McDonald's Monopoly Promotion Subject of Patent Infringement Suit/ Federal Subpoena Issued
PHILADELPHIA, Nov. 29, 2011 /PRNewswire/ -- McDonald Corporation's Monopoly® promotion is the subject of a federal patent infringement suit launched by LaserLock Technologies, Inc. (OTC Ticker: LLTI) it was announced today. LaserLock initiated the suit in 2010 against WS Packaging Group of Green Bay, Wisconsin, one of the largest label converting operations in North America, who manufactured the game pieces on behalf of McDonald's.
LaserLock alleges that McDonald's used the Company's patented technology to protect more than 1.5-billion Monopoly® game pieces from being counterfeited which were manufactured by WS Packaging Group between 2009 through 2011. LaserLock has issued a federal subpoena of McDonalds.
On November 8, 2011 under the headline "McDonald's Monopoly Gives Boost to Sales" MSNBC US Business News Report said "McDonald's reported higher than expected rise in worldwide October sales at established restaurants aided by a popular promotional game in the United States. Same restaurant sales rose 5.2% in the United States beating analysts' expectations for an increase of 3.7% and helped by the Monopoly game promotion."
LaserLock Technologies, Inc., based in Bala Cynwud, PA markets security technology solutions to protect documents and products from being counterfeited.
"The Company plans to vigorously pursue this violation of its patent rights over a three year period," said Norman A. Gardner, Chairman & Chief Executive Officer of LaserLock. "We have put in place the resources that will be required to pursue this matter to its conclusion."
ABOUT THE COMPANY
LaserLock Technologies, Inc. based in Bala Cynwyd, PA is publicly traded on the OTC Market under the ticker symbol "LLTI". The Company markets security technology to protect documents and branded products from counterfeiting, diversion and reproduction on a color copier or scanner.
FORWARD LOOKING INFORMATION
This press release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, among others, statements reflecting the Company's pending joint venture agreement, its planned efforts to expand and change its business model through acquisitions, strategic relationships and otherwise and, its filed patent infringement suit. Forward-looking statements are based on the belief's of the Company's management as well as assumptions made by and information currently available to the Company's management as to future events and financial performance with respect to the Company's operations. Forward-looking statements speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect the vents or circumstances arising after the date of which they were made. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including without limitation, risks associated with the conduct of litigations (including without limitation the risk that costs of conducting litigation, the possibility of adverse results and potential exposure to counterclaims) and risks associated with developing new technologies and marketing both existing and new technologies (including without limitation the risk that costs of implementing the Company's plan will exceed expectations; the risk that the expected benefits of these plans will not be realized; the risk that the implementation of these plans will interfere with and adversely effect the Company's operations, sales and financial performance;) risks associated with potential acquisitions and new strategic relationships (including the risk that the Company may be unable to identify or enter into any of the same, or that if it does not realize the expected benefit from such transactions); and risks related to general market and economic conditions). As a result of these factors, readers are cautioned not to place undue reliance on any forward-looking statements, including herein or that may be made elsewhere from time to time by, or on behalf of, the Company.
SOURCE LaserLock Technologies, Inc.
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