Network-1 Reports Third Quarter 2009 Results

NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- Network-1 Security Solutions, Inc. (OTC Bulletin Board: NSSI) today announced financial results for the quarter ended September 30, 2009. Network-1 had revenues of $141,000 and $655,000 for the three and nine months ended September 30, 2009 as compared with revenues of $106,000 and $240,000 for the three and nine months ended September 30, 2008, respectively. The increase in revenues during 2009 was related to additional licensees of Network-1's Remote Power Patent and its settlement with Netgear, Inc. ("Netgear").

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