Sweet, and the buying by management begins! Quickly following through with the plan and what they set out. Still got plenty of ammo to come, should create a solid base here and maybe a run-up. Would not be surprised if some of the shares gobbled up today also came from management, we'll see.

I think they are limited due to rules surrounding 10b5-1 plans to only purchase up to 25% of share volume on any particular day, so would expect the greater the volume the greater the chance for significant insider share buys.

Form 4!

Plus options priced right around here for the next several years

Would not be surprised to this $2+ very shortly. Share buy back could definetly be related to Q4 CC and this:

in 1.385 avg, like the purchase plan pr.. we'll see

One buck.

Initial Addressable Market of 230,000 Potential Subscribers, or $3.3 Billion per Year

Patent Properties, Inc. (OTCQB:PPRO), an intellectual property company that develops and commercializes its unique portfolio of assets and has introduced a disruptive licensing solution for the mass market of patent owners and users, announced today the release of a report it commissioned by ipCapital Group (“ipCG”) identifying the sizable opportunity for “The United States Patent UtilityTM.” The Utility is Patent Properties’ Big Data-driven software system, currently in beta version, to unlock America’s treasure trove of inventions.

In its report, ipCG notes the current problem plaguing American innovation – that most companies cannot access new innovations or do not fully understand the risks and uncertainties associated with using patented technologies. According to ipCG, there are approximately 230,000 companies in America generating annual revenue between $5 million and $1 billion per year and doing business in the top 10 industries affected by patent litigation. Companies in this revenue range represent the Utility’s initial addressable target market, since they are most likely to need an outside solution for understanding the risks and opportunities in the U.S. patent system.

At an annual subscription fee of $14,400 per year, ipCG concludes the 230,000 businesses represent an initial $3.3 billion per year opportunity for the Utility and Patent Properties.

The report notes that the Utility offers a cohesive service platform to make the economic benefits of America’s 2.3 million active patents available to a much broader universe of inventors and operating businesses. The need for a service like the Utility has become more pressing given the role of patented technology in the U.S. economy and the rising costs of existing market efficiencies.

“The ipCG report clearly demonstrates the immediate market opportunity for the Utility to help patent owners gain access to new potential licensees and licensing revenue, while helping more businesses to tap into new commercial opportunities hidden in the U.S. patent database. Licensors both big and small can now enter into sensible commercial deals that benefit both sides, without the expense or risk of involving the court system,” said Jonathan Ellenthal, Vice Chairman and Chief Executive Officer of Patent Properties. “We’ve said that the Patent Utility is designed to be a broad-based market solution for businesses that are currently frozen out of the current patent system’s benefits due to the high costs and complexity of navigating today’s patent environment. At $3.3 billion per year, the ipCG report puts a real number on the Patent Utility’s marketplace.”

“This report, along with our recently commissioned study, ‘Unlocking Patents: Costs of Failure, Benefits of Success,’ by Brookings economist Robert Litan, which demonstrated that up to $200 billion in output could be added to the U.S. economy by marginal increases in licensing, is a wake-up call for America,” added Mr. Ellenthal. “In combination, both show that the Patent Utility offers the potential, for the first time in the digital age, to unlock huge amounts of American innovation currently on the commercial sidelines.”

The report is public and can be downloaded on Patent Properties’ website at www.patentproperties.com and clicking on the “Investor Relations” section.

Thanks for bringing this to my attention

PPRO

Patent Properties Announces Creation of Advisory Board of The United States Patent Utility

Robert Stoll, Former U.S. Patent Commissioner, to Chair Team of Outside Expert Advisors

Patent Properties, Inc. (OTCQB:PPRO), an intellectual property company that develops and commercializes its unique portfolio of assets and is creating a disruptive licensing solution for the mass market of patent owners and users, announced today the appointment of Robert “Bob” L. Stoll, former USPTO Commissioner for Patents, to Chair The United States Patent Utility’s (the Patent Utility) Advisory Board.

Joining Mr. Stoll on the Board will be Mona Sutphen, former White House Deputy Chief of Staff for Policy for President Obama; Vinit Nijhawan, Managing Director, Office of Technology Development and Lecturer in the Entrepreneurship Programs Office at Boston University; Louis Foreman, CEO & Founder of Edison Nation; and Stephen Merrill, former Executive Director of the National Academies’ Program on Science, Technology, and Economic Policy.

The Utility’s new patent licensing system for patent owners and users of patented technology is expected to launch in the second half of 2014.

The purpose of the Board is to advise Patent Properties’ senior leadership on business, policy, regulatory, and legal issues related to the development, launch, and growth of the company’s Patent Utility and its No-Fault Patent Licensing service (No-Fault). Board members will serve solely in an advisory capacity and will not have any operational or decision-making responsibilities with the company. The Board’s charter allows for up to eight members, including its Chair, with additional members likely to be drawn from backgrounds in university research and development, large size technology companies, chief patent counsels, licensing executives among others. The Patent Utility anticipates making additional board appointments in the upcoming months.

