Marathon Patent Group Releases Letter to Shareholders
ALEXANDRIA, VA--(Marketwired - Apr 25, 2013) - Marathon Patent Group, Inc. (OTCBB: MARA) ("Marathon"), an Intellectual Property services and monetization company, today released the following letter to its shareholders.
Dear Fellow Shareholder,
I wanted to take this opportunity to share with you the progress Marathon has made since our new business strategy was adopted in mid-November 2012.
As many of you know, the Company has been transformed into an intellectual property company, in which revenues will be generated from our two divisions: IP Licensing & Enforcement and IP Services. We have hired executives with experience in intellectual property as well as added two new independent board members with strong credentials in the intellectual property industry. In our transformation process, we have substantially unwound our real estate assets and are seeking to dispose of our remaining uranium exploration assets.
The Company has changed its name to Marathon Patent Group from American Strategic Minerals. The corporate name change was undertaken to align our new business strategy as an intellectual property ("IP") company. Marathon serves patent holders of all types and sizes.