Image Protect Announces Change in Control Transaction
Image Protect (OTC:IMTL) has announced a significant change in control transaction where MJW Capital Funding , managed by Michael J Walsh, will acquire all outstanding Series A Preferred shares from James A. Ballas. The transaction is expected to close by the end of the week.
Walsh, who holds a BS and MBA from the University of Maryland and has extensive experience with major financial institutions, will bring investment experience, corporate operating expertise, and funding commitments to IMTL. The company operates two subsidiaries: Review Control, a reputation management platform, and 2CentTexts.com, a business text marketing service.
James Ballas will continue as Chairman and CEO during the transition period. The company aims to expand its presence in online review and text message market segments, targeting the potential market of over 30-million US businesses.
Image Protect (OTC:IMTL) ha annunciato un'importante transazione di cambiamento di controllo in cui MJW Capital Funding, gestito da Michael J Walsh, acquisirà tutte le azioni privilegiate di Classe A non ancora emesse da James A. Ballas. Si prevede che la transazione si concluda entro la fine della settimana.
Walsh, che ha conseguito una laurea triennale e un MBA presso l'Università del Maryland e ha una vasta esperienza con importanti istituzioni finanziarie, porterà esperienza negli investimenti, competenze nella gestione aziendale e impegni di finanziamento a IMTL. L'azienda gestisce due sussidiarie: Review Control, una piattaforma di gestione della reputazione, e 2CentTexts.com, un servizio di marketing per messaggi aziendali.
James Ballas continuerà a ricoprire il ruolo di Presidente e CEO durante il periodo di transizione. L'azienda mira ad espandere la propria presenza nei segmenti di mercato delle recensioni online e dei messaggi di testo, puntando a un mercato potenziale di oltre 30 milioni di aziende negli Stati Uniti.
Image Protect (OTC:IMTL) ha anunciado un cambio significativo en la transacción de control en la que MJW Capital Funding, gestionado por Michael J Walsh, adquirirá todas las acciones preferentes de la serie A en circulación de James A. Ballas. Se espera que la transacción se cierre a finales de esta semana.
Walsh, que tiene una licenciatura y un MBA de la Universidad de Maryland y cuenta con una amplia experiencia en importantes instituciones financieras, aportará experiencia en inversiones, conocimientos de operación corporativa y compromisos de financiación a IMTL. La empresa opera dos filiales: Review Control, una plataforma de gestión de reputación, y 2CentTexts.com, un servicio de marketing de mensajes de texto para empresas.
James Ballas continuará como Presidente y CEO durante el período de transición. La empresa tiene como objetivo expandir su presencia en los segmentos de mercado de reseñas en línea y mensajes de texto, centrándose en un mercado potencial de más de 30 millones de empresas en EE. UU.
Image Protect (OTC:IMTL)는 MJW Capital Funding이 Michael J Walsh에 의해 관리되며, James A. Ballas로부터 모든 미발행 A 시리즈 우선주를 인수하는 중요한 변화의 통제 거래를 발표했습니다. 거래는 이번 주 말까지 완료될 것으로 예상됩니다.
Walsh는 메릴랜드 대학교에서 학사 및 MBA를 수료했으며 주요 금융 기관에서의 폭넓은 경험을 가지고 있습니다. 그는 IMTL에 투자 경험, 기업 운영 전문 지식 및 자금 조달 약속을 가져올 것입니다. 이 회사는 두 개의 자회사를 운영하고 있습니다: Review Control, 명성 관리 플랫폼, 및 2CentTexts.com, 비즈니스 문자 마케팅 서비스입니다.
James Ballas는 전환 기간 동안 의장 및 CEO로 계속 일할 것입니다. 이 회사는 온라인 리뷰 및 문자 메시지 시장 부문에서의 존재감을 확장하고 3천만 개 이상의 미국 기업을 대상으로 하는 잠재적 시장에 집중하는 것을 목표로 하고 있습니다.