Jay Walker, Executive Chairman and Lead Inventor of Patent Properties, said, “America continues to lead the world in converting R&D dollars into patented inventions. But this will do us little good in terms of competitiveness, growth or high-quality future jobs, if our innovations, large and small, fail to reach the marketplace. And that is the unfortunate reality in our economy today. Two million patents, 95% of all issued and active patents, are frozen out of the economy and stuck on the commercial sidelines because licensing today occurs largely through hugely expensive legal proceedings. More than two million patents fail to yield even one dollar of licensing revenue for their inventors and owners and, at the same time, America’s businesses are prevented from accessing the innovation contained in these patented inventions.”

Mr. Walker continued: “When we thought about developing a response to America’s problem – a new patent licensing system that bypassed the courtroom for the mass market of patented inventions – we wanted to bring together a highly experienced and thoughtful group of experts to help us finalize the architecture of our new Patent Utility and then move this unique and important system rapidly and effectively into the marketplace. With Bob Stoll as our Advisory Board’s first Chair, and Mona Sutphen, Vinit Nijhawan, Steve Merrill and Louis Foreman serving with Bob, we know the company will be receiving the best advice to be found in our nation. ”

Jonathan Ellenthal, CEO of Patent Properties, added, “Patent Properties is privileged to have such distinguished and accomplished group of experts on the Advisory Board of the Patent Utility. As a former Commissioner of the USPTO, no one is better positioned than Bob to help lead this effort, and Mona, Vinit, Steve and Louis bring tremendous knowledge and insight from their respective careers. We look forward to adding additional members over the coming months and leveraging the knowledge and expertise of this group to transform the patent licensing system in America.”

Bob Stoll is a Partner on the Patent team at Drinker Biddle & Reath LLP and Co-Chair of the Intellectual Property Group. In October of 2013, he was appointed by Chief Judge Rader to a three-year term on the Court of Appeals for the Federal Circuit Advisory Council. As the former USPTO Commissioner for Patents, he was instrumental in the passage of landmark patent legislation, the America Invents Act, and lauded for his efforts to reduce patent pendency and improve patent quality. He has spent his career improving the intellectual property system and educating the public, applicants, corporations and foreign governments on the criticality of intellectual property to economic growth and job creation.

Mr. Stoll said: “I am excited about having the opportunity to help Patent Properties and The United States Patent Utility realize the critical mission of its No-Fault system. Jay Walker is right to devote his thinking and resources to removing the commercialization barriers faced by America’s innovators, be they small inventors, mid-sized companies, or even our largest and most globally active companies.”

Mr. Stoll further added: “Throughout my career, I have been devoted to improving America’s intellectual property and patent system, primarily through traditional means such as patent reform and regulation. Patent Properties, through the creation of the Patent Utility is working on something completely new and innovative: a voluntary and commercially sensible alternative to the court-based patent licensing system. I look forward to contributing to this unique opportunity by offering my guidance and expertise as they work toward an innovative solution to fix our nation’s patent licensing system.”

Mona Sutphen is currently a Partner in Macro Advisory Partners. She also is a member of the President’s Intelligence Advisory Board and serves on the Boards of the International Rescue Committee, Drilling Info Holdings, and Human Rights First. Prior, she spent three years at UBS AG as Managing Director, covering geopolitical and regulatory/policy trends. Mona served as White House Deputy Chief of Staff for Policy for President Obama from 2009 – 2011, working on a range of policy matters including technology initiatives and regulatory strategy. Previously, she was Managing Director at Stonebridge International, a global strategy consulting firm advising multinational corporations and financial institutions. Prior, she served as a U.S. Foreign Service Officer, including in the Clinton Administration on the staff of the National Security Council at the White House, the U.S. Mission to the United Nations and on implementation of the Dayton peace accords in Sarajevo.

Vinit Nijhawan is Managing Director, Office of Technology Development, and Lecturer at EPO (Entrepreneurship Programs Office) at Boston University. Vinit has over 30 years experience building five startups: as CEO of three, five were acquired. Vinit was Venture Partner at Key Venture Partners and over two years sourced over 200 deals and made one investment that was acquired for $430 million. He is an advisor and board member to several technology startups and was a Mass High Tech All-Star in 2005. Vinit has participated in over 150 panel discussions and paper presentations, and is a Board Member of Mass Ventures, an early stage, quasi-public Massachusetts venture capital firm and a co-founder of EdTech Accelerator LearnLaunchX.

