IMAGE PROTECT ANNOUNCES MAJOR INCREASE IN LEVELS OF
COPYRIGHT/INFIGEMENT TRAFFIC
SAN CLEMENTE, CA--(InvestorsHub NewsWire - Feb 3, 2017)
- Image Protect Inc. (OTC: IMTL)
The company is reporting, the total number of uploaded images to
its copyright/Infringement software have exceeded five million. To
follow that number, the company is reporting, the number of actual
sightings for Infringements, have exceeded 1.7 million. This now
tracks to the companys revenue model, and the company is beginning
to build data for its early stage Earnings Guidance for 2017.
Since inception, the company has been able to track its revenue
directly to, Images tracked, Infringements sighted, to recovery
revenue for its clients and ultimately to the companys top line
revenue. The company has historically used a percentage off these
key numbers that have proved accuracy for coming quarters. The life
cycle of upload, identify, review, pursue infringement settlement,
have become an algorithmic to building its projections of
revenue.
The company feels confident, the 2017 revenue should fall
between $3,500,00 and $5,000,000 in top line revenue based on
current key markers now in the copyright recovery software system.
The projection comes based off its three-year history of
performance and analysis of the certain key markers. Company Chief
Operating Officer, Jonathan Thomas stated, from our earliest beta
testing stage, right through to the software upgrades weve
experienced the percentages have always proved out with certain key
markers. He further stated, so, Im comfortable with the soft early
2017 guidance given at this point, and expect a firmer guidance
given after we complete the second.
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.