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.
For further investor and media information contact:
Andrew Haag
Managing Partner
IRTH Communications
rightscorp@irthcommunications.com
1-866-976-4784
SOURCE Rightscorp