JERSEY CITY, N.J., April 28, 2014 /PRNewswire/ -- VideoStar LLC, a licensing vehicle established with Single Touch Systems, Inc. (OTCBB: SITO) today announced it has completed a milestone patent license agreement, effective April 21, 2014, with a leading US broadcasting entity.
"The execution of this licensing deal is an important step in validating the strength of Single Touch's patent portfolio and what we trust will be the first of many for our Company," said James Orsini president and CEO of Single Touch.
For more information regarding the details of the transaction, please refer to the company's Form 8-K, which can be found here: http://ir.singletouch.net/all-sec-filings#document-28714-0001213900-14-002609.
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies 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 press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, our reliance on brand owners and wireless carriers, the possible need for additional capital as well other risks identified in our filings with the SEC. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE Single Touch Systems, Inc.