System and method for redeeming and accumulating stock purchase

Details System and method for redeeming and accumulating stock purchase System and method for redeeming and accumulating stock purchase

1990-01-09

1993-08-03

Envall, Jr, Roy N.

Boots, shoes, and leggings

364401, G06F 1520, G06F 1500

Patent

active

052335143

ABSTRACT:
A system and method for acquiring an equity position in a company through the purchase of qualifying products or services offered by the company, by accumulating credits toward the purchase of stock in the company based on the quantity of goods or services purchased. The invention is adapted for implementation, in part, on a digital computer. Consumers who purchase qualifying goods or services redeem UPC labels showing proof of purchase, and are given a designated credit toward the purchase of stock in the manufacturer or supplier for each label redeemed. When a participating consumer has accumulated enough credits for a particular manufacturer or supplier to purchase one or more shares of its stock, a buy order is issued for the appropriate number of shares, and the consumer's credits are reduced accordingly.

REFERENCES:
patent: 4882675 (1989-11-01), Nichtberger et al.

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