JERSEY CITY, NJ--(Marketwired - Apr 23, 2013) - Single Touch Systems, Inc. (OTCBB: SITO), a technology based mobile media solutions provider, today announced its common stock has been added to the IP CloseUp® 30, a stock index comprised of 30 publicly traded companies that are focused on intellectual property (IP). The index was developed by IP CloseUp, an online information portal hosted by IP expert, trend spotter, consultant and editor Bruce Berman.
According to IP CloseUp, criteria for inclusion in the IP CloseUp® 30 index include:
- A company must have IP rights, typically patents, as part of its core value proposition
- The company must be publicly held for at least one month and reporting
- Companies may hold significant IP rights but do not have to be out-licensing or direct monetization businesses
- Listed companies have to file required regulatory disclosures and are encouraged to provide discretionary ones
Along with Single Touch, Acacia Research, Qualcomm, RPX, Vringo and VirnetX are some of the companies included in the IP CloseUp® 30 index.
"Single Touch is increasingly being recognized by investors and technology industry participants for the core value we hold in our portfolio of intellectual properties. We are pleased to be included among this group of companies that serve as a barometer for this dynamic asset class," stated Single Touch's Chairman and Chief Innovation Officer, Anthony Macaluso.
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch's judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch's expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch's filings with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.