Not trying to be negative here, the app looks cool, but "The World's First Live Messaging System" - no its not.
And patent pending? I remember ICQ, there have been other services mentioned, and I'm sure 100's if not 1000's of other applications in the past have done this so called 'live messaging'... so good luck with the patent ;)
There is even a wikipedia page on it http://en.wikipedia.org/wiki/Real-time_text