<SEC-DOCUMENT>0001513162-15-000371.txt : 20150625
<SEC-HEADER>0001513162-15-000371.hdr.sgml : 20150625
<ACCEPTANCE-DATETIME>20150625100356
ACCESSION NUMBER:		0001513162-15-000371
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150625
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150625
DATE AS OF CHANGE:		20150625

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITUS Corp
		CENTRAL INDEX KEY:			0000715446
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				112622630
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11254
		FILM NUMBER:		15950827

	BUSINESS ADDRESS:	
		STREET 1:		12100 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		31044845200

	MAIL ADDRESS:	
		STREET 1:		12100 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COPYTELE INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<head><title>FORM 8-K</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman'; COLOR:#000000; MARGIN-TOP:0px"> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>UNITED STATES</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Washington, D.C. 20549</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b><u>&nbsp;&nbsp;&nbsp;</u></b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>FORM 8-K</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>CURRENT REPORT</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Date of Report (Date of earliest event reported): &nbsp;June 25, 2015</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b><u>ITUS CORPORATION</u></b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Exact name of registrant as specified in its charter)</p> <p style=MARGIN:0px align=center><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td width=194> <td width=174> <td width=169 /> </tr><tr> <td width=194 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Delaware</b></p></td> <td width=174 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>000-11254</b></p></td> <td width=169 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>11-2622630</b></p></td></tr> <tr> <td width=194 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(State or other jurisdictionof incorporation)</p></td> <td width=174 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(CommissionFile Number)</p></td> <td width=169 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(IRS Employer</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Identification No.)</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td width=349> <td width=337 /> </tr><tr> <td width=349 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>12100 Wilshire Boulevard, Suite 1275</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Los Angeles, CA</b></p></td> <td width=337 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>90025</b></p></td></tr> <tr> <td width=349 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px"> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Address of principal executive offices)</p></td> <td width=337 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px"> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Zip Code)</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Registrant<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s telephone number, including area code: &nbsp;<b>(310) 484-5200</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:336px">&nbsp;&nbsp;</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Former name or former address, if changed since last report)</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b><u>&nbsp;&nbsp;&nbsp;</u></b></p> <p style=MARGIN:0px align=center><br></p> <p style="MARGIN-BOTTOM:6px; FONT-SIZE:11pt; MARGIN-TOP:6px" align=justify>Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions: </p> <p style="MARGIN-BOTTOM:6px; FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN-TOP:6px">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17&nbsp;CFR&nbsp;230.425)</p> <p style="MARGIN-BOTTOM:6px; FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN-TOP:6px">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17&nbsp;CFR&nbsp;240.14a-12)</p> <p style="MARGIN-BOTTOM:6px; FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN-TOP:6px">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17&nbsp;CFR&nbsp;240.14d-2(b))</p> <p style="MARGIN-BOTTOM:6px; FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN-TOP:6px">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17&nbsp;CFR&nbsp;240.13e-4(c))</p> <p style=MARGIN:6px><br></p> <p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px><br></p> <hr size=1> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><font style=BACKGROUND-COLOR:#ffffff><b>Item 5.03 Amendments to Articles of Incorporation or By-Laws; Change in Fiscal Year.</b></font></p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px"><font style=BACKGROUND-COLOR:#ffffff>On June 25, 2015, ITUS Corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font></font><font style=BACKGROUND-COLOR:#ffffff><b>Company</b></font><font style=BACKGROUND-COLOR:#ffffff><font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) </font><font style=BACKGROUND-COLOR:#ffffff>announced that</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>effect</font><font style=BACKGROUND-COLOR:#ffffff>ive</font><font style=BACKGROUND-COLOR:#ffffff> at</font><font style=BACKGROUND-COLOR:#ffffff> 9:00 a.m. eastern standard time on June 26, 2015, the Company will implement</font><font style=BACKGROUND-COLOR:#ffffff> a reverse stock split of its shares of common stock at a ratio of one-for-twenty-five (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font></font><font style=BACKGROUND-COLOR:#ffffff><b>Stock Split</b></font><font style=BACKGROUND-COLOR:#ffffff><font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). The