Bodog Loses Trademark Dispute on Appeal: Lower Court’s Ruling Affirmed

1^st Technology , LLC today received an affirmance of last year's rejection of all attempts to set aside the judgment against Bodog.com, Bodog.net, and Bodog Entertainment Group S.A.

Judgment was entered against the Bodog entities on June 13, 2007, in the amount of $46,597,849. Despite a vigorous appeal by Bodog's counsel, Bodog's attempts to overturn the ruling from the District Court of Nevada's Judge Hunt were fruitless, and the Court of Appeals for the Federal Circuit today affirmed the lower court's ruling. With interest, the amount due 1^st Technology from Bodog now exceeds $50 million.

1^st Technology's CEO Dr. Scott Lewis emphasized the importance of the ruling, stating, "We cannot be more pleased. Bodog has consistently tried to circumvent the United States justice system, and disregarded the legitimacy of our claims against it. We now have the certainty we need to accelerate our seizure of any and all global assets to satisfy the judgment, and bring fairness and respect back to Bodog's commercial dealings. I am also pleased that those companies operating in the U.S. or serving U.S. customers via the Internet are not above the law."

The Chicago-based law firm of Flachsbart & Greenspoon, LLC won the appeal for 1^st Technology in Appeal No. 2008-1132.

Today's affirmance follows a victory in the District of Western Washington last Friday. The Court granted significant parts of a preliminary injunction to halt any transactions or transfers of Bodog's trademarks. The co-pending lawsuit in Washington seeks (among other claims) to undo conveyances among defendants Bodog Entertainment Group S.A., Bodog IP Holdings Ltd., and GK World Link Telecom S.A. Both Flachsbart & Greenspoon and Venkat Balasubramani represent 1^st Technology in Case No. 08-CV-872 in the Western District of Washington.

1st Technology LLC is a leading technology company with a patent portfolio of advanced Internet and multimedia innovations. In addition, 1^st Technology is active in software development and the commercialization of new technology. 1st Technology is headed by Internet pioneer Dr. Scott Lewis who led the development of the world's first single integrated circuit chip with on-board video and audio compression, advanced adaptive digital signal processing technology at Oxford University, and introduced multiple broadband Internet and multimedia technologies. Among 1^st Technology's licensees are many industry leaders active in high performance multimedia applications.

Dr. Lewis received his B.S. and M.S. at the Massachusetts Institute of Technology, his doctorate from Oxford University as a Marshall Scholar, and an M.B.A. from Harvard Business School.