Rightscorp Issues Letter to Shareholders
SANTA MONICA, Calif., April 29, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), issued a letter to its shareholders today.
Key developments and highlights of the letter include:
- Rightscorp now represents award-winning films, top 10 TV shows, a bestselling author, and more than a dozen songs on the Billboard Hot 100;
- Successfully closed more than 65,000 cases of copyright infringement;
- 9th quarter of consecutive double-digit revenue growth;
- Tripled revenues from $95,565 in 2012 to $324,000 at the end of 2013;
- Expanded global reach into Canada, a country with reported high levels of copyright infringement;
- Filed patents in Europe, China, Israel, Japan, Brazil, and India;
- Recently increased ingestion rate by 400%.
"In our Letter to Shareholders, we outlined our recent achievements regarding updates in our copyrights, ISP participation, ingestion rates, and cases closed," said Christopher Sabec, CEO of Rightscorp. "We feel our shareholders will appreciate the progress we are making as we continue to push forward to become the worldwide solution to the multi-billion dollar dilemma of online piracy."
To read the Letter to Shareholders in full, please visit: http://ir.rightscorp.com/
About Rightscorp, Inc.
Rightscorp (OTCQB: RIHT) is a leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP). The Company's patent pending digital loss prevention technology focuses on the infringement of digital content such as music, movies, software, and games and ensures that owners and creators are rightfully paid for their IP. Rightscorp implements existing laws to solve copyright infringements by collecting payments from illegal file sharing activities via notifications sent through Internet Service Providers (ISPs). The Company's technology identifies copyright infringers, who are offered a reasonable settlement option when compared to the legal liability defined in the Digital Millennium Copyrights Act (DMCA). Based on the fact that 22% of all Internet traffic is used to distribute copyrighted content without permission or compensation to the creators, Rightscorp is pursuing an estimated $2.3 billion opportunity and has monetized major media titles through relationships with industry leaders. http://www.rightscorp.com/
Safe Harbor Statement
This press release may include forward-looking statements. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the Company's anticipated financial position, business strategy and plans and objectives of management of the Company for future operations, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors not limited to, general economic and business conditions, competitive factors, changes in business strategy or development plans, the ability to attract and retain qualified personnel, and changes in legal and regulatory requirements. Such forward-looking statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph.
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