Stock Split, which was approved by the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s board of directors under authority granted by the Company's stockholders at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s 201</font><font style=BACKGROUND-COLOR:#ffffff>4</font><font style=BACKGROUND-COLOR:#ffffff> Annual Meeting of </font><font style=BACKGROUND-COLOR:#ffffff>Stockholders</font><font style=BACKGROUND-COLOR:#ffffff> held on </font><font style=BACKGROUND-COLOR:#ffffff>August 8,</font><font style=BACKGROUND-COLOR:#ffffff> 2014</font><font style=BACKGROUND-COLOR:#ffffff>, will be</font><font style=BACKGROUND-COLOR:#ffffff> consummated pursuant to a Certificate of Amendment </font><font style=BACKGROUND-COLOR:#ffffff>that was </font><font style=BACKGROUND-COLOR:#ffffff>filed with the Secretary of State of Delaware on </font><font style=BACKGROUND-COLOR:#ffffff>June 25</font><font style=BACKGROUND-COLOR:#ffffff>, 201</font><font style=BACKGROUND-COLOR:#ffffff>5</font><font style=BACKGROUND-COLOR:#ffffff> (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font></font><font style=BACKGROUND-COLOR:#ffffff><b>Certificate of Amendment</b></font><font style=BACKGROUND-COLOR:#ffffff><font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;A copy of the Certificate of Amendment is attached hereto as Exhibit 3.1 and is incorporated herein by reference.</font><font style=BACKGROUND-COLOR:#ffffff> A copy of the press release is attached hereto as Exhibit 99.1.</font></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px"><font style=BACKGROUND-COLOR:#ffffff>Upon the effectiveness of the Stock Split, the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s issued and outstanding shares of common stock </font><font style=BACKGROUND-COLOR:#ffffff>will </font><font style=BACKGROUND-COLOR:#ffffff>de</font><font style=BACKGROUND-COLOR:#ffffff>crease</font><font style=BACKGROUND-COLOR:#ffffff> from approximately </font><font style=BACKGROUND-COLOR:#ffffff>219</font><font style=BACKGROUND-COLOR:#ffffff> million shares to </font><font style=BACKGROUND-COLOR:#ffffff>approximately 8.8</font><font style=BACKGROUND-COLOR:#ffffff> million shares of common sto</font><font style=BACKGROUND-COLOR:#ffffff>ck, all with a par value of $0.</font><font style=BACKGROUND-COLOR:#ffffff>01. Fractional shares resulting from the Stock Split were rounded up to the next whole number. </font><font style=BACKGROUND-COLOR:#ffffff>As a result of the Stock Split, t</font><font style=BACKGROUND-COLOR:#ffffff>he number of shares of </font><font style=BACKGROUND-COLOR:#ffffff>the Company</font><font style=BACKGROUND-COLOR:#ffffff><font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s common stock and preferred stock authorized under our Certificate of Incorporation, as amended, will</font><font style=BACKGROUND-COLOR:#ffffff> also</font><font style=BACKGROUND-COLOR:#ffffff> be decreased by the same proportion as the outstanding shares of common stock</font><font style=BACKGROUND-COLOR:#ffffff>.</font></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><b>Item 9.01.</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px"><b>Financial Statements and Exhibits.</b></p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:48px"><b>(d)</b></p> <p style="FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px; TEXT-INDENT:-2px"><b>Exhibits.</b></p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:48px">3.1 </p> <p style="FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>Certificate of Amendment</p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:48px">99.1</p> <p style="FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>Press Release, dated June 25, 2015</p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:9px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px><br></p> <hr size=1> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>SIGNATURES</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Dated: June 25, 2015</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PADDING-LEFT:336px; MARGIN:0px">ITUS CORPORATION</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PADDING-LEFT:336px; MARGIN:0px">By<u>:/s/ Robert A. Berman</u></p> <p style="FONT-SIZE:11pt; PADDING-LEFT:336px; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Robert A. Berman</p> <p style="FONT-SIZE:11pt; PADDING-LEFT:336px; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: President and Chief Executive Officer</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:9px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px><br></p> <hr size=1> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>EXHIBIT INDEX</b></p> <p style=MARGIN:0px align=center><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><u>Exhibit No.</u></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px"><u>Description</u></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr> <td width=57 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px"> <p style="FONT-SIZE:11pt; MARGIN:0px">3.1</p></td> <td width=460 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px"> <p style="FONT-SIZE:11pt; MARGIN:0px">Certificate of Amendment</p></td></tr> <tr> <td width=57 height=15 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px">99.1</p></td> <td width=460 height=15 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px">Press Release, dated June 25, 2015</p></td></tr></table> <p style=MARGIN:0px><br>&nbsp;</p> <p style="MARGIN-BOTTOM:10px; MARGIN-TOP:0px">&nbsp;</p></body>
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<TYPE>EX-3.1
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<FILENAME>exhibit3_1.htm
<DESCRIPTION>EXHIBIT 3.1
