WEST HOLLYWOOD, CA / ACCESSWIRE / March 9, 2015 / Wowio, Inc. (WWIO), a digital media company with a patented process for inserting ads into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, announced today that the company is making progress on the expansion and monetization of its intellectual property patent. The company is working closely with a team of patent attorneys in all matters relating to its intellectual property and has been consulting with additional patent legal experts regarding specific monetization actions on WWIO's behalf.

Today's announcement comes on the heels of a recent announcement about the company's new relationship with Tekcapital PLC (AIM:TEK) to identify potential technology opportunities to enhance and expand WOWIO's digital technology IP portfolio. "WOWIO has been following its strategic plan to monetize its IP and has adjusted the plan to accommodate changes that have occurred in the IP environment as needed," stated Brian Altounian, WOWIO's CEO. "We've solidified our patent and we are exploring options to acquire additional IP in the eBook space. This intensified effort in pursuing the patent monetization plan is in response to changes in the evolving landscape of patent law, and we have verified that there are infringers on one or more claims of our issued patent."

Patents have gone from recognition of technical achievement to a significant monetary and strategic asset, with multi-billion dollar patent sales, a huge increase in patent litigation, weekly attention from the national business press, and the ultimate recognition, Wall Street excitement about investment in patents through publicly traded assertion entities and litigation investment funds.

"Patent law is a very complex and continually changing process, and can be very expensive and risky," said Robert Estareja, WOWIO's President. "It takes extensive planning and calculation to strike the delicate balance where we protect our company and IP, while attempting to monetize our IP as best as possible. Our goal is to pursue the best monetization strategy for the Company and its shareholders. Going forward, our primary focus will be on licensing and protection from infringement. However, WOWIO remains open to all other options, including sale, licensing and partnering agreements."

About WOWIO, Inc.

WOWIO, Inc., (WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: advertising-supported eBooks. Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.

Corporate contact:

Brian Altounian
(310) 272-7988
baltounian@wowio.com

Shareholder Inquiries:

Juan Ferreira
(407) 399-8190
jferreira@ncsecurities.com

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: WOWIO, Inc.