HALF MOON BAY, Calif., Jan. 7, 2014 (GLOBE NEWSWIRE) -- Endeavor IP, Inc. (OTCBB:ENIP), an intellectual property services and patent licensing company, announced today that Rob Dhat has joined as Chief Executive Officer and Chairman of the Board. Mr. Dhat possesses deep knowledge and expertise in intellectual property and patents, having worked in various management roles for Tessera Intellectual Property Corporation and Rambus, Inc. over the past 15 years. Mr. Dhat replaces Dr. Cameron Gray who has resigned, effective immediately, in order to pursue other interests.

"I am very excited by this opportunity and for the future of Endeavor IP," stated Mr. Dhat. "There are tremendous opportunities ahead in further monetizing its valuable intellectual property assets and to build out its IP patent portfolio. I will be able to utilize my network of contacts and expertise in the IP patent sector that I have built over the past 15 years while at Tessera Intellectual Property Corporation and Rambus, Inc. I look forward to building a strong IP company for our shareholders."

Director, Franciscus Diaba stated, "I look forward to working closely with CEO Rob Dhat, as his background and experience is ideal to lead Endeavor IP to become a leading IP company."

Rob Dhat was Vice President of Business Development at Tessera Intellectual Property Corporation where he co-led the business development team responsible for developing and executing on Tessera's IP growth strategy from 2011 to 2013. Prior to joining Tessera, Mr. Dhat spent 11 years at Rambus, Inc. in various technical and marketing management roles across multiple business units. Mr. Dhat has approximately 15 years of experience in intellectual property related business development, strategic marketing management, new product planning, technical sales, and system engineering for consumer and semiconductor IP. Mr. Dhat holds a BSEE degree from the University of Victoria and an MBA from the Wharton School of Business.

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.

Forward-Looking Statements

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.

Stephen Hart
Hayden IR