$IMTL Money Flows Signal Major Buying Under Surface
IMTLThis chart should be pretty clear: big players are loading up right now. We expect this has to do with the progress the company is making in its new Fotofy platform.
Out this morning:
Image Protect Engages Top Digital Analytics Partner to Process Rapidly Growing Fotofy Image Library
SAN CLEMENTE, CA, November 12, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Image Protect Inc. (OTC: IMTL) (imageprotect.com) (“Image Protect”, “IMTL”, or the “Company”), a global leader in the end-to-end copyright infringement sector, is excited to announce that the Company has officially engaged a leading digital analytics firm based in Vietnam to assist in the processing and filtering of the massive pool of images the Company is taking in from users on a weekly basis as it continues to rapidly populate the library of images available on its Fotofy.com Image Marketplace platform.
“This agreement will simultaneously sharply reduce our costs and expedite the time frame for translating uploaded images into marketable assets for our users and advertising partners on Fotofy,” stated Matthew Goldman, CEO of Image Protect.
Management notes that the Company’s Fotofy Digital Image Marketplace continues to grow at a rapid pace. The Fotofy platform is a disruptive digital image marketplace that leverages an in-image ad model to enable the free sharing of images for Image Users without sacrificing the capacity to monetize image use for the benefit of Image Creators, who stand to be compensated for digital real estate as the Fotofy network brings on advertising partners over coming months.
According to recent analysis from eMarketer, ad spending will continue to grow on a global basis, with the bulk of that growth driven by digital ad placement. Recent research suggests that investment in ad tech, data analytics, and ecommerce are set to drive a boom in overall online ad spend, with global activity in 2019 set to jump by 17.6% to $333.25 billion.
Mr. Goldman continued, “Now that we have a fully functioning Ad Exchange network in place and users are rapidly streaming onto the Fotofy Platform, putting in place a viable system for processing the uploads was the only major hurdle left. Now, we can get set to ramp up our marketing push and drive accelerating growth in major metrics through year-end.”
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