Card Activation Technologies, Inc. owns and commercially develops its point-of-sale technology for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards. During the fiscal year ended September 30, 2009 (fiscal 2009), the Company derives revenues from operations were generated from settlements of patent litigation with third parties pursuant to which such third parties paid royalties for use of its patent. The Company’s principal asset is its patented payment technology that it acquired from MedCom USA Incorporated (MedCom) in connection with its spin-off. The patent covers the technology and process for taking a card with a magnetic strip or other data capture mechanism and activating the card by loading a determined monetary value onto the card for use at a later date for different types of transactions. This process can be used for gift cards, phone cards and other stored value cards.