ICAP Ocean Tomo's Fall Auction on November 11th to Feature Internet-Based Event and Meeting Planner and Geolocation Technology

Oct 12, 2010, 15:22 ET from ICAP Ocean Tomo

CHICAGO, Oct. 12 /PRNewswire/ -- ICAP Ocean Tomo, the intellectual property brokerage division of ICAP plc (IAP.L) and the world's premier patent auction firm, will auction an internet-based event and meeting planner system at its upcoming Fall Auction on November 11th in Napa, California. Developed by TTB Technologies, LLC, this lot includes location-based technology and comprises three US issued patents, a recently allowed US application and one pending US application which have been cited by Cisco and AOL.

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The assets of this lot provide a means for users to facilitate in-person events or meetings with new people or arrange meetings with nearby users via location-based technologies.  The proposed event and meeting planner system allows users to publish upcoming events or meeting details and seek RSVPs from interested individuals using the system. Additionally, the location-based technology enables users to search posted events and meetings based on their current location. The location-based technology also provides users updated information relating to travel reports, weather, traffic, and newly posted meeting invites relative to their location.

"The patented technology was originally filed in early 2000 and facilitates the creation of events or meetings including two or more people," explains TTB Technologies CEO John Boyd.

"This lot should be of interest to social and business networking companies, event websites, dating and matchmaking service providers, and online marketing service providers," said ICAP Ocean Tomo CEO Dean Becker.

The expected value of this portfolio is between $375,000 - $875,000. It can be purchased immediately, in advance of the auction through ICAP Ocean Tomo's Purchase Now feature for $765,000. For more information on the patents available in this lot, contact Dean Becker at dean.becker@us.icap.com.

To view the Fall Auction catalog online, visit http://icapoceantomo.com/auction/fall/catalog.

About ICAP Ocean Tomo LLC

ICAP Ocean Tomo is the intellectual property brokerage division of ICAP and the world's premier patent auction firm.

About ICAP

ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.