SANTA MONICA, Calif.,
Aug. 21, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), is pleased to announce changes to its
Board and management structure, effective immediately. Rightscorp
has named its independent Board Member Brett M. Johnson as
Chairman. In addition, the Company appointed its current Chief
Operating Officer, Robert Steele, as
President.
Christopher Sabec, CEO of Rightscorp, commented, "We are
broadening our Board and appointing our independent Director as
Chairman. This will allow the Board to better serve the
shareholders as Brett will be able to hold management accountable
from an unbiased standpoint."
Mr. Sabec continued, "As Co-Founder of Rightscorp, Robert has
developed a great majority of the Company's patent pending
technology and been instrumental in the rollout and success of our
business. Holding the executive position as President will allow
him to better represent the Company with Internet Service Providers
(ISPs), our clients, and our shareholders."
Brett joins as the Chairman of the Board with extensive public,
private and non-profit Board Member experience, and has
demonstrated experience and success managing all operational
disciplines. He has an exceptional track record growing companies
globally through sales, marketing, team building, product
introductions, customer development and international
expansion. In 2005, he founded Benevolent Capital Partners, a
$50 million private equity and
consulting company providing capital and operational expertise with
investments in real estate, manufacturing and consumer brands,
including Yak Pak, TerraCycle and Octagon Partners.
From 2010 to August 2012, Brett
was the CEO and President of Forward Industries. Forward Industries
designs, sources, markets and distributes accessories for the
handheld consumer electronics industry, including smartphones,
tablets, notebook computers and medical monitoring and diagnostic
equipment. Prior to that, Brett served as Executive Director of the
Board and Managing Director before being appointed as President of
Targus, the leading global provider of mobile computing solutions
with sales of $545 million. Brett has
a bachelor's degree from Brown
University and an Executive Masters of Business
Administration (EMBA) from Pepperdine University. Brett is a
graduate of the Harvard Business
School's President's Program in Leadership and a member of
the Young President's Organization (YPO).
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, books 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, Inc.