Image Protect Announces Memorandum of Understanding for Pending New Business Acquisition
October 02 2023 - 7:14AM
InvestorsHub NewsWire
NEW YORK, NY -- October 2, 2023 -- InvestorsHub NewsWire
-- Image Protect, Inc. (OTC:IMTL)
(Imageprotect.com) ("Image Protect" or the "Company"), is pleased
to announce that it has completed its Due Diligence and reached a
Memorandum of Understanding on its pending new business acquisition
first mentioned on Tuesday, September 26th. The process is now
moving toward an LOI (Letter of Intent) with expectations of having
all terms agreed upon within the next seven business days.
The company that Image Protect, Inc. (OTC:
IMTL) is seeking to acquire is an established
business-to-business application software product provider with a
successful core offering with development for additional services
already underway.
Image Protect, Inc. expects to provide the necessary support for
this newly acquired subsidiary and ensure the availability of
needed resources to maximize market penetration and compete with
and dominate other existing brands in its space. The company looks
forward to competing at a high level and fostering the acquisition
of thousands of additional potential clients in its market.
CEO James Ballas states: "We are super excited to be in the
position to make this new acquisition announcement within days, and
we firmly believe this will be a game-changer in the industry.
Getting to this position has taken well over a year, and we are
looking forward to this acquisition and announcement that we
believe is the perfect fit for Image Protect, Inc."
To learn more and stay abreast of Company developments please
follow us at X (Twitter) @IMTLCorp
About Image Protect
Image Protect (IMTL) is a tech and media company with a focus on
digital assets. The Company's unique digital asset library and
proprietary technology was developed by company subsidiary Fotofy.
The Company owns and operates www.legendNFTs.io which is an
auction for NFTs of Hip Hop Artist and major Sports figures. The
Company has been developing Tokentunz as a site for Music NFTs.
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
SOURCE: Image Protect, Inc.
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