Business
Image Technology Labs Completes Merger With Image Protect in a Deal Backed by Blackbridge Capital
Image Technology Labs Completes Merger With Image Protect in a Deal Backed by Blackbridge Capital.
About this update from Image Protect, Inc.
[{"type":"text","content":"\n \n \n Image Technology Labs Completes Merger With Image Protect in a Deal Backed by Blackbridge Capital\n \n \nImage Technology Labs Completes Merger With Image Protect in a Deal Backed by Blackbridge Capital\n \n SAN CLEMENTE, CA--(Marketwired - Mar 15, 2016) - Image Technology Laboratories (OTC PINK: IMTL) is pleased to announce the completion and closing of the previously announced merger with Image Protect (www.imageprotect.com) a leading digital copyright enforcement management firm, with the help of financing from Blackbridge Capital. The combination of the established imaging and data organization platform of Image Technology Labs in conjunction with the rapidly expanding copyright enforcement business model of Image Protect leaves the new Company poised for dramatic new performance. Details of the transaction can be found on OTC markets, under a special filing the company did as \"Supplemental Information\" in-lieu of an 8k for shareholders.\n Image Protect provides a revolutionary proprietary software focused on digital asset protection with a global team of copyright and licensing experts, to protect and preserve the value of its client's digital assets. Online copyright infringement is a multi-billion dollar problem to holders of copyrighted property in a myriad of industries. Image Protect has a leading technology solution to provide monetization and remedies to the holders of violated copyrights. \n As disclosed previously, Lawrence Adams has been appointed CEO of the new Image Technology Labs, while the former CEO, Valerie McDowell, will remain an active board member and corporate secretary to the company. In addition, Jonathan Thomas will remain as President of Image Protect as well as fill the position as Chief Operating Officer of the new entity. Mr. Thomas will concentrate 100% of his time ensuring the continued success of Image Protect. \n Mr. Adams has been working rigorously to consummate this merger. \"We can't be more excited to have merged with Image Protect (www.imageprotect.com) the high growth potential of this company is tremendous,\" Mr. Adams stated, \"We anticipate Image Protect meeting all of its operational milestones with the funding invested by Blackbridge Capital.\" \n Blackbridge Capital has been an essential asset to the closing of this merger. \"A merger is hard to pull off under an...