Image Protect Inc. Announces It Is Set to Acquire OTCPR Wire with a Planned Retool of Its Blockchain to Align with the Strategy of Developing a Premier Bloomberg News-Style Media Platform Serving the Micro-Cap Market Exclusively
New York, New York--(Newsfile Corp. - March 25, 2021) - Image Protect Inc. (OTC Pink: IMTL) (www.imageprotect.com) ("Image Protect", "IMTL", or the "Company"), an emerging Media Company, is excited to announce significant changes and focus to its business model.
The Company has executed a binding Agreement to Acquire the very active and popular Microcap PR distributor, OTCPR Wire, www.otcprwire.com .This Acquisition is the cornerstone piece of the Media Strategy for the Company. OTCPR Wire will go through a redesign and upgrade its services for its Micro-Cap clients, to offer a suite of services to include Quarterly Podcasts for earnings, Annual Meetings, and build an electronic newsroom for its clients, which should increase its press distribution for its clients, while streamlining its Press Release services to improve the user experience. The President of OTCPR Wire, Mark Newbauer commented, "I am extremely excited and looking forward to building the Company to a world class platform to our Micro-Cap clients usually only available to Companies on major Exchanges." Image Protect is Acquiring the Company on an all Restricted Stock basis to be issued at closing. In the Year end 2020, the OTCPR Wire maintained revenues in excess of $750,000.00 and has already seen a significant increase with the coronavirus pandemic slowing down and expect a major growth with the economy opening up and offering the new Suite of Services to its clients.
Furthermore, Image Protect is rolling out a platform that mirrors the MarketView/Bloomberg News model but built and designed exclusively for the OTC/Micro-Cap Market. We will bring a legitimate site that distributes news, commentary, podcasts, recent events, updates on Regulatory announcements. The Company will offer research reports on highly sought out OTC companies that meet a high standard of revenue, earnings and potential growth. The model will be an Ad revenue and will never be paid to "promote" a single company on the site, ensuring integrity to Its viewership on its research. It's the intention to build the most In-demand destination for the Micro-cap Investor and Traders.
Image Protect is retooling it previous White Paper on its Token offering and developing a Utility Coin off a blockchain that users can use to exchange and pay for the Research reports off the Micro-Cap website. The Coin offering will be rolled out shortly after the website is launched to dove-tail marketing of the Research reports.
The last leg of the business model is a Micro-Cap TV streaming channel that will stream on mobile, desktop and TV, constant on all OTC related news, Company updates, interviews and topical subjects such as the Reddit Review/ The SEC Enforcement updates/ CEO interviews/ Company M&A pertain solely to the OTC Market. This will be an Ad-based revenue model and zero payments will ever be taken to promote a Company or CEO, keeping with our commitment to deliver integrity-based reporting that our audience can rely on.
Image Protect CEO, Lawrence Adams stated, "It's our vision to create a destination point within the Micro-cap Market that brings the look and feel that we find at the higher exchanges." He further stated, "this is a new age in the Micro-cap space, and we are using the technology of Image Protect and the Media expertise of OTCPR Wire which I feel is the perfect combination".
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.
About OTC PR Wire
OTC PR Wire services clients through one of the world's largest press release distribution networks, specializing in the delivery of corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the general public. Founded and staffed by industry veterans, we offer a full complement of services including specialized delivery to financial sites and posting of photos and multimedia content. In addition, we offer international and specialized premium press release services such as IR websites and industry specific distribution.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78593