IPOfferings Sells Three Patents for Dr. Allen Rushing

Online, July 18, 2011 (Newswire.com) - IPOfferings LLC, a leading patent brokerage and IP transaction and consulting services company, announced today that it sold three U. S. Patents for Dr. Allen J. Rushing. Prior to being issued those patents, Dr. Rushing was a named inventor for 31 U.S. Patents during a 27-year career at Eastman Kodak. After leaving Kodak, he founded LogLight Designs that built and marketed densitometers that incorporated his designs. Densitometers are instruments that measure the darkness and color of printed material.

While doing business as LogLight Designs, Dr. Rushing was awarded the three densitometer patents. He identified several potential licensees of his patents, but faced with the option of lengthy patent licensing negotiations - or selling the patents - he contracted with IPOfferings to represent him in the sale of his intellectual property. IPOfferings developed three serious prospective buyers for these patents, and the sale was consummated in June of 2011. At the request of the buyer, the name of the acquirer is not being disclosed.

"From the offering memorandum through final consummation of the sale, I benefitted immensely from IPOfferings' experience, connections, and professionalism," said Dr. Rushing.

Allen Rushing holds a Ph.D. in Electrical Engineering from the University of Missouri. Dr. Rushing is now retired and lives in Upstate New York.

"We were delighted to represent Dr. Rushing in the sale of these patents," said Tom Major, Vice President of IPOfferings. "The true spirit of American innovation is embodied in solo inventors like Dr. Rushing who continue to create the next generation of new technologies."

About IPOfferings LLC
Both a full-service patent broker and a provider of IP transaction and consulting services, IPOfferings helps its clients optimize the value of their intellectual assets. IPOfferings represents both sellers and buyers of patents, trademarks, technology and other intellectual property, and IPOfferings' consulting services include IP strategy, valuation, analyses, licensing and due diligence.