EnXnet, Inc. Announces ThinDisc(c) International
Patent Application
TULSA,
Okla.--(BUSINESS WIRE)--March 2, 2006--EnXnet, Inc.
(OTCBB:EXNT; German WKN# A0HMDW) announces it has filed for International
Patent Protection under the Patent Cooperation Treaty (PCT) for its ThinDisc(c) patent filed in March 2005. This filing will
include all of the improvements made to the technology as recently announced. EnXnet has entered into supply agreements for each of two
new products, One28 Marketing Group's MoxyCard(tm)
and Interactive Affinities' SurfCard(tm), which
utilize its ThinDisc(c) technology. Both companies
are eager to begin presenting evaluation samples of these products to their
international customers. They anticipate that the MoxyCard(tm)
and SurfCard(tm) will be received internationally
with the same enthusiasm as the evaluation samples have been received in the
The stored
value card market is growing and evolving rapidly. The Pelorus
Group noted that the global market for all stored value applications in 2004
stood at just under $490 billion, according to a recent Prepaid Press article.
Experts put this industry in the introductory or early growth stage of the
product life cycle, suggesting that there is substantial growth potential in
the years ahead. Stored value solutions have become the most talked about, next
generation marketing tool for retailers.
The ThinDisc(c) is the same thickness as a standard credit
card, thus it is easily read by existing credit card readers. ThinDisc(c) offers issuers a unique stored value card that
has audio and video capabilities to promote products and services. Issuers can
now deliver store promotions, product promotions, printable coupons, sales
campaigns, specials, services offered and other information about their company
when they issue a stored value card. ThinDisc(c)
technology significantly multiplies the usefulness of these cards for both
issuer and user.
Ryan
Corley, President of EnXnet, Inc., had this to say: "The stored value card
market is growing at a fantastic rate as this method of commerce is being
eagerly accepted worldwide. Our ThinDisc(c)
technology was developed to accommodate a wide range of applications. The first
of these applications coming to market are One28's MoxyCard(tm)
and Interactive's SurfCard(tm)
stored value cards. We feel that bringing ThinDisc's(c)
audio and video capabilities to the stored value card industry will prove to be
an essential element in fueling this growth by providing both consumers and
issuers a new and exciting dimension to this industry."
This release may include forward-looking statements from the company
that may or may not materialize.
Additional information on factors that could potentially affect the
company’s financial results may be found in the company’s filings with the
Securities and Exchange Commission.
Contact:
EnXnet, Inc.,
Ryan Corley, 918-592-0015
Fax: 918-592-0016
investor@enxnet.com
www.enxnet.com
or
For Investor Relations:
Blue-Sky Solutions, LLC
Stephanie Soleas, 877-4-BLUE-IR
exnt@blueskyir.com