Louis Foreman is currently Chief Executive of Enventys, an integrated product design and engineering firm. He is also CEO of Edison Nation and Edison Nation Medical. Over the past 20 years Louis has created nine successful start-ups and has been directly responsible for the creation of over 20 others. He is the inventor on 10 registered US patents, and his firm is responsible for the development and filing of well over 600 more. In addition, Louis serves on the Board of Directors of the James Dyson Foundation, the Intellectual Property Owners Association (IPO), Ventureprise, New Dominion Bank, and is President of the Intellectual Property Owners Educational Foundation (IPOEF). In 2013, Louis was appointed by the SBA Administrator, Karen Mills, to serve a three year term on the National SBDC Advisory Board. In 2008, Louis was appointed by United States Secretary of Commerce, Carlos M. Gutierrez to serve a three year term on the Patent Public Advisory Committee (PPAC) of the United States Patent and Trademark Office. In 2013 he was asked to serve as Chairman of PPAC until the end of his term in December, 2014.

Stephen Merrill founded the National Academies’ Program on Science, Technology, and Economic Policy (STEP) in 1992 and served as its Executive Director until March 2014. Among other projects, he directed the study that led to the Academies’ 2004 report, A Patent System for the 21st Century, which laid the foundation for reforms incorporated in the America Invents Act of 2011 and changes adopted by the federal courts. Dr. Merrill continues to serve as a consultant to the National Academies’ STEP Program. For his work on patent reform he was named one of the 50 most influential people worldwide in the intellectual property field by Managing Intellectual Property magazine and received the Academies’ 2005 Distinguished Service Award. He has been a member of the World Economic Forum Global Council on the Intellectual Property System. Previously, Dr. Merrill served as the Academies’ Director of Government and Congressional Affairs and Executive Director of Government and External Affairs and was a Fellow in International Business at the Center for Strategic and International Studies (CSIS), where he specialized in technology trade issues. He also served on several congressional staffs including that of the U.S. Senate Commerce, Science, and Transportation Committee.

About Patent Properties, Inc.:

Patent Properties, Inc. (OTCQB:PPRO) will continue to develop and commercialize its unique portfolio of intellectual property assets, which were created by Walker Digital, LLC, the research and development lab led by internationally recognized inventor and entrepreneur Jay Walker, and will also introduce a disruptive licensing solution for the mass market of patent owners and users. Mr. Walker is best known as the founder of priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” All of the patents owned by the company were developed internally by Walker Digital, LLC, with Jay Walker as a named inventor on all issued patents and the lead inventor on the vast majority. Additional information regarding the company can be found at www.patentproperties.com.



Investor Contact for Patent Properties, Inc.:
ICR
Don Duffy, 203-682-8215
or
Media:
ICR
Michael Fox, 203-682-8218

PPRO CEO interview from thestreet.com


http://www.thestreet.com/_yahoo/video/12519047/priceline-founder-offers-solution-to-americas-patent-problem.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1

This Company is "Connected" - The mission of STEP is to advise federal, state and local governments and to inform the public about economic and related public policies to promote the creation, diffusion and application of new scientific and technical knowledge to enhance the productivity and competitiveness of the U.S. economy and foster economic prosperity for all Americans.

“I am honored to be asked by the National Academy to help STEP in advancing American competitiveness and innovation through policies and practices that leverage scientific and technical ingenuity,” said Mr. Walker. “Innovation plays an integral role in America’s economic vitality, and, as an entrepreneur and inventor concerned about our nation’s economic future, I have a stake in seeing that the U.S. remains at the forefront of science and technology. In joining this Board of distinguished Americans, I hope to be able to contribute to STEP’s mission.”

http://ih.advfn.com/p.php?pid=nmona&article=60738436&symbol=PPRO

Globaloptions Group Inc., GLOI changed to Patent Properties Inc., PPRO:

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/26/2013&mkt_ctg=NON-OTCBB

Green since I bought ya, keep it coming Mr. Walker!

