System and method for redeeming and accumulating stock purchase credits in a company by the participating consumers
Patent 5233514 Issued on August 3, 1993. Estimated Expiration Date: 
August 3, 2010. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
August 3, 2010. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesPaperless system for distributing, redeeming and clearing merchandise coupons Patent #: 4882675 InventorsApplicationNo. 462628 filed on 01/09/1990US Classes:705/14, Distribution or redemption of coupon, or incentive or promotion program705/35Finance (e.g., banking, investment or credit)ExaminersPrimary: Envall, Roy N. Jr.Assistant: Chung, Xuong Attorney, Agent or FirmInternational ClassesG06F 015/20G06F 015/00 AbstractA system and method for acquiring an equity position in a company through the purchase of qualifying products or services offered by the company, by accumulating credits toward the purchase of stock in the company based on the quantity of goods or services purchased. The invention is adapted for implementation, in part, on a digital computer. Consumers who purchase qualifying goods or services redeem UPC labels showing proof of purchase, and are given a designated credit toward the purchase of stock in the manufacturer or supplier for each label redeemed. When a participating consumer has accumulated enough credits for a particular manufacturer or supplier to purchase one or more shares of its stock, a buy order is issued for the appropriate number of shares, and the consumer's credits are reduced accordingly. | |
