Sponsorship, announced today that the Patent Trial and Appeal Board (PTAB) recently invalidated the vast majority of Blue Calypso's asserted patent claims through the Covered Business Method Review Process. As to the few remaining patent claims, IZEA believes that the PTAB's findings make it likely that those too are invalid. IZEA, together with co-defendants Groupon, Yelp, and Foursquare have requested that the court continue to stay Blue Calypso's patent infringement case, or alternatively set the case up for Summary Judgment Proceedings such that the case may come to a conclusion.

For details on the filing click below (pacer login required):
https://ecf.txed.uscourts.gov/doc1/17517461904

On Tuesday, December 16, 2014, the PTAB issued its Final Decisions concerning the five Blue Calypso patents asserted against IZEA. In those Decisions, the PTAB invalidated all asserted claims for three of the five patents. For the remaining two patents, the PTAB likewise eliminated the majority of Blue Calypso's claims, leaving only eight claims in the case. In total the PTAB has invalidated 47 of the 55 claims originally asserted against IZEA. Importantly, the PTAB's findings cast substantial doubt on the validity of those remaining claims asserted against IZEA. Moreover, those remaining claims require steps that none of IZEA's software or systems perform.

"The PTAB's Final Decisions only strengthen IZEA's unwavering belief that Blue Calypso's patents are invalid and do not cover any of IZEA's previous or current pioneering technologies," said Ted Murphy, Founder & CEO of IZEA. "IZEA looks forward to a successful resolution of this frivolous litigation."

IZEA has a patent pending on its current IZEAx platform. In addition, IZEA recently acquired Ebyline, Inc. a company that operates a platform connecting publishers and content creators. Ebyline has three patents pending covering the design and use of its technology platform.

IZEA is represented by Alston & Bird, LLP, an AmLaw 50 firm with a national practice of over 800 expert attorneys, 170 of whom are dedicated solely to the practice of IP law.

About IZEA, Inc.
Founded in 2006, IZEA is the pioneer of Social Sponsorship. The company builds cloud-based marketplaces that connect Brands with Creators who blog, tweet, pin, and post on their behalf. Brands receive influential consumer content and engaging shareable stories that drive awareness. Creators are compensated for their participation and partnership. For more information about IZEA, visit http://corp.izea.com.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on IZEA's expectations and are subject to a number of risks and uncertainties, certain of which are beyond IZEA's control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, competitive conditions in the social sponsorship segment in which IZEA operates, failure to popularize one or more of the marketplace platforms of IZEA, inability to obtain additional capital, Integration of IZEA's recent acquisition of Ebyline, Inc. and changing economic conditions that are less favorable than expected. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this respect will in fact occur. Please read the full statement and disclosures here: http://corp.izea.com/safe-harbor-statement.