Patents Assigned to Option It, Inc.
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Publication number: 20120078698Abstract: A method and system for reserving future purchases of goods or services or events including plural electronic options with associated option fees for the goods or services or events. The plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services or events. The purchase of the electronic option is accepted according to electronic option terms established by the desired supplier. The option terms may vary greatly among the individual suppliers and no two suppliers may use the same option terms. Demographic information is collected from purchasers of electronic options and used to allow other suppliers of goods or services or events to target such purchasers. Various fees are generated for display, purchase, exercise or non-exercise of electronic options.Type: ApplicationFiled: October 3, 2011Publication date: March 29, 2012Applicant: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown
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Publication number: 20110307279Abstract: A method and system for reserving future purchases of goods or services using plural electronic options. The purchased electronic options are automatically exercised upon completion of an electronic purchase transaction for a desired good or service associated with the purchased electronic option and a final purchase price automatically adjusted based on exercising the electronic option. The final purchase price is adjusted based on electronic option terms as well as other factors including reward points, loyalty points, etc.Type: ApplicationFiled: June 13, 2011Publication date: December 15, 2011Applicant: Option It, Inc.Inventors: Christian S. PAPPAS, Charles P. BROWN
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Publication number: 20110301986Abstract: A method and system for reserving future purchases of airline tickets using plural electronic options. The electronic options are used to reserve plural airline fares on a plural airline routes to plural destinations and a plural of fare classes for a pre-determined period. A final airline fare, route, destination and fare class is determined when the electronic option is actually exercised. All other reservations are automatically canceled. The method and system allows the electronic options to be purchased to book now and pay later for airline tickets and other travel related goods and services such rental cars, hotel rooms, event tickets, local attraction tickets, theme park tickets, etc.Type: ApplicationFiled: July 26, 2011Publication date: December 8, 2011Applicant: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown
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Patent number: 8032447Abstract: A method and system for reserving future purchases of goods or services or events including plural electronic options with associated option fees for the goods or services or events. The plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services or events. The purchase of the electronic option is accepted according to electronic option terms established by the desired supplier. The option terms may vary greatly among the individual suppliers and no two suppliers may use the same option terms. Final pricing and final features of the goods or services or final pricing of events is determined using electronic counters for accepted purchases of electronic options that have decremented down to a desired pre-determined value.Type: GrantFiled: December 16, 2010Date of Patent: October 4, 2011Assignee: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown
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Patent number: 7996292Abstract: A method and system for reserving future purchases of goods or services using plural electronic options with associated option fees. The plural electronic options include a hierarchy of electronic options and plural different types electronic options terms.Type: GrantFiled: December 21, 2007Date of Patent: August 9, 2011Assignee: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown
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Patent number: 7962375Abstract: A method and system for reserving future purchases of goods or services using plural electronic options with associated option fees based on one or more different pre-determined priority system. The plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services. An option fee is associated with a reservation price to purchase desired goods or services at a desired future time using a priority system.Type: GrantFiled: December 21, 2007Date of Patent: June 14, 2011Assignee: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown
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Publication number: 20110131109Abstract: A method and system for reserving future purchases of goods or services or events including plural electronic options with associated option fees for the goods or services or events. The plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services or events. The purchase of the electronic option is accepted according to electronic option terms established by the desired supplier. The option terms may vary greatly among the individual suppliers and no two suppliers may use the same option terms. Final pricing and final features of the goods or services or final pricing of events is determined using electronic counters for accepted purchases of electronic options that have decremented down to a desired pre-determined value.Type: ApplicationFiled: December 16, 2010Publication date: June 2, 2011Applicant: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown
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Patent number: 7865424Abstract: A method and system for reserving future purchases of goods or services. Plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services. The option terms vary greatly among the individual suppliers and no two suppliers may use the same option terms. Use of variable option terms provides significant flexibility for use of the electronic options by suppliers. The method and system may also allow a purchaser to risk a small amount of money to use an electronic option to reserve a price to purchase or not purchase desired goods or services that may or may not ever exist at a desired future time.Type: GrantFiled: May 23, 2007Date of Patent: January 4, 2011Assignee: Option It, Inc.Inventors: Christian S. Pappas, Charles P. Brown