WILMINGTON, Del.--(BUSINESS WIRE)--Global Debt Registry (GDR), a provider of asset securitization ownership, servicing rights validation, and turnkey accounts receivable titling solutions, announced today that the Company has filed its first cornerstone provisional patent with the United States Patent and Trademark Office, awarded as serial number 61/435,034. The patent protects GDR technologies developed for the Company’s recently released Version-5.1 enterprise management tool.
“GDR has created a truly unique offering for the global accounts receivable and securitization industries,” said Mark Parsells, Executive Chairman. “There are no other companies that do what GDR does. We believe this intellectual property will play a significant role in resolving many of the problems that have produced improper portfolio and account-level chains of title, inaccurate data, documentation integrity, and inadequate record keeping surrounding asset securitizations, servicing, and sales in all segments of the global AR space. It is just another step in GDR’s mission to establish itself in the market as a forward thinking, leading edge technology powerhouse.”
“Our groundbreaking patent pending technology is central to GDR’s state-of-the-art debt titling solutions,” said Greg Ousley, Chief Executive Officer. “The filing of our intellectual property is just our latest step in crystallizing our efforts to revolutionize the way issuers, investors, and servicers manage the securitization and accounts receivable lifecycle process.”
Bruce Gilmore, President and CIO added, “GDR is the only turnkey provider of accounts receivable chain-of-title, data integrity, and media-management services globally. GDR-5.1 is now available and in use by more than 60 customers in all 50 states. The system can be easily customized for any titling, data integrity, and media-management need with very little—if any—development required by the user. Users can easily transmit and receive data while meeting the most stringent regulatory and industry data protection requirements.”
The Company will file all documentation for the non-provisional patent on the technology before the end of 2011.
For more information contact Greg Ousley, CEO, Global Debt Registry at 866-660-2341, or visit www.globaldebtregistry.com.
About Global Debt Registry
Global Debt Registry delivers significant consumer protections as well as measurable ROI benefits to all participants in the Accounts Receivable Industry by providing the nation’s only proven, patent-pending AR titling solution. GDR’s customizable platform provides a comprehensive Data Integrity, Chain of Title, and Turnkey Media Management solution. GDR maintains the integrity of traded data and documentation (validates debt); maintains accurate ownership (account-level chain of title); and provides automated access for media lifecycle management. The Company offers a customizable platform both in the performing and non-performing ARM industry markets.