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Saturday, July 2, 2022

Endeavor IP Inc (OTCBB:ENIP) Back Where it Started

Endeavor IP Inc (OTCBB:ENIP) is back in sub penny land at its $0.003 base after a recent pop to well over a penny on big volume. The move up came on positive investor sentiment following the Companies new developments including a new management team, fast growing revenues and growing shareholder base.

ENIP is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in New York, NY.

Back in May 2013 ENIP acquired a portfolio of patent assets from Mesh and Solid Solar relating to wireless communication networks and remote access energy monitoring systems. These patents turned out to be very valuable and they have represented the backbone of ENIP business since as the Company has been successfully filing lawsuits.

ENIP WINS FIRST SETTLEMENT AGAINST “CON EDISON(NYSE: ED): On May 6, 2014 ENIP entered into a license, settlement and release agreement under its lawsuit asserting certain claims of patent infringement related to U.S. Patent No. 7,336,201 entitled “Remote Access Energy Meter System and Method.” The Patent was acquired during 2013 from Spiral Energy Tech, Inc., in May 2013. Under the terms of the agreement the Company is required to pay 20% of the amount net recoveries received to Spiral. During 2013, the Company commenced lawsuits against Consolidated Edison Solutions, Inc. and Consolidated Edison Development, Inc. in the United States District Court in the Southern District of New York (No. 13 CV 6528) as well as Tucson Electric Power Company in the United States District Court of Arizona (No. 4:13-CV-2396).

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ENIP WINS SECOND SETTLEMENT AGAINST NASDAQ CO. “ITRON” (NASDAQ: ITRI) On August 4, 2014, the Company issued a press release announcing that its wholly-owned subsidiary Endeavor MeshTech, Inc. has entered into a license and settlement agreement with Itron, Inc.

ENIP WINS THIRD SETTLEMENT AGAINST “SENSUS USA” The Company has one of the largest installed Advanced Metering Infrastructure (AMI) bases in the world.”

In recent news ENIP said that David Waldman has been appointed to Endeavor’s Board of Directors. Mr. Waldman founded Crescendo Communications LLC, an investor relations and strategic consulting firm in New York, and he has served as the President and Chief Executive Officer of the company since 2006.

Prior to founding Crescendo Communications, Mr. Waldman served as vice president at a leading New York City-based investor relations firm, as well as two other premier investor relations firms, where he was responsible for managing a wide range of accounts. Mr. Waldman has a B.S. in Communications and Political Science from Northwestern University.

“I am pleased to be joining Endeavor’s Board of Directors and look forward to working closely with other board members to help maximize value for shareholders. The company has assembled a solid IP portfolio and through the hard work of the management, they have an impressive track record extracting settlements from companies infringing on our patents,” stated Mr. Waldman.

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The result of all these settlements in ENIP’s favor is that the Company’s revenues have exploded from $100,000 in 2013 to $1,395,001 in 2014 with an even bigger acceleration of revenues anticipated in the upcoming earnings announcement. According to the DTC there is currently 62,249,914 shares in the float which is significantly less than the volume in recent sessions. It looks as if there could be a trapped short position here as well. In any case ENIP has emerged in recent days as one of the fastest moving and top trading stocks on the bb’s. ENIP is a stock to watch.

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Disclosure: we hold no position in ENIP either long or short and we have not been compensated for this article.

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