Bankruptcy Forces Sale of Valuable Satellite-Based Global Communications Technology

Patent Portfolio Covers Both Commercial and Military Applications

RENO, Nev.--(BUSINESS WIRE)--National Commercial Auctioneers and IpAuctions, Inc. are currently entertaining offers for the sale of a valuable patent and trademark portfolio consisting of 21 patents, a patent application and 2 trademarks on behalf of Wendell Webster, Esq., Chapter 11 Trustee in bankruptcy for Ellipso, Inc., Mobile Communications Holdings, Inc., ESBH, Inc., and Virtual Geosatellite, LLC.

“Now these intellectual property assets are available for purchase through the bankruptcy sale process.”

Ellipso, Inc. is a privately held communications satellite system design company, now in bankruptcy. Ellipso’s subsidiaries include Mobile Communications Holdings, Inc., ESBH, Inc., and Virtual Geosatellite, LLC. Through these subsidiaries, Ellipso has compiled this portfolio of intellectual property for various communications satellite systems and high performance technology. Utilizing unique and patented elliptical orbits, the systems were intended to provide low cost voice, data, facsimile, paging and geolocational services to subscribers around the world at prices lower than competing systems.

On February 25, 2009, Ellipso filed for Chapter 11 in the US Bankruptcy Court in the District of Columbia. The assets in the case are just now becoming available to the marketplace through the court-appointed sale consultants, National Commercial Auctioneers and IpAuctions, Inc.

“These are extremely valuable telecommunications assets that every player in that industry need to own,” comments Stephen Karbelk, CAI, CEO & Founder of National Commercial Auctioneers.

“When the company was raising money, they had commitments for hundreds of millions of dollars for development,” notes Joe Popolo, President of IpAuctions, Inc. “Now these intellectual property assets are available for purchase through the bankruptcy sale process.”

To learn more about these telecommunication intellectual property assets and how to acquire them, please visit www.ipauctions.com or www.natcomauctions.com or call D Foote at 866-826-1300. The complete list of patents and trademarks are available online for viewing at the U.S. PTO.

About IpAuctions™

Established in 2000, www.ipauctions.com provides a platform for monetizing Intellectual Property for investors, corporations and other technologists. Our online environment has a proprietary worldwide database of corporate and private buyers, IP attorneys and venture capitalists who wish to maximize the value of their IP assets. For more information about these patent auctions, please contact J. Popolo at 866-826-1300.

About National Commercial Auctioneers

National Commercial Auctioneers is a nationwide auction company that specializes in the commercial sales of banks, special servicers, receivers, Trustee’s and bankruptcy courts.