TAEUS International Corporation Launches Web-Based Intellectual Property Auction

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Dec. 14, 2004 -- TAEUS International Corporation, the premiere provider of engineering-based intellectual property professional services, announces the launch of its Web-based Intellectual Property (IP) auction site (http://auction.taeus.us). The site, launched December 3, 2004, is currently accepting bids on a caller identification and data retrieval system patent and copyright package. The patent and associated copyrights cover telecommunications call monitoring and intercept technologies that form a building block for the capture and analysis of any type of telecommunications traffic. The auction will close January 31, 2005. The auction platform will remain active, however, with auctions being held at regular intervals as additional IP packages become available.

While the auction is by invitation only, companies wishing to bid on the package may contact TAEUS for more information and to receive an access code. To date, TAEUS has invited 26 companies to bid on the IP package. "TAEUS looked at IP auctions occurring internationally and thought about how to improve the process," said Art Nutter, president and CEO, TAEUS International Corporation. "We decided that a Web-based auction offered the flexibility many companies need in order to participate in the auction process. Bidders don't need to be onsite at a particular time to make an offer, and the longer time-window allows more companies the opportunity to review the IP and take part in the auction."

As a means of ensuring the quality of the IP packages it offers at auction, TAEUS conducts a rigorous pre-screening to identify and offer IP that is valuable and applicable. At other IP auction sites this is often not the case, and buyers may be at risk of purchasing IP that cannot be used.

Companies and individuals wishing to learn more about participating in the auction should contact Dan McLane at TAEUS International at 719-325-5012 or via e-mail at dmclane@taeus.com.

About TAEUS

TAEUS is the leader in applying engineering principles to patent evaluations for licensing. TAEUS offerings include intellectual property portfolio analysis, valuation, licensing due diligence and litigation support. TAEUS clients have included global Fortune 1000 companies, such as Intel, IBM, Lucent, Philips, Alcatel, as well as law firms and financial institutions.

Since 1992, TAEUS has reviewed more than 24,000 patents and performed over 1,600 technical investigations for leading corporations, law firms and other advisors. TAEUS is headquartered in Colorado Springs, Colorado, and has offices in San Jose, New York, London, St. Petersburg and Seoul. (http://www.taeus.com)