Aug. 1, 2013
/PRNewswire/ -- North South Holdings Inc. ("North South") -- an intellectual property development company, today announced that it has retained the law firm of Stevens Love, PLLC to commence monetization efforts of the patent portfolio acquired from Harris Corporation.
Stevens Love PLLC is a
based firm, with the bulk of its practice devoted to litigation, representing businesses and individuals in both
and nationally. In the patent monetization space, Stevens Love represents clients in patent infringement claims, licensing agreement disputes and related complex litigation.
, North South CEO, stated, "As we prepare to monetize the patent portfolio North South acquired from Harris Corporation, we are proud to have retained Stevens Love to help us deliver value to our investors. As we move towards the merger with Spherix Incorporated (NASDAQ: SPEX), we believe we are demonstrating the value North South brings to Spherix."
About North South Holdings Inc.
North South Holdings Inc. was formed on
November 9, 2012
to seek business opportunities in which to acquire patents from various entities and monetize those patents through sales, litigation or licensing. North South recently entered into an agreement to be acquired by Spherix Incorporated (NASDAQ: SPEX).
About Spherix Incorporated
Spherix Incorporated (NASDAQ: SPEX) was launched in 1967 as a scientific research company. Spherix presently offers a diversified commercialization platform for protected technologies. The company continues to work on life sciences and drug development and presently is exploring opportunities in nutritional supplement products relying on its D-Tagatose natural sweetener as a GRAS ingredient. Spherix is committed to advancing innovation by active participation in all areas of the patent market. Spherix draws on portfolios of pioneering technology patents to partner with and support product innovation. Through its recently announced acquisition of several hundred patents issued to Harris Corporation Spherix intends to expand its activities in wireless communications and telecommunication sectors including antenna technology, Wi-Fi, base station functionality, and cellular.
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 North South 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. Thus, actual results could be materially different. North South 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.
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SOURCE North South Holdings Inc.