Suffern, NY (PRWEB) June 5, 2008
General Patent Corporation International (GPCI), a leading patent licensing and enforcement firm, announced today on behalf of its client, Winning Edge International, formerly known as GWIN, that Winning Edge has settled its patent infringement lawsuit against Vegas Experts.com of Cleveland, OH and Vegas Insider.com of the UK.
A lawsuit against Vegas Experts.com, Inc., Vegas Insider.com, Preferred Picks Publications, Don Best Sports, Sports Direct, Inc. and Covers Media Group Ltd. was filed in August 2006 in the Eastern District of Texas (2:06 CV 318) for the infringement of Winning Edge's U.S. Patent No. 6,260,019 (the Patent). Previously, GPCI announced settlements with Preferred Picks Publications, Inc. a/k/a Playbook Enterprises of Weston, FL, and Corcom, Inc. d/b/a Don Best Sports of Las Vegas, NV.
"We are pleased to have reached two more settlements in this lawsuit," said Paul Lerner, GPCI's Sr. Vice President and General Counsel. He continued, "We look forward to licensing the remaining defendant."
Winning Edge owns U.S. Patent No. 6,260,019 titled "Web-Based Prediction Marketplace". The patented technology pertains to the on-line prediction of future events. Winning Edge is a wholly owned subsidiary of Betbrokers PLC, a publicly traded company on the AIM Exchange in the UK (BETB:AIM).
"Winning Edge and our parent company Betbrokers PLC are pleased that settlements are moving forward in the lawsuit," said Wayne Root, CEO of Winning Edge, "and we look forward to announcing licensing agreements with other companies in the business of predicting the outcomes of events online."
Winning Edge is represented in this lawsuit by the law firm of DiNovo Price Ellwanger LLP, a patent litigation boutique in Austin, TX.
Winning Edge International
Winning Edge International of Las Vegas, NV is the owner of U.S. Patent No. 6,260,019 titled "Web-Based Prediction Marketplace". Winning Edge and its nationally recognized "Wayne Root" brand provides professional predictions, advice and analysis of sporting events in the Unites States via television, radio and the Internet. For more information, please visit http://www.winningedge.com.
About General Patent Corporation International
General Patent Corporation International (GPCI) is a premier intellectual property (IP) licensing and enforcement firm headquartered in Suffern, NY. GPCI is the exclusive licensing agent for Winning Edge. GPCI represents clients in IP assertive licensing and enforcement matters on a contingency basis and assists IP owners in enforcing their IP rights. GPCI is the oldest contingency IP enforcement organization in the United States. For more information on GPCI, please visit http://www.patentclaim.com. General Patent Corporation (GPC) is a consulting arm of GPCI providing IP management consulting with a focus on IP strategy and valuation (see http://www.generalpatent.com). IP Holdings LLC, another affiliate of GPCI, is an IP-centric merchant banking boutique. IP Holdings provides IP-related financial services as well as IP brokerage services. IP Holdings also operates an idea incubator (see http://www.ip-holdings.com).