Card Activation Technologies, Inc. Files Suit Against 10 Major Retail Companies for Violation of Patent

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Tue Apr 6, 2010 7:01am EDT

CHICAGO--(Business Wire)--
Card Activation Technologies (Pink Sheets: CDVT), owners of a patented
point-of-sale technology for the activation and processing of transactions
related to debit styled cards, which include gift cards, phone cards and other
stored value cards, today said that the Company has filed lawsuits against 10
major retailers including Fashion Bug, Lane Bryant, Nordstrom`s, Blockbuster and
Macy`s for patent infringement. The case was filed in the United States District
Court for the Western District of Missouri. 

On February 26, 2010, Card Activation Technologies, Inc. ("Card") and MedCom USA
Inc. (Pink Sheets: EMED) ("MedCom") entered into a Settlement Agreement and
Mutual Release (the "Agreement") with William Williams (a former executive of
Card and MedCom), Eva Williams, Wilcom Inc., W.P.W. Aircraft, LLC, Williams
Family Trust, and American Nortel Communications, Inc. (collectively, the
"Williams Group"). This Agreement will serve to settle and mutually release each
member of the Williams Group, on the one hand, and Card and MedCom, on the other
hand, from any and all claims that any member of the Williams Group, and Card or
MedCom has against the other relating to certain litigation that was filed or
corporate governance claims that may arise from Card or MedCom. As a condition
to the Agreement, the Williams Group has returned an aggregate of 24,150,264
shares of Card common stock and 20,415,651 shares of MedCom common stock. 

About Card Activation Technologies 

Card Activation Technologies, Inc. is a Chicago-based company that owns
proprietary patented payment transaction technology used for processing gift
cards, phone cards and other debit purchase transactions. The company is
actively seeking to license its technology to the thousands of current users and
believes that many retailers, gas stations, phone companies and others that
utilize those stored value cards, such as gift and debit, infringe its patent.
As a result, the company is aggressively pursuing litigation against these
infringements. For further information about Card Activation Technologies go to
www.cardactivationtech.com. 

Certain statements in this press release that are not historical facts are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements may be identified by the use of
words such as "anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "intend," and similar expressions. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
Card Activation Technologies, Inc. (the Company) to be materially different from
those expressed or implied by such forward-looking statements. The Company's
future operating results are dependent upon many factors, including but not
limited to the Company's ability to: (i) defend its patent; (ii) build the
management and human resources and infrastructure necessary to support the
growth of its business; (iii) competitive factors and developments beyond the
Company's control; and (iv) other risk factors discussed in the Company's
periodic filings with the Securities and Exchange Commission, which are
available for review at www.sec.gov under "Search for Company Filings."

For Card Activation Technologies
Robert H. Kite, 480-970-1540 



Copyright Business Wire 2010

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