Anthony Grillo Joins Saxon Innovations as Senior Vice President of Licensing

TYLER, Texas--(Business Wire)--Saxon Innovations LLC, an intellectual property licensing company,
has named Anthony Grillo, Senior Vice President of Licensing.

Most recently, Mr. Grillo served as Vice President of Licensing
for IPVALUE Management Inc. where he lead and managed patent
assertion, sale and licensing activities for various clients. Prior to
joining IPVALUE, Mr. Grillo was the Vice President of Intellectual
Property for Agere Systems where he led a team that generated $140
million in annual revenue from the company's patent portfolio. During
his tenure at Agere, Mr. Grillo was responsible for all aspects of
intellectual property including licensing, patent assertion, patent
litigation, and patent prosecution. Prior to Agere, Anthony worked at
Lucent Technologies where he was responsible for patent prosecution
and licensing matters.

"Anthony brings a strong combination of legal and business
experience to his position at Saxon Innovations," said Saxon
Innovations Chairman, Bill Marino. "We are delighted to have Anthony
join Saxon Innovations. He brings to the company a well established
track record of monetizing innovations, and his experience will be
useful in identifying other potential acquisition opportunities."

"I look forward to working with the Saxon Innovation team," said
Mr. Grillo. "The company is well capitalized and positioned to further
develop and commercialize its intellectual property portfolio."

About Saxon Innovations

Saxon Innovations is a leading intellectual property licensing
company that develops, markets, and enables innovative technologies.
The company serves a wide variety of growing technologies including
networking, wireless and wired voice and data communications,
computers, data storage devices, entertainment and gaming systems and
other consumer electronics. The current Saxon Innovations patent
portfolio is comprised of over 180 U.S. patents covering technology
that originated from AMD and its spin off Legerity. Saxon Innovations
plans to grow its patent portfolio through innovation and continued
strategic acquisitions.

Brody Berman Associates
Bruce Berman, (+1) 212-683-8125 x 216
bberman@brodyberman.com

Copyright Business Wire 2008