Image Protect Inc (OTCMKTS:IMTL)
Image Protect Inc (OTCMKTS:IMTL) rallied 66.68% after announcing plans to team up with Safe Creative, to streamline the tracking of registered images and illustrations online. The partnership comes on the heels of the company announcing 3000 actionable infringement cases in Q1.
Thursday’s rally saw the stock break a key resistance level at the $0.035 level to end the day at $0.04 a share. The rally helped reverse, be it in the short term, a strong downtrend that has plagued the stock.
The stock of Image Protect Inc (OTCMKTS:IMTL) is currently trading in a $0.02 – $0.04 range, waiting to see if the recent rally has the momentum to push it to 2017 highs of $0.07 a share. The stock faces immediate resistance at the $0.05 mark above which it could rise to the $0.07 mark. Its 52-week high is $0.15.
Safe Creative Partnership
Formation of a joint venture with the European partner appears to have renewed investor interest in the stock as the deal is poised to lead to additional revenues. Safe Creative is a global copyright registry with over 7,000 users. The firm uses sophisticated systems to generate and manage copyrights.
“We anticipate both platforms to benefit from our aligned strategies to solve important copyright issues for our clients. This broadens our access to our monitoring services to the member photographers of Safe Creative while creating additional revenue for the company,” said Jonathan Thomas, COO of Image Protect Inc (OTCMKTS:IMTL).
Teaming up with Safe Creative could not have come at a better time as Image Protect Inc (OTCMKTS:IMTL) is currently representing over 170,000 photographers and 31 photo Agencies. The two groups are relying on the company to protect copyrights of their images posted online
The company has developed an end to end business solution that can be passed through blogs, corporate and editorial websites to ensure that all images adhere to copyright laws. The software has grown from a beta-tested service to a full service in less than three years, monitoring over 10 million images.
The software solution is leading Image Protect push in the fight against online piracy.
“Order is being brought to the fast-moving world of the internet age, who owns what, and who has the rights to post and use Images, content, and videos,” said Chief Executive Officer, Lawrence Adams.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.