Single Touch Systems Cites Patent Ownership in "Letter of Notification" to Netflix

Single Touch Systems Inc. (OTC: SITO) today announced that on August 31, it issued a “Letter of Notification” to Netflix, Inc. (NASDAQ: NFLX) regarding Single Touch's issued patents directed to streaming and routing media, including U.S. Patent Nos. 7,054,949, 7,191,244, and 7,689,706.

With more than 25 million members in the United States and Canada, Netflix, Inc. is the world's leading Internet subscription service for movies and TV shows.

Streaming video and music distributed across the Internet or directly to a mobile device is fast becoming a mainstream entertainment delivery vehicle that will generate more than $27 billion in network-derived and content-derived revenue into the US markets by 2012, according to a new market research study from The Insight Research Corporation.

Single Touch Systems has filed and has been awarded more than 14 patents related to mobile search, commerce, advertising and streaming media. “After years of establishing ourselves as a pioneer in mobility, and cementing our IP position, it has become increasingly important for us to take the steps necessary to protect what we have already established with the assistance of such well regarded law firms as Polsinelli Shugart and McKool Smith,” says Anthony Macaluso, Single Touch's Chairman and Chief Innovation Officer.