Image Protect Inc (IMTL)

[trading.jeff]

$IMTL PR:
Image Protect issues Chairman’s Letter to Shareholders

SAN CLEMENTE, Calif., Oct. 03, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Image Protect Inc. (OTC:IMTL) (imageprotect.com) (“Image Protect” or the “Company”), a global leader in the end-to-end copyright Infringement sector, is proud to issue the following letter to Shareholders from the Company’s Chairman:

Dear Valued Shareholder,

First off, let me begin by saying that I’m very excited to announce that we have elevated Matthew Goldman to the position of Co-CEO. He will split duties with myself going forward. I will continue to focus on our underlying financial structure, while Matt will focus on our core operations as well as the launch of our exciting new business model, which I will introduce below.

As you know, we have spent the better part of the past four years cementing a rock-solid reputation as a leader in traditional copyright infringement enforcement and related services. We have built a foundation of success through the aggressive acquisition of images under the umbrella of our protection, helping to establish a beachhead for content owners on the internet.

While this is a necessary project for maintaining the integrity of the internet as a platform for the exchange of value, we have amassed sufficient experiential data to conclude that this model fails to offer the level of monetization and financial growth that we believe is our responsibility to deliver to our shareholders.

Infringers have been a part of our society since the advent of music sharing websites of the 1990’s. However, the copyright enforcement and damages collection process remain vulnerable to legal hurdles that ultimately cost all parties involved, and the timeframe for full recovery can extend for months or even years in certain cases.

In an effort to innovate our way onto a better path, we have developed a new model: our “I/P Share” model.

This is a model that pays the infringer and forgives them for the act of infringing. While it seems counterintuitive at first blush, we have very strong reason to believe that it will take this industry by storm. We have begun to create dialogue with copyright infringers about this transition to a new model that will allow them to keep the image and collect revenue. And were monitoring the responses and hope it will provide further evidence to underscore our convictions.

This unique approach relies upon our new proprietary technology that allows us to replace infringed images with images containing In-image advertising code blocks. It has never been attempted before in the copyright Infringement space.

Matt Goldman is extremely well-qualified to head the launch of this new model. Matt’s background includes many years spent in the copyright infringement industry including several years working with many large-scale media agencies, Corbis, Getty, Jupiter images along with Silicon Valley media start-ups such as Snapwire and Twenty20. For the past few years, Matt has been at Image Protect, coordinating closely with our Rightsholders as a co-founder of the Company.

In addition, we have revamped the Company website to better reflect this revolutionary new model, and I invite all shareholders visit it and review: www.imageprotect.com. To see how the IP Share works, I urge you to test for yourself on-line on our website. We’re launching an even more in-depth re-molded website in the coming months.

In summary, we have carved out a new path forward – a far more efficient model for monetization in the image copyright infringement space. And we will be introducing this approach with increasing detail shortly, as well as outlining our new benchmarks and thresholds as we look ahead to an exciting ride over coming quarters.

Best Regards,
Lawrence Adams

http://globenewswire.com/news-release/2018/10/03/1600702/0/en/Image-Protect-issues-Chairman-s-Letter-to-Shareholders.html