SteelShad plans to divest intellectual property and other related assets to its Mobile App Project called “Your Fishing Spot.” SteelShad is accepting all offers for its IP Portfolio on or before May 1st, 2019. All questions, due diligence requests and offers may be submitted by email to Mr. Stephen Price, CFO of SteelShad, at [email protected]
In late 2016, SteelShad began development on a research and development project to create a mobile app that allows users to mark a location or GPS Waypoint utilizing a remote device and a mobile phone or mobile computing device. During 2017, SteelShad began development of its mobile app and began to draft Provisional Patent Applications that were filed in late November and December of 2017. During 2018, SteelShad further developed a beta version of its mobile app and completed its Non-Provisional Patent Application that was filed on November 28th, 2018. A trademark was also applied for the brand name, “Your Fishing Spot” and has been granted a “Notice of Allowance.”
During this same period, SteelShad has experienced explosive growth of its fishing lure and gear business. SteelShad has dramatically increased both the number of retailers carrying SteelShad Products and the breadth of its SteelShad Product Line. Due to this rapid growth, SteelShad has decided to focus on its fishing lure and gear business and to divest its intellectual property and related assets for its mobile app, “Your Fishing Spot.” SteelShad believes that these assets have significant value in the field of mobile apps for fishing and boating activities.
The SteelShad intellectual property includes a Non-Provisional Patent Application with broad claims related to a user marking a GPS waypoint utilizing a remote device and a mobile phone or mobile computing device. Importantly, the priority date for the Non-Provisional Patent Application points back to two Provisional Patent Applications filed on November 29h, 2017 and December 15th, 2017. Also, included in the IP Portfolio is a trademark application with a “Notice of Allowance” for the brand name “Your Fishing Spot,” two related domain names including “yourfishingspot.com” and “yourfishingspot.net,” and ownership rights to the beta version of the mobile application.
SteelShad is accepting all offers for these assets on or before May 1st, 2019 and expects to close a transaction with a buyer shortly thereafter. SteelShad appreciates all interest and inquiries of interested parties. All questions, due diligence requests and offers may be submitted by email to Mr. Stephen Price, CFO of SteelShad, at [email protected] .