HALF MOON BAY, Calif., Dec. 30, 2013 (GLOBE NEWSWIRE) -- Endeavor IP, Inc. (OTCBB:ENIP), an intellectual property services and patent licensing company, announced today that Franciscus Diaba has joined the Board of Directors. Mr. Diaba, an Intellectual Property Attorney possesses deep knowledge and expertise in intellectual property and patents. Mr. Diaba will add his knowledge, relationships and expertise in the IP patent and licensing sector to better strengthen the position of Endeavor IP, Inc., including identification of additional portfolio acquisition opportunities.
The Company has brought recent legal action against various parties, including Itron, Inc. and Con Edison Solutions, Inc., for infringement of its patents, which are pending. The Company maintains two families of patents one in mesh technology (involving wireless communication networks) and the second in solar monitoring (involving remote access energy monitoring systems and electric alternating current sensors for measuring alternating currents in circuit conductors) and is seeking to expand into additional technology opportunities.
Mr. Diaba stated, "I am happy to join the Endeavor IP team and assist in commercialization efforts and protecting its valuable intellectual property assets. I look forward to utilizing my knowledge and relationships within the industry to add value for Endeavor IP shareholders while continuing to expand the management team and look for new opportunities."
Franciscus L. Diaba, 41, currently practices Intellectual Property law in New York, New York. He was the President, Secretary, Treasurer and Chairman of the Board of North South Holdings, Inc. from November 2012 to May 2013 until acquired by Spherix Incorporated (Nasdaq:SPEX). Mr. Diaba was an Intellectual Property attorney at Kramer Levin Naftalis & Frankel LLP from 2009 to 2012. Mr. Diaba holds a B.S. in Mechanical Engineering from the State University of New York at Buffalo, and a Juris Doctor degree from Franklin Pierce Law Center (University of New Hampshire School of Law). Among other qualifications, Mr. Diaba brings to the Board years of experience counseling clients on IP portfolio development and monetizing IP assets, including as trial counsel.
Mr. Diaba has no family relationship with any of the executive officers or directors of the Company. There are no arrangements or understanding between Mr. Diaba and any other person pursuant to which he was appointed as a director of the Company.
Endeavor IP, Inc.
Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in Half Moon Bay, CA. http://www.enip.com.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
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