Marathon Patent Group Inc, formerly American Strategic Minerals Corporation, was incorporated under the laws of the State of Nevada on February 23, 2010. The Company’s business is to acquire patents and patent rights and to monetize ...the value of those assets to generate revenue and profit for the Company. It acquires patents and patent rights from their owners, who range from individual inventors to Fortune 500 companies. Part of its acquisition strategy is to acquire patents and patent rights that cover a variety of subject matter, which allows it to achieve the benefits of a growing diversified portfolio of assets. Generally, the assets it acquires are characterized by having large identifiable companies who are or have been using technology that infringes its patent rights. As of December 31, 201...3, the Company owned a patent portfolio consisting of 118 U.S. and foreign patents and 5 patent applications. During the second quarter of 2013, it began generating revenue from its patent portfolio. The Company’s business model encompasses two main elements: (1) the identification, analysis and acquisition of patents and patent rights; and (2) the generation of revenue from the acquired patents or patent rights. It competes with venture capital firms, strategic corporate buyers and various industry leaders for patents and patent rights acquisitions and enforcement opportunities.