Executive Summary of Patent 7747469

Lee M. Hinman the owner of a utility patent and patent based software, needs to sell the I P because no Angel Venture Capital exists in Northwest Florida to launch the market place.

I am open to selling the software and patent (with owner financing if needed) In year 5 or less it could sell for more than the $30M to $486M listed below in D. with a ROI of 5 to 126.

 A.      This patented method is a paradigm shift, for many other industries, to do what Expedia® has done for the travel industry.  Amazon does not compete against Expedia® and the other travel market places.  The reason is that the travel market places need answers to option questions like "where" and "when" before prices can be displayed.  The travel market places are a large enough market that a specific one of a kind program can be programmed for travel.  If a company wants to sell Product/Services with option questions, no market places with side by side price comparisons exist.  Only custom e-commerce sites allow for option questions with built in computations on the various option answers.  Some e-commerce sites allow for assigning a final price to one option question.

 This patented software allows those option questions to be defined to the software engine so many industries can be served with Products/Services option questions in side by side price comparisons and e-commerce without custom code writing.

 B.      The patent automates the quoting/price process when option questions have to be answered.

a.      High usage prospects have been interviewed with $5 million in sales that had six (6) people doing manual quotes.  The staff could be reduced to a half time person, by spending $9,000/yr to save $90,000/yr.

b.      Smaller usage companies could spend $3000/yr, or 2-10% of sales with a significant reduction in overhead and a significant increase in sales.

 C.      This patent is applicable to the emerging Building Information Model-(BIM) 5D (cost) construction market boom.  It can do real time multiple side by side price comparison quotes integrated with other automated generating Bill of Material products, with the ability to place the order, if ready.

D.     A trend is growing with price comparison web sites.  In the years 2007 to 2011 Wikipedia  listed (I have the details upon request) 16 other price comparison sites that have sold or licensed, from $30M to $486M, or cross licensed. All of these price comparison market place sites still ignore the void that this patented software accomplishes.  Wikipedia indicates that as of 2013, the market for more data-driven price comparison sites was growing, as several venture capital firms made large investments in price comparison sites with big-data oriented platforms. (http://en.wikipedia.org/wiki/Comparison_shopping_website)

 E.      Software has been developed around the patent that consists of 137,432 lines of code (LOC).  Industry stats indicate that is 17 people, 24.8 months or 67,456 hours extended to a value of $3,035,520 without considering the patents value that patent brokers have indicated are ranging from $200,000 to $500,000.

F.       The Patented and Copyright software is ahead of other market places that DON’T do real time side by side price comparisons of Product or Services or combinations of both that have Option Questions that need answers before a price can be quoted.  The subscribers to our marketplace place WWW.MYeMarketPlaces.com are able to display to the prospect a quoted price WITHOUT human intervention but with significant overhead labor savings.

 G.     The stand alone e-commerce sites are integrated to the marketplace for the subscribers that allows the administrator to do complex price computation without programming knowledge (with the built in calculator).  Most other e-commerce packages only allow final price from a single option question and cannot interface to a real time marketplace.

H.     The Patent is the answer for the next phase of interactive and automated websites, by providing side by side price comparison with the automated machine to machine process using web services. That is what is missing in the other Market Places listed above.  Amazon is the BIG Market Place today limited to stock items but many external sellers hate when Amazons monitors the hot sellers and then Amazon starts selling in direct competition against them.

I.        This patent 7747469 eMarket Place/e-Commerce engine allows price comparisons with price quotations along with the ability to book the order.  The patented program has interface ability with unlimited XML Schema Definitions (XSD) for Buying or Selling of Products or Services that have option selections that need answers before a quote/price can be given.  The XSD/XLST provides the questions, rules and math interface to compute prices.  The engine uses web services to send the Request For Quote-RFQ’s to subscribing e-commerce sites (typically Software as a Service-SaaS) that are processed in real time without human intervention.  It then sends the price quote back on a single page side by side comparison via web services to the prospect in seconds.  The other marketplaces with limited option questions use e-mail to return the price quote.

J.        Many e-commerce examples can be viewed on the Demo-eCom TAB after you register.

K.      Marketplace examples  can be viewed on the Demo-eCom TAB after you register. The Specifications tab has a flow chart.

 L.       US Utility Patent 7747469 can be viewed at http://www.google.com/patents/US7747469.

The owner has decided to retire at the age of 72. The company was started by its founder who will be available for an agreed upon time to aid in start-up and transition activities. This is an excellent virtual business opportunity and the owner is willing to discuss technology issues and terms.

 More details are available upon request.  

Call 850-588-1724 today with your offer!!