Blog of Intellectual Capital

Bidding Process – Procedures for the Sale of Bell and Howell Patents

Further to Gerbsman Partners e-mail of September 30, 2013 regarding the sale of certain Patents of Bell and Howell, I have outlined below the Bidding Process for interested buyers.  I have also attached detailed Patent information.

The Bidding Process for Interested Buyers

Interested and qualified parties shall perform their own due diligence regarding the Bell and Howell Patents number 924 and 315 and shall be deemed to acknowledge and represent (i) that it is bound by the bidding procedures described herein;  (ii) that it is not relying upon any written or oral statements, representations, or warranties of Gerbsman Partners, or their respective staff, agents, or attorneys; and (iii) all such information documents and reports have been provided solely for the convenience of the interested party, and Gerbsman Partners (and their respective staff, agents, or attorneys) do not make any representations as to the accuracy or completeness of the same.

Interested parties will be invited to participate with a sealed bid, for the acquisition of one or both of the Bell and Howell Patents. Each sealed bid must be submitted so that it is received by Gerbsman Partners no later than Wednesday, November 12, 2013 at 3:00pm Eastern Time (the “Bid Deadline”) at Bell and Howell’s office, located at 3791 S. Alston Avenue, Durham, NC 27713-1803, attn Blake Eaddy, Esq..  Please also email steve@gerbsmanpartners.com with any bid.

Bids should identify one or both of the Patents  being offered by Bell and Howell.

Any person or other entity making a bid must be prepared to provide independent confirmation that they possess the financial resources to complete the purchase.  All bids must be accompanied by a refundable deposit in the amount of $200,000 (payable to Bell and Howell.).  Wiring instructions will be in a follow up email.  The winning bidder will be notified within 3 business days of the Bid Deadline. The deposit will be held in trust by Bell and Howell.  Unsuccessful bidders will have their deposit returned to them within 3 business days of notification that they are an unsuccessful bidder.

Bell and Howell. reserves the right to, in its sole discretion, accept or reject any bid, or withdraw any or all the Patnets from sale.  Interested parties should understand that it is expected that the highest and best bid submitted will be chosen as the winning bidder and bidders may not have the opportunity to improve their bids after submission.

Bell and Howell will require the successful bidder to close within a 7 day period. Any or all of the assets of the Bell and Howell Patents. will be sold based on a negotiated agreement.

All sales, transfer, and recording taxes, stamp taxes, or similar taxes, if any, relating to the sale of the Bell and Howell Patents shall be the sole responsibility of the successful bidder and shall be paid to Bell and Howell. at the closing of each transaction.

For additional information, please see below and/or contact:

Steven R. Gerbsman
steve@gerbsmanpartners.com

Kenneth Hardesty
ken@gerbsmanpartners.com

Delivering information in a preferred medium
Historically communications between businesses and customers have been “paper-based”, and delivered through one of the major postal carriers.  However, advances in web and mobile technologies and changes in consumer behaviors have pushed business to plan for multi-channel communication strategies where information can be delivered how and where each user wants.

These trends and changes will only accelerate – and consumers are now in the driver’s seat for defining the next technology and communication wave.   So companies who have information to share – whether it be a monthly bill, a quarterly statement, a notification regarding an account change, a marketing promotion, a location-based coupon, a real-time message about weather or travel changes – need to be thinking about how they are tracking individual preferences and managing data for delivery across these various channels.

The technology disclosed in the 6,157,924 and 6,701,315 patents present a preferred approach for addressing this critical business and technology issue.  The patents define how the message recipient can specify a preferred delivery medium for their communication delivery, which can include but are not limited to web, FAX, E-mail, printed document and mail, and any other current or future technology advancement, and how information can be sent.
If your business is managing information today or in the future across one or more channels, this patent may be of interest and great value.