Thugmuffin
2 years ago
$RIHT Rightscorp, Inc. Signs Another Contract for Litigation ServicesPress Release | 06/24/2022
CARSON CITY, NV / ACCESSWIRE / June 24, 2022 / Rightscorp, Inc. (A Nevada Corporation) (OTC PINK:RIHT);
We are pleased to announce Rightscorp, Inc. is alive and well. In particular, we signed another contract with BMG for a litigation initiative on June 16th, 2022. Combined with this contract, Rightscorp has become OTC compliant since September 2021 along with some other administrative developments to include a $1.5 million reduction of debt on our balance sheet.
We have also had a successful string of litigation victories in the past several months yet again proving our resilience and accuracies related to our technical expertise.
There are a handful of other developments we will look forward to in the coming weeks along with a long overdue investor update. The last couple of years have been met with delays starting with Covid-19, however, we believe that our momentum has been worth the wait.
Cecil Bond Kyte
CEO
About
Rightscorp (OTC PINK:RIHT) monetizes 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 24% of all internet traffic is used to distribute copyrighted content without permission, Rightscorp is pursuing an estimated $2.3 billion opportunity and has monetized major media titles through relationships with industry leaders.
Safe Harbor Statement
This shareholder update contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the shareholder update, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this shareholder update.
CONTACT:
Markus Rainak
775-881-8091
markusrainak@rightscorp.com
SOURCE: Rightscorp, Inc.
View source version on accesswire.com:
https://www.accesswire.com/706459/Rightscorp-Inc-Signs-Another-Contract-for-Litigation-Services
alphaInvestor2
4 years ago
$RIHT- Advisors:
https://www.khpslaw.com/attorney/peter-t-paterno/
When Peter Paterno left his job writing software for NASA in order to attend law school, the space program suffered a minor setback and the creative community gained a skilled and tireless advocate.
Over his career, Mr. Paterno has nurtured the careers of dozens of multi-platinum recording artists, structuring, negotiating and documenting the myriad of agreements required by successful artists. He is also intimately involved in the formation, purchase and sale of numerous entertainment companies ranging from production, publishing, recording and film companies to merchandise and consumer electronic enterprises (including a well known company engaged in the distribution of headphones, along with a streaming music business). Mr. Paterno also has extensive experience in all aspects of copyright and trademark law, tax planning relating to the entertainment industry, litigation management, and live theater production.
In 1990, Mr. Paterno started and became the first president of Hollywood Records, the Walt Disney Companyโs popular music record label, reporting directly to Chief Executive Officer, Michael Eisner.
Mr. Paterno graduated from Harvey Mudd College (B.S. in mathematics, with distinction 1972); University of Hawaii (M.A. in mathematics 1973), and University of California at Los Angeles (J.D. 1976).
Click here to view interviews with Peter Peterno on Metallica
Areas Of Practice
Entertainment Law
Bar Admissions
California, 1976
Education
University of California at Los Angeles School of Law, Los Angeles, California
J.D. - 1976
Harvey Mudd College
B.S. - 1972
Honors: With Distinction
University Of Hawaii
M.A. - 1973
Honors and Awards
Super Lawyer By Super Lawyers Magazine
alphaInvestor2
4 years ago
RECENT TRANSACTIONS: Rightscorp, Inc. raised money in a private placement transaction:
https://relationshipscience.com/organization/rightscorp-inc-111270845
EXECUTIVES & EMPLOYEES:
Cecil Bond Kyte
Chief Financial Officer at Rightscorp, Inc.
Christopher Sabec
Co-Founder at Rightscorp, Inc.
ADVISORS & CONSULTANTS:
Advisor
Malcolm Casselle
Chief Executive Officer at BIGtoken, Inc.
Advisor
James Caparro
Executive Vice President at T. J. Martell Foundation
Advisor
Peter T. Paterno
Partner at King, Holmes, Paterno & Berliner LLP