Patent Properties Announces Third Quarter 2013 Results
PrintAlert
Globaloptions Group, Inc. (QB) (USOTC:GLOI)
Intraday Stock Chart
Today : Thursday 14 November 2013
Patent Properties, Inc. (OTCBB:GLOI), an intellectual property company that develops and commercializes its unique portfolio of assets and is creating a disruptive licensing solution for the mass market of patent owners and users, today announced third quarter and nine-month results for the period ended September 30, 2013.
Third Quarter 2013 Highlights and Subsequent Events
•In September 2013, completed the merger of GlobalOptions Group, Inc. and Walker Digital Holdings, LLC, a wholly-owned subsidiary of Walker Digital, LLC (the “Merger”). Subsequent to the Merger, Walker Digital Holdings, LLC changed its name to Inventor Holdings, LLC.
•In September 2013, completed an $11.7 million primary private placement from the sale of 3,860,615 shares of common stock at $3.00 per share. Investors also received 50% warrant coverage exercisable for a period of three years at $3.00 per share. The warrants are subject to a call if the stock trades above $6.00 per share for 20 of 30 business days once the underlying shares are registered.
•As of September 30, 2013, Patent Properties has $26.6 million in cash and no outstanding debt on its balance sheet.
•Effective November 12, 2013, the Company officially changed its name from GlobalOptions Group, Inc. to Patent Properties, Inc. Patent Properties will be changing its ticker symbol imminently.
“The third quarter of 2013 saw us achieve a milestone as we completed the merger with GlobalOptions and became a public company,” said Jonathan Ellenthal, Chief Executive Officer of Patent Properties. “The merger allows us to bring to the public market a broad and still-growing portfolio of wholly-owned inventions, as well as our ongoing efforts to protect and enforce our property rights. In addition, we remain on schedule to launch an entirely new patent licensing solution for the mass market in the second half of 2014. We believe our new licensing platform, once built, will address significant inefficiencies in the multi-billion dollar patent licensing market. Further, we are well capitalized and have the flexibility to execute our business plan and monetize our vast portfolio of intellectual property.”
Third Quarter 2013 Results
For the third quarter ended September 30, 2013, Patent Properties reported total revenue of $1.0 million versus $6.2 million in the prior-year period, primarily due to recording revenue from one licensing agreement in the third quarter 2013 compared to ten licensing agreements in the prior-year period.
The timing and results of patent filings and the Company’s enforcement proceedings relating to its intellectual property rights will fluctuate from period to period. Although revenues from one or more of the Company’s patents or patent families may be significant in a specific reporting period, Patent Properties believes that none of its patents or patent families are individually significant to its licensing and enforcement business as a whole.
Legal and consulting contingent fees for the third quarter 2013 were $0.4 million versus $2.9 million in the prior-year period. As a percentage of revenue, legal and consulting contingent fees were 44% for the third quarter 2013 and 47% for the prior-year period. Legal and consulting contingent fees are dependent upon the realization of revenue.
Other legal and consulting expenses for the third quarter 2013 were $0.3 million versus $0.8 million in the prior-year period, mainly attributable to the number of active patent infringement and licensing cases. As of September 30, 2013 and September 30, 2012, the Company had 19 and 27 active patent infringement and licensing cases, respectively. Other legal and consulting expenses fluctuate from period to period based on patent enforcement and prosecution activity associated with ongoing licensing and enforcement programs and the timing of the commencement of new licensing and enforcement programs in each period. The Company expects other legal and consulting expenses to continue to fluctuate period to period in connection with upcoming scheduled trial dates and its current and future patent development, licensing and enforcement activities.
Total operating expenses for the third quarter 2013 were $7.3 million versus $1.5 million in the prior-year period, primarily due to $5.6 million in professional fees related to the Merger and stock-based compensation on awards earned concurrent with the Merger. Of the $5.6 million, $0.8 million was professional fees and $4.8 million was stock-based compensation. Excluding professional fees and stock-based compensation, total operating expenses for the third quarter 2013 would have been $1.7 million.
Net loss for the third quarter of 2013 was $7.1 million compared to net income of $1.0 million in the prior-year period. Loss per share for the third quarter of 2013 was $0.76 compared to diluted earnings per share of $0.05 in the prior-year period. On a pro-forma basis, excluding the professional fees related to the Merger, net loss for the third quarter of 2013 would have been $1.5 million and loss per share would have been $0.16.
Liquidity and Capital Resources
As of September 30, 2013, Patent Properties has $26.6 million in cash and no outstanding debt on its balance sheet.
Conference Call Information
Patent Properties will host a conference call and live webcast to discuss third quarter 2013 results on Friday, November 15, 2013 at 9:00 AM Eastern time.
The conference call can be accessed over the phone by dialing 1-877-407-3982 or for international callers by dialing 1-201-493-6780; please dial-in 10 minutes before the start of the call. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176 or for international callers by dialing 1-858-384-5517; the passcode is 13572872. The replay will be available until Friday, November 22, 2013.
In order to access the live webcast, please go to the Investor Relations section of Patent Properties’ website at http://www.patentproperties.com and click on the available webcast link. A replay will be available shortly after the original webcast.
Forward-Looking Statements
This press release may contain certain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results, performance, prospects and opportunities. When used, the words “anticipate,” “believe,” “estimate,” “expect” and “intend” and words or phrases of similar import, as they relate to Patent Properties, are intended to identify forward-looking statements. Such forward-looking statements include, in particular, projections about the Company’s future results, statements about its plans, strategies, business prospects, changes and trends in its business and the markets in which it operates.
Additionally, statements concerning future matters such as revenue levels, expense levels, and other statements regarding matters that are not historical are forward-looking statements. Management cautions that these forward-looking statements relate to future events or the Company’s future financial performance and are subject to business, economic, and other risks and uncertainties, both known and unknown, that may cause actual results, levels of activity, performance, or achievements of its business or its industry to be materially different from those expressed or implied by any forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, those discussed under the section entitled “Risk Factors” in the Company’s Current Report on Form 8-K dated September 18, 2013 (as amended by Form 8-K/A filed on September 30, 2013) and in any Risk Factors or cautionary statements contained in its quarterly reports on Form 10-Q. Readers should carefully review this information as well as other risks and uncertainties described in other filings the Company makes with the Securities and Exchange Commission, or the SEC. The Company does not undertake any obligation to publicly update these forward-looking statements. As a result, investors should not place undue reliance on these forward-looking statements.
About Patent Properties, Inc.
Patent Properties, Inc. (OTC BB: GLOI) intends to develop, enforce and commercialize its unique portfolio of intellectual property assets, which were created by Walker Digital, LLC, the research and development lab led by internationally recognized inventor and entrepreneur Jay Walker, and also to introduce a disruptive licensing solution for the mass market of patent owners and users. Mr. Walker is best known as the founder of priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” All of the patents owned by the company were developed internally by Walker Digital, LLC, with Jay Walker as a named inventor on all issued patents and the lead inventor on the vast majority. Additional information regarding the company can be found at www.patentproperties.com.

