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Image Protect, Inc. Announces Nine Month Total Debt Reduction of $1,945,860

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Rhea-AI Summary
Image Protect, Inc. (IMTL) successfully negotiates the reduction and retirement of $428,125 of convertible debt, totaling $1,945,860 in debt reduction over nine months. The company aims to improve its capital structure for future growth. CEO James Ballas emphasizes building shareholder value and enhancing the Review Control brand through multimedia advertising strategies.
Positive
  • Successful reduction and retirement of $428,125 convertible debt principal and accrued interest.
  • Total debt reduction of $1,945,860 over the past nine months.
  • Focus on improving capital structure to support future growth plans.
  • CEO James Ballas highlights commitment to building shareholder value and enhancing the Review Control brand.
  • Expansion of multi-media advertising strategies for Review Control™ Reputation Management.
Negative
  • None.

NEW YORK, NY, Feb. 14, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire  - Image Protect, Inc. (OTC: IMTL) (Imageprotectcorporation.com) (“Image Protect” or the “Company”), is pleased to announce that it has successfully negotiated the reduction and retirement of an additional $428,125 of convertible debt principal plus accrued interest, bringing the total debt reduction during the past nine months to $1,945,860. These debt reductions will be reflected in company financial statements posted to OTCMarkets.com in the period in which they occurred.

The Company continues to work diligently on its capital structure to create a balance sheet commensurate with the company’s future growth plans.

CEO James Ballas states: “After much negotiation, we are very pleased to have retired and reduced this additional amount of company debt.  The company continues its mission to build shareholder value and create an environment that best helps the Review Control brand and its growth.” 

The Company will continue to expand its multi-media advertising strategies for Review Control™ Reputation Management and will continue to update shareholders and the investor public through regular news, through X (Formerly Twitter), and through other social media channels.

Follow Image Protect, Inc. to learn more about Review Control™ Reputation Management and to stay informed about Company developments and growth:

Instagram: @ImageProtectCorp 

Corporate updates on X (Formerly Twitter) @IMTLCorp

Company updates on X (Formerly Twitter):  @Review_Control

Image Protect, Inc: www.ImageProtectCorp.com

Review Control™: www.ReviewControlCenter.com

Facebook: Image Protect Corp

Mission Statement: To IMPROVE and PROTECT the online image of our clients.

About Image Protect, Inc.
Image Protect, Inc. is a Technology and Business Services Company, specializing in vitally important Review and Reputation Management for businesses of all types and sizes, as well as individuals who need online reputation assistance. Utilizing proprietary technology applications combined with excellent customer service and support, its newly acquired subsidiary Review Control™ Reputation Management has established itself in the space in recent years and continues to grow and penetrate new verticals. New services are currently in development to further the Company’s commitment to providing the very best in review marketing subscription products to the business community.

About Review Control™ Reputation Management
Review Control™ Reputation Management is a proprietary, business-to- business subscription platform that can increase and improve the online reviews of its clients and serves a vital business interest to millions of businesses of all types and sizes. With prices starting at just $59 per month it is an easy, affordable, and effective solution for any type of business to obtain more positive online reviews - which increase search ranking, attract more customers and revenue, and increases the value of the client’s business. Founded in 2018, Review Control™ has established itself as a recognized national brand, and has grown steadily since inception, providing excellent service and many satisfied clients.

Safe Harbor Provision
Cautionary statement for purposes of the 'Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties, and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties, and assumptions include the execution and performance of contracts by the Company and its customers, suppliers, and partners. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

Investor Relations
IR@ImageProtectCorporation.com


FAQ

How much convertible debt principal and accrued interest did Image Protect, Inc. (IMTL) negotiate for reduction and retirement?

Image Protect, Inc. (IMTL) negotiated the reduction and retirement of $428,125 of convertible debt principal plus accrued interest.

What is the total amount of debt reduction achieved by Image Protect, Inc. (IMTL) in the past nine months?

Image Protect, Inc. (IMTL) achieved a total debt reduction of $1,945,860 over the past nine months.

What is the focus of Image Protect, Inc. (IMTL) regarding its capital structure?

Image Protect, Inc. (IMTL) aims to improve its capital structure to support the company's future growth plans.

Who emphasized the commitment to building shareholder value and enhancing the Review Control brand in Image Protect, Inc. (IMTL)?

CEO James Ballas emphasized the commitment to building shareholder value and enhancing the Review Control brand in Image Protect, Inc. (IMTL).

What strategies is Image Protect, Inc. (IMTL) expanding for Review Control™ Reputation Management?

Image Protect, Inc. (IMTL) is expanding its multi-media advertising strategies for Review Control™ Reputation Management.

IMAGE PROTECT INC

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San Clemente

About IMTL

image protect is a technology company that builds tools to allow images to be easily tracked and monetized across the web. our proprietary and scalable image recognition software can determine how, where and by whom an image is being used online. automate the tracking of copyright images, advertisements, and brands to enable measurement and monetization. find out where an image came from, how it is being used, or if modified versions of the image exist. our image matching technology is configured specifically for visual content tracking including tools that have been designed to be integrated with sophisticated workflow of solutions for: copyright protection – monitor the global internet to seek and collect evidence for illegally used copyrighted visual content. brand protection – identification and monitoring of brand logos, product images etc. to protect against fraudulent use. vital in brand protection, brand intelligence, & ip protection. brand recognition – marketers no long