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<head><title>EXHIBIT 3.1</title> </head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt' align=right>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt' align=right><b>EXHIBIT 3.1</b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b>CERTIFICATE OF AMENDMENT TO THE </b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b>CERTIFICATE OF INCORPORATION </b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b>OF ITUS CORPORATION</b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>The undersigned, for the purposes of amending the Certificate of Incorporation of ITUS Corporation (the &#147;Corporation&#148;), a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware, does hereby certify that: </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'><u>FIRST</u>: The Board of Directors of the Corporation (the &#147;Board&#148;) duly adopted in accordance with Section&nbsp;141(f) of the DCGL at a meeting of the Board on May 28, 2014, a resolution proposing and declaring advisable the following amendment to replace Article FOURTH of the Certificate of Incorporation of said Corporation: </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>&#147;FOURTH: The total number of shares of stock that the Corporation shall have authority to issue is twenty four million twenty thousand (24,020,000), of which twenty four million (24,000,000) shall be Common Stock of the par value $0.01 per share and twenty thousand (20,000) shall be Preferred Stock of the par value of $100 per share. The 20,000 shares of Preferred Stock may be issued from time to time in one or more series, each of such series to have such voting powers, full or limited, or no voting powers, designations, preferences and relative participating, optional or other special rights and qualifications and limitations or restrictions as are stated and expressed in the resolutions providing for the issue of such series adopted by the Board of Directors as hereinafter provided. Authority is hereby expressly granted to the Board of Directors to establish and designate one or more series of Preferred Stock and to fix the relative rights, preferences and limitations of each series, including without limitation:</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>1.&nbsp;&nbsp;&nbsp; The number of shares to constitute such series and the distinctive designations thereof;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>2.&nbsp;&nbsp;&nbsp; The dividend rate to which such shares shall be entitled and the restrictions, limitations and conditions upon the payment of such dividends, whether dividends shall be cumulative, the date or dates from which dividends (if cumulative) shall accumulate and the dates on which dividends (if declared) shall be payable;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>3.&nbsp;&nbsp;&nbsp; Whether or not the shares of such series shall be redeemable and, if so, the terms, limitations and restrictions with respect to such redemption, including without limitation the manner of selecting shares for redemption if less than all shares are to be redeemed, and the amount, if any, in addition to any accrued dividends thereon, which the holders of shares of such series shall be entitled to receive upon the redemption thereof, which amount may vary at different redemption dates and may be different with respect to shares redeemed through the operation of any purchase, retirement or sinking fund and with respect to shares otherwise redeemed;</font></p> <p 0pt text-autospace: 0in 0.0in; roman?,?serif?; ; new margin: text-indent: 0.0pt? style="FONT-SIZE:10pt; FONT-FAMILY:" times align=center><font size=3>1</font></p> <p 0pt text-autospace: 0in 0.0in; roman?,?serif?; ; new margin: text-indent: 0.0pt? style="FONT-SIZE:10pt; FONT-FAMILY:" times> <hr size=1> </p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>4.&nbsp;&nbsp;&nbsp; The amount in addition to any accrued dividends thereon which the holders of shares of such series shall be entitled to receive upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation, which amount may vary at different dates and may vary depending on whether such liquidation, dissolution or winding up is voluntary or involuntary;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>5.&nbsp;&nbsp;&nbsp; Whether or not the shares of such series shall be subject to the operation of a purchase, retirement or sinking fund and, if so, the terms, limitations and restrictions with respect thereto, including without limitation whether such purchase, retirement or sinking fund shall be cumulative or non&#151;cumulative, the extent to and the manner in which such fund shall be applied to the purchase, retirement or redemption of the shares of such series for retirement or to other corporate purposes and the terms and provisions relative to the operation thereof;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>6.&nbsp;&nbsp;&nbsp; Whether or not the shares of such series shall have conversion privileges and, if so, prices or rates of conversion and the method, if any, of adjusting the same;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>7.&nbsp;&nbsp;&nbsp; The voting powers, if any, of such series; and</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style=FONT-SIZE:12pt>8.&nbsp;&nbsp;&nbsp; Any other relative rights, preferences and limitations thereof as shall not be inconsistent with this Article.