Card Activation’s Follow-Up on the Raising of Capital to Pursue the Appeal Process and Link to Shareholders Conference Call

Backgrounder:  Card Activation Technologies, Inc. claims it holds rights in U.S. Patent 6 032 859, entitled “Method for Processing Debit Purchase Transactions using a Counter-Top Terminal System" They sued dozens of major retailers with claims they were violating their patent. However, that very same patent was invalidated last week.   Running out of cash, they are looking to their shareholders for any ideas to keep the company afloat.

Card Activation's '859 Patent Ruled Invalid
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August 03, 2011 07:01 AM Eastern Daylight Time 

CHICAGO--(BUSINESS WIRE)--Card Activation Technologies Inc.(Pink Sheets: CDVT)—As discussed in the shareholder conference call today the company explained that it was open to ideas from the shareholders on the best way to raise the capital with the least amount of dilution for the appeal and patent reexamination. While we formulate a possible process we would appreciate the shareholders input which we will discuss with our security attorneys. Please e-mail the company with your contact information and the company will contact you to discuss your ideas. Please direct your contact info to Michael Malet’s e-mail: mnmalet@medcomusa.com.

Below is the link to the recording of the Card Activation conference call August 2, 2011 which is also available on the company website www.cardactivationtech.com.

http://fxm.conferencingcenter.com/Download.aspx?password=45e883f1bf4e428882072886c1e40436

About Card Activation Technologies Inc.

Card Activation Technologies, Inc. is a Chicago-based company that owns the patent rights to a proprietary payment transaction method used for processing gift cards and other debit purchase transactions. The company is actively seeking to license its patent to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debit cards, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringers.

For further information about Card Activation Technologies go to www.cardactivationtech.com

Contacts

Card Activation Technologies Inc.
Robert H. Kite, 312-972-1662