SAN CLEMENTE, CA--(Marketwired - Dec 5, 2016) - Image Technology (OTC PINK: IMTL) reports top line revenue of $299,024 third Q3 2016 versus $88,563.00 Q3 2015, this represents a 338% increase over the previous quarter of 2015. The Quarter represented various highlights.
Company is in the process of uploading over 50 million images for Copyright Infringements.
Company opened Copyright Infringements in 13 countries worldwide compared to 2 in 2015.
Company began a complete software upgrade because of increased customer demand.
Company executed exclusive agreements with six of the top photo producers in the world.
Company serves as a panelist at the DMLA conference on Anti-Piracy in the Photo Image space.
Company COO, Jonathan Thomas stated, "This increase in revenue is a testament to the marketing, and all the streamlining we've implanted in our process." He further stated, "We expect this trend to not only continue, but continue to escalate."
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.