PATENT PROPERTIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Thousands)
(Unaudited)


Three Months Ended September 30, Nine Months Ended September 30,
2013 2012 2013 2012
Revenues:
Licensing fees $ 956 $ 6,187 $ 2,080 $ 15,657
Patent sales - - - 1,600
Total revenues 956 6,187 2,080 17,257

Cost of revenues:
Legal and consulting contingency fees 416 2,899 803 6,762
Other legal and consulting fees 326 753 1,269 1,973
Electronic data set-up fees - - - 1,600
Total cost of revenue 742 3,652 2,072 10,335

Net revenue 214 2,535 8 6,922

Operating expenses:
Compensation and benefits 1,456 1,296 2,052 2,659
Professional fees 5,582 - 5,874 -
Patent expenses 213 162 620 620
General and administrative 69 44 139 130
Total operating expenses 7,320 1,502 8,685 3,409

Net income (loss) $ (7,106 ) $ 1,033 $ (8,677 ) $ 3,513

Net income (loss) per common share:
Basic $ (0.76 ) $ 0.13 $ (1.06 ) $ 0.46
Diluted $ (0.76 ) $ 0.05 $ (1.06 ) $ 0.15

Weighted average common shares outstanding:
Basic 9,310,882 7,667,667 8,221,424 7,667,667
Diluted 9,310,882 22,666,667 8,221,424 22,666,667

PRO FORMA COMPUTATION RELATED TO CONVERSION TO
C CORPORATION FOR INCOME TAX PURPOSES
(unaudited):

Historical income (loss) (7,106 ) 1,033 (8,677 ) 3,513
Pro forma benefit (provision) for income taxes 2,842 (413 ) 3,471 (1,405 )
Pro forma income (loss) (4,264 ) 620 (5,206 ) 2,108

Pro forma weighted average basic shares outstanding 9,310,882 7,667,667 8,221,424 7,667,667
Pro forma weighted average diluted shares outstanding 9,310,882 22,666,667 8,221,424 22,666,667

Pro forma basic earnings (loss) per share $ (0.46 ) $ 0.08 $ (0.63 ) $ 0.27
Pro forma diluted earnings (loss) per share $ (0.46 ) $ 0.03 $ (0.63 ) $ 0.09


PATENT PROPERTIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands)


September 30, December 31,
2013 2012
(unaudited)
ASSETS
Current Assets:
Cash $ 26,580 $ -
Accounts receivable, net 19 3,663
Prepaid and other current assets 460 164
Total current assets 27,059 3,827
Other Assets:
Investments, at cost 250 250

TOTAL ASSETS $ 27,309 $ 4,077

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 176 $ 465
Accrued expenses 1,284 1,684
TOTAL LIABILITIES 1,460 2,149

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS’ EQUITY
Preferred stock, $0.001 par value, 15,000,000 shares authorized
Series B Convertible Preferred stock, $0.001 par value, 14,999,000 shares designated, issued and outstanding 15 15
Common stock, $0.001 par value, 100,000,000 shares authorized; 21,134,744 and 7,667,667 shares issued as of September 30, 2013 and December 31, 2012, respectively 21 8
Treasury stock, at cost (840 ) -
Additional paid-in capital 33,402 (23 )
Accumulated deficit (6,749 ) 1,928
TOTAL STOCKHOLDERS’ EQUITY 25,849 1,928

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 27,309 $ 4,077


Investor Contact for Patent Properties, Inc.:
Don Duffy, ICR
203-682-8215
or
Media Contact:
Michael Fox, ICR
203-682-8218

Anyone listening to the cc at 4 est?

