Computerized merchandising system

• US 5,765,141 A
• Filed: 10/06/1995
• Issued: 06/09/1998
• Est. Priority Date: 10/06/1995
• Status: Expired due to Term

• Current Assignee: Rateze Remote Mgmt. L.L.C. (Intellectual Ventures LLC)
• Original Assignee: Donald Spector
• Inventors: Spector, Donald
• Primary Examiner(s): Hayes, Gail O.
• Assistant Examiner(s): Thomas, Joseph
• Application Number:
  US08/540,251
• Time in Patent Office: 977 Days
• Field of Search: 395/201, 395/214, 395/216, 395/217, 395/221, 395/235, 395/236, 395/237, 395/239, 704/1, 704/14, 704/16, 704/17, 704/21, 704/35-37, 704/39, 235/375, 235/383, 364/479.01, 364/479.02, 364/479.05, 364/479.06, 364/479.07
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A computerized merchandising system useable by a corporation associated with a group of stores selling goods, the system acting not only to induce a consumer to purchase these goods, but also to induce this consumer to buy shares of stock issued by the corporation, for either choice is to his possible advantage. On the site of each store is a satellite computer which prints out and supplies a certificate to a buyer who pays its face value. The certificate is redeemable within a specified period, and when redeemed then entitles the buyer either to acquire from any one of the stores, goods whose total sales price is equal to the face value of the certificate, or to acquire shares of stock in the corporation whose market value at the time the certificate was purchased was then equal to its face value. If therefore the market value of the shares at the time of redemption has appreciated above the face value of the certificate, the buyer stands to gain by acquiring the shares. But the buyer cannot suffer a loss, for he has the option of acquiring the goods in lieu of the stock.

Claims

1. A computerized merchandising system useable by a corporation associated with stores selling goods to consumers, the system being adapted to promote the sale in these stores of shares of stock issued by the corporation, said system comprising:

A. a satellite computer installed in each store provided with a printer, which receives data relating to a buyer entered into the computer, and prints out and supplies to the buyer who pays to the store its face value, a certificate which identifies him and entitles him when the certificate is redeemed within a specified period running from the date on which the certificate was purchased, to either of the following;

(1) the right to acquire from said store at the time the certificate is redeemed, goods whose total selling price is equal to the face value of the certificate;

or

(2) the right to acquire from a transfer agent shares of said stock whose value at the time the certificate was purchase is equal to said face value, whereby should the buyer elect to acquire said stock he stands to gain if the stock has appreciated in value, and should the buyer elect to acquire said goods, he will have already paid for them and, therefore, suffer no loss; and

B. a central computer linked to each satellite computer and to said transfer agent to monitor the operation of the system and validate the transactions.

2. A system as set forth in claim 1, in which the certificate has printed thereon the identification of the buyer, the time, date and place of its purchase, the face value of the certificate and the period in which it is redeemable.

3. A system as set forth in claim 1, in which the central computer maintains a real time record of the outstanding shares of stock of the corporation and the options thereto resulting from the issuance of certificates by the satellite computers linked to the central computer.

4. A system as set forth in claim 1, in which the central computer authorizes the transfer agent to which it is linked to issue the shares only if the certificate presented for redemption is verified.

5. A system as set forth in claim 2, in which the certificate includes a magnetic stripe on which is recorded the data printed thereon.

6. A system as set forth in claim 5, in which each store is provided with a reader to read the magnetic stripe to verify the certificate when presented for redemption.

7. A system as set forth in claim 5, in which the transfer agent is provided with a reader to read the magnetic stripe when the certificate is presented for redemption.