It is no mystery that innovative companies are almost always on the radars of investors, and that is because of the fact that they can often deliver outsized returns. One of the companies in the category that could be in focus today is Image Protect Inc. (OTC:IMTL), which made a major new announcement this morning with regards to a transaction. We take a closer look here.
The Announcement
The company came into focus this morning that close on the heels of its Change in Control transaction it had managed to secure the initial funding with regards to its subsidiaries. The two subsidiaries in question are Review Control and 2CentTexts.com. In the news release, it was announced that the round of funding would be in the form of a non-convertible note with an interest rate of 8% on an annual basis. The initial tranche of funding had been secured by MJW Capital Funding LLC for Image Protect and its subsidiaries.
Further Information
The latest information about the funding of its two subsidiaries was a significant new development for the company. In light of the announcement, it could be a good time for investors to consider adding the Image Protect stock to their watch lists.
CEO Quote
Mr. Ballas, current CEO, commented, I cannot thank Michael Walsh enough for his professionalism throughout this process. The initial funding needed to launch our products and services into the business-to-business online review and text message market segments has made our team very excited. Our services were designed to serve every business regardless of size, and our market in the US is over 30 million businesses.
