SACRAMENTO, CA--(Marketwire -04/03/12)- Internet Patents Corporation (NASDAQ: PTNT - News), formerly InsWeb Corporation, today announced that it has filed Form 10-K for the year ended December 31, 2011 with the Securities and Exchange Commission (SEC). The document is accessible from the Company's investor relations website at http://ir.internetpatentscorporation.net/sec.cfm.
"We are pleased to have completed the transaction with BankRate, Inc. exiting fiscal 2011 and to have delivered tangible value for our shareholders through the special cash distribution on March 9, 2012. We are excited about our new intellectual property-focused business and the licensing opportunities that we believe are available to us based on our strong portfolio of e-commerce and online insurance distribution patents. We look forward to providing more details regarding the business when we issue our first quarter 2012 press release on or before May 1, 2012," said Hussein Enan, Chairman and CEO of Internet Patents Corporation.
About Internet Patents Corporation
Headquartered in Sacramento, CA, Internet Patents Corporation (NASDAQ: PTNT - News) operates a patent licensing business focused on e-commerce and online insurance distribution technologies.
This news release contains forward-looking statements, which include statements expressing the intent, belief or current expectations of Internet Patents Corporation that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "target," "goal," and similar expressions are intended to identify forward-looking statements. Actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Internet Patent Corporation's business, which include, but are not limited to: the unpredictable nature of patent licensing; potential changes in the laws and regulations relating to patents; the risk that we are not currently engaged in the patent licensing business, and our patent portfolio has never generated revenues; future changes we may make in our patent licensing strategy; and changes in the taxation of distributions to shareholders due to current year earnings. Unless legally required, Internet Patents Corporation undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.