SAN CLEMENTE, CA--(Marketwired - Feb 1, 2017) - Image Protect Inc. (OTC: IMTL)
Currently, the company represents 171,039 Photographers and 31 Photo Agencies for monitoring and recovering services. This compares to less than 10,000 photographers and 9 Stock photo agencies in the prior year. This growth is attributable to key initiatives launched by company management over the last twelve months.
In April of 2016, the company went live with the latest version of its customer website, www.imageprotect.com. This proved to be a major milestone in the company's march towards a viable growth pattern. The completely updated website featured a "Subscriber-based" business model that allowed individual photographers to instantly set up individual accounts for the various types of Copyright services. With a simple, user-friendly interface, the website launched to tremendous accolade amongst customers and industry members alike. The website informs, educates and engages all aspects of Copyright within this digital age of rapidly growing digital piracy.
In May 2016, the company attended the largest Industry trade show (CEPIC), which took place in Zagreb, Croatia. This was the first time the recently launched website was on full display. During the show the company picked up a select number of strategic partnerships, but gained strong exposure to the wide array of industry attendees for follow up sales.
In October 2016, the company attended the largest Digital Licensing Trade show in North America, The DMLA Show, and the company COO Jonathan Thomas also participated as a panelist on the Digital Piracy Discussion Panel. This provided credibility to the company's standing within the Copyright Infringement space. Executed contracts from photo agencies signed during the conference were stronger than forecasted and continued long after the show was over.
The company's COO, Jonathan Thomas, stated, "The culmination of our efforts in 2016 have positioned the company to grow revenue at a much larger pace than first conceived." He further stated, "I am extremely pleased and excited about the growth we are expecting in 2017 and beyond."
About the Company
Image Protect protects and monetizes creative works. By uniting technology with a team of copyright experts, we ensure that content providers preserve the value of their digital assets. Our web application monitors the global Internet to seek and collect evidence for illegally used visual content. Then our legal partners in North America, Europe, Asia and Oceania ensure that our clients receive appropriate compensation, recovering settlement fees when their work has been used without a valid license.
Safe Harbor Provision
Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Image Technology Laboratories' 10-K and 10-Q for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.