SANTA MONICA, Calif., June 17, 2015 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading champion of artists and other holders of copyrighted Intellectual Property (IP), announced today that it has issued a Letter to Shareholders.
Highlights of the letter include:
- Current market landscape and recent media coverage on piracy impacting the multi-billion dollar entertainment industry
- Rightscorp's unique patent-pending technology for identifying copyright infringement
- Review of the Company's Q1 2015 financial highlights
- Discussion of operating metrics and growth catalysts in the coming months
- Corporate highlights that include recent hiring of Mr. Cecil Bond Kyte as Chief Financial Officer
To read the Letter to Shareholders in full, please visit: http://content.stockpr.com/rightscorp/media/789b2824f5a0cd7ef8af40a5617fd6af.pdf
About Rightscorp, Inc.
Rightscorp (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, books 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.
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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SOURCE Rightscorp, Inc.