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'><font style="FONT-SIZE:12pt; COLOR:black">Upon the effectiveness of the amendment to the certificate of incorporation containing this sentence (the &#147;Split Effective Time&#148;) each share of the Common Stock issued and outstanding immediately prior to the date and time of the filing hereof with the Secretary of State of Delaware shall be automatically changed and reclassified into a smaller number of shares such that each twenty-five shares of issued Common Stock immediately prior to the Split Effective Time is reclassified into one share of Common Stock. Notwithstanding the immediately preceding sentence, there shall be no fractional shares issued and, in lieu thereof, a holder of Common Stock on the Split Effective Time who would otherwise be entitled to a fraction of a share as a result of the reclassification, following the Split Effective Time, shall receive a full share of Common Stock upon the surrender of such stockholders' old stock certificate. No stockholders will receive cash in lieu of fractional shares.&#148;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:0.05pt'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'><u>SECOND</u>: The holders of a majority of the issued and outstanding voting stock of the Corporation have voted in favor of said amendment <font style=COLOR:black>at a duly convened meeting of the stockholders of the Corporation</font>. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'><u>THIRD</u>: The aforesaid amendment was duly adopted in accordance with the applicable provisions of Section&nbsp;242 of the DGCL. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'><u>FOURTH</u>: The aforesaid amendment shall be effective as of 9:00 A.M. Eastern Standard Time on June 26, 2015.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p 0pt text-autospace: 0in 0.0in; roman?,?serif?; ; new margin: text-indent: 0.0pt? style="FONT-SIZE:10pt; FONT-FAMILY:" times align=center><font size=3>2</font></p> <p 0pt text-autospace: 0in 0.0in; roman?,?serif?; ; new margin: text-indent: 0.0pt? style="FONT-SIZE:10pt; FONT-FAMILY:" times> <hr size=1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>IN WITNESS WHEREOF, the Corporation has caused this Amendment to the Certificate of Incorporation of the Corporation to be duly executed by the undersigned this 25<sup>th</sup> day of June, 2015. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in'> <table width=600 style="WIDTH:600px; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0 align=center> <tr height=21 style=HEIGHT:15.75pt> <td width=64 height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:48pt; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td width=64 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:48pt; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td width=364 colspan=2 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:274pt; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <div style=page:WordSection1 align=left>ITUS CORPORATION</div></td></tr> <tr height=21 style=HEIGHT:15.75pt> <td height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /></tr> <tr height=21 style=HEIGHT:15.75pt> <td height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /></tr> <tr height=21 style=HEIGHT:15.75pt> <td height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /></tr> <tr height=21 style=HEIGHT:15.75pt> <td height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <p align=right>By:</p></td> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 0.5pt solid; BORDER-LEFT:0px">/s/ Robert A. Berman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td></tr> <tr height=21 style=HEIGHT:15.75pt> <td height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px">Name: Robert A. Berman</td></tr> <tr height=21 style=HEIGHT:15.75pt> <td height=21 style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /> <td style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px">Title: President and Chief Executive Officer </td></tr></table></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 4in; TEXT-AUTOSPACE:'>&nbsp;</p></div></body>
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<head><title>NASDAQ v4 - EGS comments (00369132).DOCX</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman'; COLOR:#000000; MARGIN-TOP:0px"> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Arial'; MARGIN:0px" align=right><b>EXHIBIT 99.1</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Arial'; MARGIN:0px" align=center><b>ITUS Announces Reverse Stock Split </b></p> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Arial'; MARGIN:0px" align=center><b>with the Intention to List Shares on NASDAQ </b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Arial'; COLOR:#333333; MARGIN:0px" align=justify><b>LOS ANGELES, CA <font style="FONT-FAMILY:Arial Unicode MS,Arial">&#150;</font> June 25, 2015: </b><font style=COLOR:#000000>ITUS Corporation (<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#147;</font></font><font style=COLOR:#000000><u>ITUS</u></font><font style=COLOR:#000000></font><font style=COLOR:#000000><font style="FONT-FAMILY:Arial Unicode MS,Arial">&#148;</font>) (OTCQB: </font><font style=COLOR:#000000><u>ITUS</u></font><font style=COLOR:#000000></font><font style=COLOR:#000000>), today announced that effective at 9:00 a.m. Eastern Standard Time on Friday, June 26, 2015, the company will implement a 1 for 25 reverse stock split of its common shares. The company<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s common stock will begin trading on a post-reverse stock split basis on the OTCQB under the temporary symbol <font style="FONT-FAMILY:Arial Unicode MS,Arial">&#147;</font>ITUSD<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#148;</font> effective with the open of business on June 26, 2015. The company<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s shareholders approved implementation of a reverse stock split on August 8, 2014, and the company<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s board of directors has determined to take such action to help the company become eligible for listing on The NASDAQ Stock Market.