BBB file opened:
March 22, 2000
Principal: Ms. Lorrie Gelenger, Field Development Manager
Product Development & Marketing
Advertising - Direct Mail
Alternate Business Names
Before paying advance fees to any company offering services to inventors, inventors should carefully investigate & fully understand the offer. Get a written estimate of all potential fees. Carefully read & thoroughly understand the terms of any written agreement & obtain all verbal agreements & guarantees in writing, & have the agreement reviewed by legal counsel. If there is a local inventors' club or society, it may be able to provide you with the experiences of its club members. If you or an invention company representing you describes your invention in a printed publication, or use the invention publicly or places it on sale, you must apply for a patent within one year or you will lose your chance to obtain a patent. It should be understood that the purchase of new product marketing services is a high risk expenditure, & there is no guarantee that a profit will result.
Futher information is contained in the Council of BBBs' general report entitled "Obtaining A Patent," Useful information is available from the U.S. Dept. of Commerce's booklet, "General Information Concerning Patents" (available from the Consumer Information Center Dept. 131N, Pueblo, CO 91009 for $2.00). The American Intellectual Property Law Association, Inc. Ste. 203, 2001 Jefferson Davis Hwy, Arlington, VA 22203; 703-521-1680 has prepared a 96-page booklet & supplement entitled "How To Protect & Benefit From Your Ideas" for $9.95. The price includes a 1/2 hour consultation with one of approximately 600 articipating lawyers.
The Small Business Administration's booklet, "Can You Make Money With Your Idea or Invention?" is available from an SBA district office or The Small Business Administration, Office of Public Communications, 1441 L Street, N.W., Washington, DC 20416; (202) 653-6365. The SBA recommends that, "If you elect to use an idea promotion firm, make sure: They can provide solid evidence of their track record-not just a few flashy success stories, but verifiable statistics on the number of clients they've had & the number who have actually made money. They will provide you with samples of their promotional materials & lists of companies to whom they've sent it. (Then check with those companies yourself)"