DALLAS, April 24, 2014 (GLOBE NEWSWIRE) -- Blue Calypso, Inc. (OTCBB:BCYP), a developer of digital innovation products and services, has received written notice that the United States Court of Appeals for the Federal Circuit has denied Groupon's (Nasdaq:GRPN) petition for mandamus to transfer the patent infringement case out of the Eastern District of Texas. The court cited that Blue Calypso filed the case where it is headquartered and where it developed the patented inventions. The order states that Groupon failed to demonstrate that the previous district court ruling was clearly incorrect in denying the petition to move the trial.
"This is a significant and final decision from the Federal court. The Eastern District of Texas is known for their local patent rules for efficient trial scheduling, as well as their in-depth knowledge of intellectual property (IP). We look forward to the resolution of our case against Groupon," concluded Blue Calypso CEO Bill Ogle.
About Blue Calypso, Inc.
Blue Calypso, Inc. (OTCBB:BCYP) develops and monetizes technology and intellectual property (IP) focused on digital word-of-mouth marketing and advertising. Its intellectual property portfolio consists of five patents and seven pending patent applications that cover methods and systems for communicating advertisements and electronic offers between communication devices, including mobile and desktop devices. The company enables businesses to employ digital advertising to share and socialize brand content, as well as track performance, monitor engagements, and gather robust analytics. It offers digital innovation services and solutions, including SocialEcho, a patented social marketing technology that helps companies leverage their existing advocates, such as customers, social media fans, and email subscribers as brand ambassadors; EMGAGE, a patented technology that helps companies leverage the power of their employees to communicate company messages across social media communities; and PopShare, an applet that resides on client websites and offers consumers the ability to personalize then share brand content across their social media channels. The company also provides social media, digital/mobile creative, loyalty program enhancement, and employee engagement services. It serves companies in automotive, retail, travel and consumer goods industries.
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission.
Barretto Pacific Corporation
Dallas, Texas, UNITED STATES
Day's Range: 0.13-0.14
Previous Close: 0.13
Market Cap: 28.96M
Day's Volume: 1,521,107