Very interesting w/ Priceline Founder at the helm

Had to search the web for this one. Extensive article found which I printed and will keep for reference. Jay Walker if I have the name correctly who founded priceline and sold it in 99 owns the company Patent Properties Inc that is going to assume control with name change by 11/22/2013. Very interesting article. Will fax article to anyone who wants it if you pm me your fax number. Bought tickets and looking to see where this will end up.

GLOI: Form 15; Terminated Registration under the 34 Act; Added to NBB

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/30/2013&mkt_ctg=OTCBB

..Walker Digital Holdings, LLC and GlobalOptions Group, Inc. Announce Completion of Merger
Company Completes $11.6 Million Primary Financing and Will Seek to Change its Name to Patent Properties, Inc.

Press Release: GlobalOptions Group, Inc. dba Patent Properties, Inc. – 7 minutes ago....Email 0Recommend0Tweet0Share0Print.....RELATED QUOTES..Symbol Price Change
GLOI 3.35 +0.15

......
STAMFORD, Conn.--(BUSINESS WIRE)--

GlobalOptions Group, Inc. (“GlobalOptions”) (GLOI) and Walker Digital Holdings, LLC, a wholly-owned subsidiary of Walker Digital, LLC (“Walker Digital”), announced today that they have completed the previously announced merger of the two companies. The newly formed entity consists of the patent portfolio created by Walker Digital, the research and development lab led by renowned inventor, entrepreneur and Priceline (PCLN) founder Jay Walker. The company will do business as Patent Properties, Inc. while it seeks a corporate name change to Patent Properties, Inc. as expeditiously as possible.

“For the past 20 years, we have consistently created intellectual property to address some of the most complex customer behavioral issues in various industries, thus unlocking unrealized value for consumers and businesses alike,” said Mr. Walker, Executive Chairman of Patent Properties’ Board of Directors. “Today’s merger allows us to bring to the public market a broad and still-growing portfolio of wholly-owned inventions, as well as our ongoing efforts to protect and enforce our property rights. In addition, we are now able to accelerate the commercialization of an entirely new, big data business system for patent licensing currently under development. We believe our new licensing platform will address significant inefficiencies in the multi-billion dollar patent licensing market.”

The company’s patent portfolio includes 379 granted patents, 93 pending patent applications, intellectual property in development, a de-novo patent licensing business and 19 litigation matters. The company expects to grow its intellectual property portfolio over time.

Since 2011, Walker Digital has generated $65 million in revenues from licensing and litigating its patent portfolio as well as from patent sales. Patent Properties will pursue the previously filed litigations and expects to file additional patent infringement cases before the end of 2013.

“We are excited at the completion of the merger and believe the transaction will enhance our ability to achieve returns on our patent portfolio and to develop our most recent commercial initiative, a new patent licensing solution for the broader market,” said Jon Ellenthal, Chief Executive Officer of Patent Properties. “This transaction provides us the financial flexibility to continue to execute our business plan and monetize our vast portfolio of intellectual property.”

The company also announced the completion of an $11.6 million primary private placement from the sale of 3,860,616 shares of common stock at $3.00 per share. Investors also received 50% warrant coverage exercisable for a period of three years at $3.00 per share. The warrants are subject to a call if the stock trades above $6.00 per share for 20 of 30 business days once the underlying shares are registered. The company intends to use its approximate $25 million in cash, which comprises the net proceeds from the private placement plus the cash currently on GlobalOptions’ balance sheet, to fund operations.

Under the merger transaction, all of the outstanding membership interests of Walker Digital Holdings, LLC were exchanged for shares of GlobalOptions common stock and shares of a new Series B Preferred Stock of GlobalOptions. On a non-diluted basis, Walker Digital owns approximately 64% of the economic interest and 80% of the voting interest of the newly formed entity, respectively. Walker Digital may also receive an additional 2,166,667 shares subject to certain performance conditions. At the completion of the transaction and the primary private placement, the company has 41,976,130 outstanding shares on a fully diluted basis.

Broadband Capital Management served as GlobalOptions’ financial advisor and lead placement agent; PowerOne Capital Markets Limited from Toronto, Canada and Lake Street Capital Markets, LLC served as co-placement agents in conjunction with the financing. Walker Digital’s legal counsel is Robinson & Cole LLP and GlobalOptions’ legal counsel is Olshan Frome Wolosky LLP.

Details regarding these and other terms of the transaction are set out in the merger agreement, which is available on the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Patent Properties, Inc.:

Patent Properties, Inc. (GLOI) intends to develop, enforce and commercialize the patent and other intellectual property assets created by Walker Digital, LLC, the research and development lab led by internationally recognized inventor and entrepreneur Jay Walker. Mr. Walker is best known as the founder of priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” All of the patents owned by the company were developed internally by Walker Digital, LLC, with Jay Walker as a named inventor on all issued patents and the lead inventor on the vast majority. Additional information regarding the company can be found at www.patentproperties.com.


