Overture Files Patent Infringement Lawsuit Against Google
PASADENA, Calif., Apr 5, 2002 (BUSINESS WIRE) -- Overture Services, Inc. (Nasdaq:OVER), the world's leading provider of Pay-For-Performance search to Web sites across the Internet, today announced that it has filed a patent infringement lawsuit against Google Inc. in the United States Federal District Court in Los Angeles.The lawsuit charges Google with infringement of Overture's U.S. Patent No. 6,269,361. The '361 Patent protects various features and innovations relating to bid-for-placement products and Overture's Pay-For-Performance search technologies including its DirecTraffic Center account management system and tools.
Since the company's inception, Overture has devoted thousands of combined hours of research and development and tens of millions of dollars to develop its search technologies and innovative systems. Overture owns two patents and has several patents pending relating to its core technologies and inventions. The company intends to enforce its intellectual property rights against those who use its patented inventions without authorization.
About Overture
Overture (Nasdaq: OVER), formerly known as GoTo, is the world's leader in Pay-For-Performance search on the Internet. The company created the market for Pay-For-Performance search by redefining how businesses market online. In the fourth quarter of 2001, Overture facilitated more than 442 million paid introductions on a worldwide basis between consumers and its approximately 53,000 advertisers, who bid for placement on relevant search results and pay Overture only when a consumer clicks on their listing. Following a rigorous screening for user relevance by Overture's 100-person editorial team, the company distributes its search results to tens of thousands of sites across the Internet, including America Online, MSN and Yahoo!, making it the largest Pay-For-Performance search and advertising network on the Internet. Overture is based in Pasadena, California. For more information, please visit www.overture.com.This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to risks and uncertainties that could cause actual results and events to differ materially. These risks and uncertainties include, among others, the uncertainty of litigation. For a discussion of other risks that could cause actual results or events to differ materially from such forward-looking statements, see the discussion of "Risks That Could Affect Our Financial Condition and Results of Operations" in Overture's 10-K filing with the SEC for the period ended December 31, 2001. Overture undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Note: Overture, Pay-For-Performance and DirecTraffic Center are service marks or registered service marks of Overture Services, Inc. in the United States and other countries.
CONTACT:
Overture Services, Inc.
Al Duncan, 626/685-5714 (Media)
al@overture.com
or
Laurie Berman, 626/229-5368 (Investors)
laurie.berman@overture.com
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