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Othentik to highlight World Intellectual Property Day
April 22, 2004 - Othentik Technologies Inc.
COPYING IS STEALING !
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" Although consumers have been made aware, through a number of campaigns, of the copyright issues involving music and software, it is essential that companies and major institutions also be alerted to the problem. After all, whether one is a consumer, a business enterprise, or a major institution, it remains true that COPYING IS STEALING ! "
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MONTREAL, QUEBEC, CANADA - April 22, 2004 - The Quebec corporation Othentik Technologies will be highlighting World Intellectual Property Day on April 26 next, by illuminating downtown Montreal…
Othentik is proud to be associated this year with the WIPO (the World Intellectual Property Organization) in celebrating World Intellectual Property Day, around the theme:
"Encouraging Creativity."
"We will be highlighting this major event, because intellectual property is still a mainly disregarded subject even though it plays a powerful role as a motor of economic growth. According to the WIPO, the counterfeit products market creates an economic shortfall that affects trade on a global scale: somewhere between 325 and 485 billion Canadian dollars a year, and the worldwide loss of 200,000 jobs" emphasized Patrick Rioux, co-founder and President of Othentik.
Intellectual property today is one of the most valuable of trading assets and companies depend on it for their enhancement, their viability and their future results.
Othentik Technologies has created and developed a unique solution, HyperPaymentTM, the first Internet direct payment system. Patent applications have been filed in a score of countries since May 2000.
As Mr. Rioux pointed out, "Although legal procedures take up time, effort, and money, it is essential that corporations be able to access the necessary resources that will allow them to ensure respect of their property rights. This is why Othentik has launched the idea of creating a fund to assist firms that need to defend their intellectual property."
"Inter logiQ Network is happy to be associated with Othentik Technologies in highlighting World Intellectual Property Day. We also support the initiative taken by Othentik in putting forward the idea of creating such a fund," declared Nicole Martel, President and CEO of Inter logiQ Network.
Although consumers have been made aware, through a number of campaigns, of the copyright issues involving music and software, it is essential that companies and major institutions also be alerted to the problem. After all, whether one is a consumer, a business enterprise, or a major institution, it remains true that COPYING IS STEALING !
About Othentik Technologies Inc.
In business for over four years, OTHENTIK TECHNOLOGIES INC. is a Montreal-based Quebec company specialized in e-commerce. It provides financial institutions, merchants and consumers with a unique and innovative Internet direct payment solution. This ingenious process allows customers (the payers) to initiate payment through the merchant's website, and to select their financial institutions and pay for their purchases of goods and services through their online banking services.
About the WIPO
The World Intellectual Property Organization (WIPO) is dedicated to promoting the use and protection of works of the human spirit. These works - intellectual property - are expanding the bounds of science and technology and enriching the world of the arts. Through its work, WIPO plays an important role in enhancing the quality and enjoyment of life, as well as creating real wealth for nations.
With headquarters in Geneva, Switzerland, WIPO is one of the 16 specialized agencies of the United Nations system of organizations. It administers 23 international treaties dealing with different aspects of intellectual property protection. The Organization counts 180 member states. www.ompi.org
About Inter logiQ Network
Inter logiQ Network is one the most important organizations of IT and communication companies in Canada. For nearly 14 years, the network has been supporting its members in the sales and marketing strategies of their business solutions. Its mission is twofold: with an associative arm, that offers a wide range of promotional, professional development, and networking activities, and a strategic arm, that provides the business intelligence, crucial for marketing success. www.interlogiq.ca
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