AMERICAN FILMS INC - AMFL STOCK NEWS

American Films, Inc. (OTC PINK:AMFL) announced that its subsidiary, Facterra LLC, has signed a significant anti-piracy service contract with a major copyright holder in the film and television sector. This contract enables Facterra to combat digital piracy by tracking copyright infringement on global BitTorrent networks and issuing necessary DMCA notices. CEO Geoff Lee highlighted that this milestone contract is expected to create long-term, sustainable revenue, enhancing shareholder value while fulfilling their mission to support copyright holders worldwide.

American Films, Inc. (OTC PINK: AMFL) released its 2023 investor deck on January 13, 2023, highlighting the company's strategies and value proposition. The investor deck is available on the Company's website for reference. American Films focuses on owning, developing, and acquiring intellectual property, seeking to monetize it through advanced technology, rights enforcement, and asset digitization. The company implements FACTERRA, a web-based program designed to identify copyright infringements, aiding in the enforcement of intellectual property rights, particularly in the film and music industries.

American Films, Inc. (OTC PINK:AMFL) announced the development of a blockchain registration website for copyright owners, aiming to enhance protection for intellectual property (IP) using a subscription model. This platform will initially utilize the Solana blockchain, with future plans for Ravencoin and others. The service will facilitate data monitoring and provide legal support for copyright infringement cases, allowing IP owners to engage with law firms at no upfront cost. The site is expected to launch by year-end 2022, presenting revenue growth opportunities for the company.

American Films, Inc. (OTC PINK:AMFL) has filed a lawsuit against Rightscorp, Inc. and its CEO, Cecil B. Kyte, to recover over $15 million. The lawsuit claims that Rightscorp lured AFI into an acquisition transaction, using confidential information for profit. Additionally, AFI is considering a shareholder rights action against Rightscorp for the benefit of all its shareholders. The lawsuit was filed in the Circuit Court of Collier County, Florida (Case Number 2021-CA-000817). AFI employs proprietary technology like FACTERRA to enforce intellectual property rights.

American Films, Inc. (AMFL) has announced the redemption of 13,421,000 shares of its common stock, effectively reducing the total shares outstanding by approximately 20%. Additionally, the company has successfully cut its legacy debt by over $1.2 million, approximately 68%, since the end of fiscal year 2021. CFO Jamie Warren stated that these efforts are aimed at improving the company's financial health, while President Geoff Lee emphasized the relevance of these steps to enhance shareholder value and support the company's growth strategy in intellectual property protection and monetization.

American Films, Inc. (OTC PINK:AMFL) has announced significant changes to its board of directors. Craig Campbell has been elected as the new chairman, replacing John Carty, who stepped down on July 27, 2022. CEO Geoff Lee expressed gratitude for Carty's contributions and emphasized confidence in Campbell's leadership as the company continues its strategy on intellectual property protection and monetization. American Films focuses on acquiring and monetizing intellectual properties through proprietary technology, litigation, and asset digitization.

American Films (OTC PINK:AMFL) announced that CEO Geoff Lee has joined the Vital4 Advisory Board, enhancing strategic partnerships in global risk and compliance technology. Vital4 specializes in protecting against financial crimes and offers AI-driven compliance solutions. Lee's 30+ years of experience in data security aligns with Vital4's mission. His appointment is seen as a significant move as American Films expands its efforts against copyright infringement and piracy, strengthening leadership and expertise in the industry.

American Films, Inc. (OTC PINK:AMFL) released its Q1 2022 investor deck detailing company highlights and strategy. The company specializes in acquiring and developing intellectual property, aiming to monetize it through proprietary technology, litigation, and asset digitization. Key to their strategy is FACTERRA, a web-based program designed to identify copyright infringement instances, facilitating litigation protection for copyright owners. For further details, the investor presentation is available online.