General Patent Corporation Acquires IPOfferings LLC to Expand Patent Brokerage Business

Names Richard Ehrlickman, IPOfferings' Founder, Vice President

Suffern, N.Y., January 14, 2010 − General Patent Corporation (GPC), a leading intellectual property (IP) boutique focusing on patent licensing and enforcement as well as IP advisory services and IP brokerage, has acquired IPOfferings LLC, an IP brokerage and consulting firm headquartered in Boca Raton, Fla. IPOfferings' founder and President, Richard Ehrlickman, was named Vice President of General Patent Corporation.

IPOfferings will be folded into the General Patent corporate group, and will become a wholly-owned subsidiary of IP Holdings LLC, an IP-centric merchant banking organization affiliated with GPC. Aside from his position as Vice President of GPC, Mr. Ehrlickman will continue to serve as President of IPOfferings, LLC, which will function as the patent-brokerage arm of IP Holdings.

Richard Ehrlickman spent 30 years at IBM, the last nine as Vice President of the Intellectual Property and Licensing Technology Group. After leaving IBM, Mr. Ehrlickman served as CEO at Automated Resource Group and, later, as Executive Vice President at TAEUS International Corporation, before founding IPOfferings in 2009.

"This strategic acquisition of IPOfferings will bolster our patent brokerage services," said Alexander Poltorak, Chairman and CEO of General Patent Corporation. "We are thrilled that Rich Ehrlickman, a seasoned IP executive, will be joining our senior management team," he concluded.

"I am delighted to be joining General Patent Corporation, a premier IP boutique. Being part of a much larger organization will enable us to provide a greater array of services to our clients thanks to all the resources available at GPC," said Richard Ehrlickman.

Mr. Ehrlickman holds a B.S. in Electrical Engineering from City College of New York and an M.S. in Computer Engineering from Syracuse University. He is a Certified Licensing Professional, and Mr. Ehrlickman is a member of the Licensing Executives Society. He is a senior member of the Institute of Electronic Engineers. He also serves on the Advisory Board of DeVry University and Keller Graduate Business Schools.

About IP Holdings LLC

IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP Holdings provides IP-related financial services, IP brokerage services, and operates an idea incubator. For more information on IP Holdings, visit www.ip-holdings.com.

About IPOfferings LLC

IPOfferings LLC, headquartered in Boca Raton, Fla., is a leading patent brokerage and IP consulting firm. IPOfferings will continue its operations as a wholly-owned subsidiary of IP Holdings LLC and a part of the General Patent group of companies. For more information on IPOfferings, visit www.ipofferings.com or contact Rich Ehrlickman at rich@ipofferings.com.

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