Image Protect Announces Upcoming Launch of World's Largest Digital Image Monetization Platform
March 19 2019 - 8:15AM
InvestorsHub NewsWire
Image Protect Announces
Upcoming Launch of World's Largest
Digital Image Monetization Platform
SAN CLEMENTE,
CA --
March 19, 2019 -- InvestorsHub NewsWire -- Image Protect Inc. (OTC:
IMTL) (imageprotect.com) ("Image
Protect" or the "Company"), a global leader in the
end-to-end copyright infringement sector, is excited to announce
the upcoming launch of its new Fotofy Digital Image
Marketplace, which will allow users to
license
the images
free of charge, while allowing revenue participation
for image
rightsholders in an In-Image
advertising network. Geared to
become the world's largest
digital
image sharing
platform, Fotofy will launch
in August
at
fotofy.com.
Fotofy
is built on the
Company's revolutionary IPShare technology, which allows
sharing and monetization of the Company's massive
image database.
Users will be able to access and share images for free, while image
rightsholders (owners) will be able to monetize that usage and
sharing through the Company's advanced in-image advertising
technology.
Image Protect
Co-CEO, Matthew Goldman stated, "After years of playing cops and
robbers on a global internet scale, pursuing infringements and protecting
the legal rights of copyright holders, we realized
that, in a world with a trillion-image sharing marketplace, the
return on investment would theoretically skyrocket with a different
model enabling free and full usage and sharing of images with a
monetization model built into that sharing process."
The
Fotofy
image sharing
marketplace will act as a massive library of high quality freely
accessible images for use and sharing. Each image will be embedded
with code that allows it to act as a carrier of an in-image
advertisement. In other words, everybody wins: users find the
images they desire, and image rightsholders have the opportunity to
profit from a revenue stream as their creative works are circulated
throughout the digital universe.
"We were in a
unique position to pull this off," continued Mr. Goldman. "Image
Protect has amassed a ton of applied knowledge capital in the
digital image industry over many years. We believe we are in a
position to establish and ramp Fotofy into the world's largest
digital image sharing platform in a relatively short period. The
in-image ad market is expected to top a record $50 billion in
revenues in 2020. We believe we will be ideally positioned to
capitalize on that growth."
Management notes
that the Company's goal is to reach one trillion image sharing
events across the Fotofy network within two years from
launch.
About Image
Protect
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 across North America,
Europe, and Asia ensure our clients receive appropriate
compensation for work used without 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. The Company disclaims any
obligation to update or revise statements contained in this news
release based on new information or otherwise.
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.com
(626) MJ-BRAND
Corporate Contact:
Image Protect
Lawrence Adams
larry.adams@imageprotect.com
Image Protect (PK) (USOTC:IMTL)
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