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CST: 08/12/2019 15:06:50   

MobiCard Inc. announces the grant of U.S. Patent No. 10,270,880 on April 23, 2019

227 Days ago

This patent is the first to cover MobiCard's electronic business card proprietary technology

CAMBRIDGE, Mass., April 25, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Peer To Peer Network aka MobiCard Inc. (MobiCard) (OTC: PTOP) is excited to announce the grant of a U.S. Patent to Cover MobiCards electronic business card proprietary technology. Also announces that an additional continuation-in-part patent application was filed to strengthen and improve its digital business card proprietary technology.

The patent was filed under claim #10270880 and can be viewed at the USPTO.gov site in its entirety.  Protection has been granted to the claims therein for MobiCard’s electronic interactive business card system for mobile devices.

The new improved MobiCard platform when fully developed will provide electronic cards that contain direct contact links for the card owner's phone numbers, addresses, websites, and social media webpages; their entire digital footprint. The system includes a central server for storing and automatically updating all electronic business cards to keep all cardholders and recipients completely updated on all their card contact information.  The patent covers 19 specific claims.  The three most notable being sharing logic, 3rd party sharing, and data analytics shared by a link.

MobiCard is working diligently on additional patent applications to strengthen and improve its electronic business card proprietary technology. MobiCard filed a continuation-in-part patent application as well on April 22nd, 2019 in order to strengthen MobiCard’s material claims and to further enhance and improve its position.

MobiCard CEO Joshua Sodaitis states, “We are thrilled to receive this patent on the eve of the software’s development stage 2 by Think Latitude.  The timing is perfect and MobiCard is now poised to fully exploit its competitive advantage given this patent protection.  As the paper business card meets its demise in this digital world, I believe that MobiCard will become the singular platform available for people to manage their business contacts.  In my opinion, opportunities like this come along once in a lifetime.”

This most recent release of information by MobiCard comes closely on the heels of many prior announcements; the commencement of product development with an anticipated roll out at the end of Q3, the elimination of the company’s largest debt in a settlement with Code2Action, and the appointment of a new Chief Financial Officer to name just a few.

MobiCard CEO Joshua Sodaitis’s tireless work since his appointment in June of 2018 has put the company in a solid position to stand above in serving a market of billions  of business people.  It’s his singular goal to make MobiCard the standard in managing business contacts.

Peer To Peer Network aka MobiCard Inc. owns and markets its core technology, a SaaS mobile solution branded C2A MobiCard, a scalable mobile business card software platform that enables users to create a customized web-based personalized mobile app that is sharable by text SMS, email, digital and social media. Subscribers are able to track when the card opens, views and shares all while validating and analyzing new leads and referrals in real time, thereby knowing who and when to follow up www.freemobicard.com

Safe Harbor Statement:

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our prior filings at www.sec.gov. The company is no longer a fully reporting SEC filing company. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Joshua Sodaitis, CEO

MobiCard, Inc.

45 Prospect Street Cambridge, MA  02139

Phone: 1-617-651-2460 Email: info@freemobicard.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c277deb8-f90d-4204-a8a9-287360e6e23d

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