..Contact:.
.Investor Contact for Patent Properties, Inc.:
Don Duffy, ICR
203.682.8215
or
Media Contact:
Michael Fox, ICR
203.682.8218

Hhmmmm...... This one looks interesting.....

Leap like leap... When the merger happens???

It's nothing but beasts feast. Rare opportunity.

Looks tasty~

What would happen if the merger happens....;) well, just play price action.

Noticed the gain today. Missed it Monday runners are hard for me

VERY interesting, last 2.15 spread 2.3x2.4

Anyone following this low float stock.Could be interesting rev have been growing!

Ive seen some hits at the bid. It moves right back up though. Seen it a couple times just watching it a couple times a month or so ago.

Gap is due to low OS, still only 9.6MM, which is my main reason for optimism. Float is even narrower. Id think one would have to buy at the ask.

Yep still watching myself. Though about that 1.80 area or less. Seems to have a pretty good gap in bid/ask at times when I check. Still going to watch for a little longer. Going to see if adm can update the symbol here on IHUB.

I think its a buy now. Yes im still looking in here. Lots of positives in the last few months but I still wonder why such a big loss for the last year. SP looks to have stabilized at under $2 so now might be the time to get in. Long term hold though and still high risk. New symbol - GLOI.

Note I have NOT bought in myself , yet:)

Wonder if this is a buy now? Almost bought some at 4.05 yesterday. Seems revs are increasing exponentially. But Im not that well versed in looking deep into every financial aspect. Maybe a buy at 3.50 would be really good. Just dont like the fact that I emailed the company once about that divy they paid out and no one ever got back to me. Maybe that person wasnt the PR person anymore?

On the daily list now so its effective. Should trade a little better now.

OTCBB SYSTEM CHANGES - 09/25/2007


OTCBB Daily List
Other-OTC / Portal / PPS Daily List
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
12:47 GOPG GlobalOptions Group, Inc. Common Stock 9/26/2007 Listed on NCM (GLOI)**


http://www.otcbb.com/asp/dailylist_detail.asp?d=09/25/2007&mkt_ctg=OTCBB

September 24, 2007 - 3:03 PM EST

GlobalOptions Group Approved for Trading on NASDAQ
GlobalOptions Group, Inc. (OTCBB: GOPG), a leading provider of domestic and international risk mitigation and management services, today announced that it has been approved to list its common stock on The Nasdaq Capital Market. It is anticipated that the Company's common stock will begin trading on Nasdaq under the symbol "GLOI" on September 26, 2007.

"This is a very important milestone for GlobalOptions Group, and one in keeping with the progress we’ve made building the Company into a leading provider of risk mitigation and management services,” said Dr. Harvey Schiller, GlobalOptions’ Chairman and CEO. “We expect the Nasdaq listing to provide increased visibility for our company and improved liquidity for our shareholders.“

Hmm, someone got excited here today, I hate trying to predict low floaters. Im guessing the guy who bought at 4.23 was happy to sell at 7!

Asks starting to creep up, seems to have stabilized for now.

Yeah been here a while but I'm about to relinquish my mod jobs for about 10 stocks. I cant keep up anymore and getting too busy. Better to get someone else who can do updates with PR's and such.

Ya I noticed later that youre the mod, so I guess I should say welcome back! I didnt really look at that just that no one had been here for a while.

I thought it was gonna hold yesterday morning but the afternoon brought it down yet again. Today looks a bit stronger. Its so hard to tell with thin traders.

I was actually doing some DD on a shell co that one of the insiders of Global was the previous CEO for. Someone rumored that he still had something to do with the shell but it wasnt true. Then I liked the way this co looked and just set up a board for it.

Welcome CuttingRog, and thanks for the info and efforts. No this definitely is not a buy at the moment, just watching. The reported financials were a little depressing but were also filled with 'reasoning' and we'll have to wait and see if that pans out to be true. The company does have a lot going for it and is in a particular line of business that could be 'just at the right time'. Id like to say we wont even consider buying until the down trend stablizes and a bottom forms but with the current 3MM in the OS this is likely to move up just as fast as it moved down. 4.5MM offering coming down the line should help the liquidity and possibly stabilize this from wild price swings; sometimes there can be too few shares in a company.

In the end this may turn out to be a nothing stock, I just thought it was worth watching.

Best of luck.

OTT

Incidentally, where did you hear about this one?

Yeah this isnt looking that good as of now. They have potential here but just a downtrend and hasnt stopped for some time. Maybe 3-4 bucks might be more like it? They do plan on a higher exchange though. I noticed that there was a dividend not too long ago so I emailed about it and never got a response. Some other guys spoke with me several months ago and were friendly. Well I Will have to do some more current research on this one. Ive been tied up lately and just been skimming the PR's in my inbox as they come.

