Belzberg Technologies Inc. (TSX:BLZ) today announced that it has retained Donald E. Stout, co-founder of NTP and partner in the firm Antonelli, Terry, Stout & Kraus, LLP, as counsel and strategic advisor in handling the company's patent portfolio. A letter has been sent out to a firm, on behalf of Belzberg Technologies, soliciting a potential licensing arrangement.
Patent Information
In January 1999, Belzberg received a U.S. Patent Number 5,864,827, recognizing its exclusive rights to intellectual property for a System and Method for Providing a Protocol Transaction Gateway. In August 2004, Belzberg was granted European Patent Number 0992014 for a System and Method for Providing an Information Gateway.
The patent protects Belzberg's Transaction Gateway - a system that translates the protocol of incoming transaction messages from customers into the appropriate protocol used by various exchanges and market makers. The technology facilitates electronic stock trading by allowing customers to execute trades on any market they choose from a single screen.
About Belzberg Technologies
Belzberg Technologies provides technology based brokerage services for financial institutions in the United States, Canada and Europe. The company owns an agency-only broker-dealer in the United States that allows the company to execute equities and options trades for its customers. Using Belzberg's suite of patented integrated trading tools and network connectivity, Belzberg's customers have direct access to all North American equities and options markets, as well as major European stock exchanges. The firm's client base includes over 200 leading U.S. and international brokerage houses and other financial institutions. Belzberg Technologies is listed on the Toronto Stock Exchange (TSX) (Ticker-BLZ).
Additional information on Belzberg Technologies Inc. is available on the company's web site, www.belzberg.com.
Except for historical information contained herein, the matters discussed in this press release are based on forward-looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products, prices and other factors.
For further information: Sid Belzberg, Chief Executive Officer, phone: (416) 360-1812