Contact Information: Stamps.com Investor Contact: Stamps.com Investor Relations (310) 482-5830 http://investor.stamps.com Press Contact: Dena Cook Brew Media Relations (310) 600-7160
Stamps.com Wins Patent Trial Against Kara Technology
| Source: Stamps.com
LOS ANGELES, CA--(Marketwire - July 1, 2008) - Stamps.com® (NASDAQ : STMP ), the
intelligent alternative to a postage
meter, today announced that it received a unanimous jury verdict that
its NetStamps®
feature and technology does not infringe any of the patents asserted by
Kara Technology. The jury also found that no damages are due.
"We've maintained all along that Stamps.com does not infringe the patents
at issue, so we were pleased with the verdict," said Seth Weisberg, Chief
Legal Officer of Stamps.com. "We thank the jury and the court for their
service and fairness in this matter. In addition, we would like to thank
our counsel, the Graves Law Office, for their outstanding work."
Kara Technology Incorporated originally filed suit against Stamps.com on
October 22, 2004 in the United States District Court for the Southern
District of New York seeking an injunction, unspecified damages, and
attorney's fees. The suit was transferred to the United States District
Court for the Central District of California on February 9, 2005. The
trial commenced in Los Angeles on June 9, 2008, the jury began
deliberations on June 26 and the jury returned its verdict on June 27,
2008.
About Stamps.com and PhotoStamps
Stamps.com (NASDAQ : STMP ) is a leading
provider of Internet-based postage services. Stamps.com's online postage
service enables small businesses, enterprises, and consumers to print U.S.
Postal Service-approved postage with just a PC, printer and Internet
connection, right from their home or office. The Company targets its
services to small businesses and home offices, and currently has PC Postage
partnerships with Microsoft, EarthLink, HP, NCR, Office Depot, the U.S.
Postal Service and others.
PhotoStamps is a patented
Stamps.com product that couples the technology of PC Postage with the
simplicity of a web-based image upload and order process. PhotoStamps is
currently available under authorization of the U.S. Postal Service for its
fourth phase market test with an authorization through May 16, 2009.
Customers may create full custom PhotoStamps with their own digital
photograph, or they may choose a licensed image from one of many
PhotoStamps collections such as NFL®, Collegiate, and now the
limited edition American
Idol® collection. Since launching PhotoStamps in May 2005, more than
58 million individual PhotoStamps have been shipped to customers.
Stamps.com currently has PhotoStamps partnerships with Apple,
Google/Picasa, HP/Snapfish, Adobe, and others.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release includes forward-looking statements about our
products that involve risks and uncertainties. Important factors,
including the Company's ability to complete and ship its products and
obtain or maintain regulatory approval, which could cause actual results to
differ materially from those in the forward-looking statements, are
detailed in filings with the Securities and Exchange Commission made from
time to time by Stamps.com, including its Annual Report on Form 10-K for
the year ended December 31, 2007, Quarterly Reports on Form 10-Q, and
Current Reports on Form 8-K. Stamps.com undertakes no obligation to release
publicly any revisions to any forward-looking statements to reflect events
or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Stamps.com, the Stamps.com logo and PhotoStamps are trademarks or
registered trademarks of Stamps.com Inc. All other brands and names are
property of their respective owners.