I am interested in knowing what price will be set for the new issue. That will go far to determine where this settles.

Trend is currently downward. Looking for a price break through the 100 day MA and the confirmation would be for the MA to reverse. Watch for increasing volume just before that happens. Of course its going to be tough with such a low floater, the SP may be gone before the trend is confirmed.

http://investdb.theglobeandmail.com/invest/investSQL/gx.show_chart?pl_comp_id=234893&pl_errmsg=&...

I thought you knew what we were doing?

ROTFLMAO.....

Okay -- here! Awaiting instructions. lol

News!


GlobalOptions Group Provides Expertise to State and Local Governments as They Prepare for Hurricane Season 2007

Last Update: 8:01 AM ET May 14, 2007

NEW YORK, May 14, 2007 (BUSINESS WIRE) -- GlobalOptions Group, Inc. (GOPG :

GOPG9.70, -0.40, -4.0% ) , a leading provider of domestic and international risk management services, offers guidance and expertise through James Lee Witt Associates (JLWA), a unit of the company specializing in developing and managing plans for emergency preparedness and assisting in post-disaster response and recovery. As hurricane season approaches, JLWA is assisting state and national governments to help them be better prepared for any type of natural disaster.
"It is critical that governments have a plan and the right partnerships in place before a disaster strikes," said James Lee Witt, CEO of JLWA. "We are still in the trenches, recovering from Hurricanes Katrina and Rita. And without a broad based public private partnership in place, citizens, governments and businesses can suffer a second disaster - an inefficient and elongated recovery from the devastation that disaster brings."
JLWA experts, many of whom have direct experience working at senior levels at FEMA, other Federal agencies, and at state and local government levels, are able to offer strategic guidance, knowledge and solutions in all areas of preparedness and planning, response operations support, recovery management, and hazard mitigation. JLWA has relationships and stand-by contracts in place with many state and local governments and are prepared to respond immediately upon activation.
"We have all seen the financial and emotional impact a disaster can have when people aren't prepared," said Dr. Harvey Schiller, CEO of GlobalOptions Group. "We've successfully supported large scale recovery and rebuilding efforts after the nation's largest disasters and are committed to providing the most up-to-date emergency preparedness programs, services and solutions available today. Implementing these programs will give peace of mind, reduce loss and, ultimately, save lives," he concluded.
About James Lee Witt Associates
Founded in 2001, James Lee Witt Associates (JLWA), a part of the GlobalOptions Group, is a public safety and crisis management consulting firm based in Washington, D.C. with offices in Atlanta, Chicago, Little Rock, and Sacramento. Led by James Lee Witt, the FEMA Director under President Clinton, JLWA has unrivaled experience and hands-on knowledge of public safety, disaster response, continuity of operations, and emergency management issues. JLWA's management team and staff include some of the nation's most notable and experienced disaster management experts, including General Wesley Clark, one of the nation's most distinguished retired military officers, who formerly served as NATO Supreme Allied Commander; and Rodney Slater, who formerly served as U.S. Secretary of Transportation.
JLWA's clients include the nation's premier universities, hospitals, governments and a variety of Fortune 500 companies, including those in the insurance, transportation, entertainment, finance, utilities, and emergency management industries. JLWA was retained by the State of Louisiana to help Governor Blanco on disaster recovery matters in the aftermath of Hurricane Katrina and by the City of Philadelphia to conduct a top-to-bottom emergency preparedness assessment. JLWA has advised government leaders, including governors, members of Congress, administration officials, and state and local elected officials, on emergency management policies and programs. www.wittassociates.com
About GlobalOptions Group, Inc.
GlobalOptions Group, with headquarters in New York City and offices in 16 cities, is a provider of high-end risk assessment and mitigation services to Fortune 1000 corporations, governmental organizations and high-profile individuals throughout the world. GlobalOptions Group's services currently include risk management and security, investigations and litigation support, and crisis management. These engagements take GlobalOptions Group staff around the world and are typically highly-sensitive engagements where GlobalOptions Group is interacting with senior leaders in corporations and governments. Its overall mission is to identify, evaluate, assess, prevent and correct issues that may threaten people, organizations or strategic initiatives for corporations or governments. Additional information can be found at www.globaloptionsgroup.com.
Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. To the extent the content of this press release includes forward-looking statements, they involve various risks and uncertainties including the successful integration of the acquired businesses, projected financial information, and the continued successful implementation of the company's business strategy.
Certain of these risks and uncertainties will be described in greater detail in GlobalOptions Group's filings with the Securities and Exchange Commission. GlobalOptions Group is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE: GlobalOptions Group, Inc.
Rubenstein PR Mitchell Simmons, 212-843-8364 msimmons@rubensteinpr.com or Lippert/Heilshorn & Associates Chris Witty, 212-838-3777 cwitty@lhai.com Copyright Business Wire 2007 End of Story