</font></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:21px; FONT-SIZE:12pt; FONT-FAMILY:'Arial'; MARGIN-TOP:0px; LINE-HEIGHT:15pt" align=justify><u>Robert Berman</u>, ITUS<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s President and CEO, stated, <font style="FONT-FAMILY:Arial Unicode MS,Arial">&#147;</font>The excessively large number of outstanding ITUS shares has been an ongoing concern raised by investors and others in the financial community. &nbsp;With the announcement of our new business direction and the launch of exciting initiatives such as Anixa, our cancer diagnostics subsidiary, the timing is right to clean up the capital structure of the company as we complete our transformation and position the company for long term success.<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#148;</font></p> <p style="MARGIN-BOTTOM:21px; FONT-SIZE:12pt; FONT-FAMILY:'Arial'; MARGIN-TOP:0px; LINE-HEIGHT:15pt" align=justify>As a result of the reverse stock split, every 25 shares of ITUS<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s issued and outstanding shares of common stock will be automatically converted into 1 share of common stock. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. Additionally, as a result of the reverse stock split the number of shares of ITUS<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s common stock and preferred stock authorized under our Certificate of Incorporation, as amended, will be decreased by the same proportion as the outstanding shares of common stock.</p> <p style="MARGIN-BOTTOM:21px; FONT-SIZE:12pt; FONT-FAMILY:'Arial'; MARGIN-TOP:0px; LINE-HEIGHT:15pt" align=justify>The reverse stock split will reduce the number of ITUS<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s issued and outstanding common stock from approximately 219 million shares, pre-reverse stock split, to approximately 8.8 million shares, post-reverse stock split. In most instances, &nbsp;the only way to obtain new ITUS share certificates will be to physically exchange old share certificates. &nbsp;To facilitate a smooth transition, we recommend that shareholders first obtain possession of their physical stock certificates. If necessary, shareholders should request such certificates from their brokers, if they have not already done so. Shareholders will receive detailed instructions for obtaining new share certificates from the company<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s transfer agent within the next 6 weeks, and instructions will also be made available in the <font style="FONT-FAMILY:Arial Unicode MS,Arial">&#147;</font>Investor<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#148;</font> section of the ITUS website. &nbsp;&nbsp;A new CUSIP number of 45069V203 will replace the pre-reverse split CUSIP number of 45069V104 to distinguish between the company<font style="FONT-FAMILY:Arial Unicode MS,Arial">&#146;</font>s pre- and post-reverse split shares of common stock.</p> <p style="MARGIN-BOTTOM:8px; MARGIN-TOP:0px" align=justify><br><br></p> <p style=MARGIN:0px><br></p> <hr size=1> <p style="MARGIN-BOTTOM:8px; FONT-FAMILY:Arial,Times New Roman; PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px" align=justify><b>About ITUS Corporation</b></p> <p style="MARGIN-BOTTOM:8px; FONT-FAMILY:'Arial'; MARGIN-TOP:0px" align=justify><u>ITUS</u> funds, develops, acquires, and licenses emerging technologies such as High-Tech, Biotechnology. Life Sciences, and Informatics. &nbsp;The company has ongoing licensing programs involving encrypted communications, and advanced materials, and an ongoing development program to create highly efficient, flat panel displays, utilizing a proprietary technology for carbon Nanotubes and phosphor luminescence. Additional information is available at <u>www.ITUScorp.com</u>. </p> <p style="MARGIN-BOTTOM:8px; MARGIN-TOP:0px" align=justify># # #</p> <p style="MARGIN-BOTTOM:8px; FONT-SIZE:11pt; MARGIN-TOP:0px" align=justify><b>Forward-Looking Statements:</b> <font style=FONT-SIZE:10pt>Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect ITUS Corporation's current expectations concerning future events and results. We generally use the words <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>believes,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>expects,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>intends,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>plans,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>anticipates,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>likely,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>will<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and similar expressions to identify forward-looking statements. &nbsp;Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. &nbsp;These risks, uncertainties and factors include, but are not limited to, those factors set forth in <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 1A <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> Risk Factors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and other sections of our Annual Report on Form 10-K for the fiscal year ended October 31, 201</font><font style=FONT-SIZE:10pt>4</font><font style=FONT-SIZE:10pt> as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. &nbsp;We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. &nbsp;You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release. </font></p> <p style="MARGIN-BOTTOM:9px; MARGIN-TOP:0px"><br></p> <p style="MARGIN-BOTTOM:8px; FONT-FAMILY:Breuer Text Medium,Times New Roman; MARGIN-TOP:0px">&nbsp;<u>ITUS Corporation</u><u>:</u> FOCUSED ON INNOVATION<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#153;</font></p> <p style=MARGIN:0px>&nbsp;</p></body>
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