Image Protect (OTC:IMTL) a annoncé un changement significatif dans une transaction de contrôle où MJW Capital Funding, dirigé par Michael J Walsh, acquerra toutes les actions privilégiées de Série A en circulation de James A. Ballas. La transaction devrait se conclure d'ici la fin de la semaine.
Walsh, qui détient un baccalauréat et un MBA de l'Université du Maryland et possède une vaste expérience avec de grandes institutions financières, apportera son expérience en investissement, son expertise opérationnelle et des engagements de financement à IMTL. L'entreprise possède deux filiales : Review Control, une plateforme de gestion de la réputation, et 2CentTexts.com, un service de marketing par SMS pour entreprises.
James Ballas continuera en tant que Président et CEO durant la période de transition. L'entreprise vise à accroître sa présence dans les segments de marché des critiques en ligne et des messages texte, ciblant un marché potentiel de plus de 30 millions d'entreprises aux États-Unis.
Image Protect (OTC:IMTL) hat eine bedeutende Kontrolltransaktion angekündigt, bei der MJW Capital Funding, geleitet von Michael J Walsh, alle ausstehenden Vorzugsaktien der Serie A von James A. Ballas erwerben wird. Die Transaktion soll bis Ende der Woche abgeschlossen sein.
Walsh, der einen Bachelorabschluss und einen MBA von der University of Maryland hat und umfangreiche Erfahrungen mit großen Finanzinstituten vorweisen kann, wird Investmenterfahrung, betriebliche Expertise und Finanzierungszusagen nach IMTL bringen. Das Unternehmen betreibt zwei Tochtergesellschaften: Review Control, eine Plattform für Reputationsmanagement, und 2CentTexts.com, einen Marketingdienst für Geschäftsnachrichten.
James Ballas wird während der Übergangszeit weiterhin als Vorsitzender und CEO fungieren. Das Unternehmen strebt an, seine Präsenz in den Bereichen Online-Bewertungen und SMS-Marketing auszubauen, wobei es einen potenziellen Markt von über 30 Millionen US-Unternehmen anspricht.
- Acquisition of preferred shares by experienced financial professional with strong background
- Additional capital funding commitment for subsidiaries
- New management brings significant investment and corporate operating expertise
- None.
NEW YORK , Dec. 18, 2024 (GLOBE NEWSWIRE) -- Image Protect, Inc. (OTC:IMTL) (Imageprotectcorporation.com) (“Image Protect” or the “Company”), is pleased to announce that after significant negotiations, the company has reached an agreement for the transfer of all company Preferred Series A shares of stock, as well as additional capital funding of the Image Protect Subsidiaries; Review Control and 2CentTexts.com.
MJW Capital Funding LLC will be acquiring all the outstanding Series A Preferred shares from James A. Ballas in a private transaction. Once the transaction is concluded, the company will upload all necessary Change in Control documents to OTCMarkets.com. It is anticipated that the transaction will close at the end of this week, and the company year-end financials will fully reflect the change in control.
MJW Capital Funding LLC is managed by Michael J Walsh. Before starting MJW Capital Funding LLC, Mr. Walsh received a BS and MBA from the University of Maryland and has managed money with Merrill Lynch, Prudential, Paine Webber, and Oppenheimer before accepting a position as a vice President with Schafer Cullen Capital Management. In addition, MJW Capital Funding LLC has successfully invested in and managed multiple private companies. Mr. Walsh will bring significant investment experience, corporate operating expertise, and certain funding commitments along with this transaction.
Mr. Walsh states: “Upon review, the potential for the Image Protect operating subsidiaries Review Control, and 2CentTexts.com, became very apparent to me. I am very excited about the rapid growth of the digital commerce space, and the prospects for this company to participate and capture its share of this dynamically growing market. I look forward to completing this transaction within the next several days.”
Mr. James Ballas will continue to act as Chairman and CEO for an interim period while the company transitions and positions itself for the future.
Mr. Ballas added, “I am excited that Image Protect will finally get the experienced and solid support that it needs to grow and expand its footprint in the business-to-business online review and text message market segments. Our services were designed to serve every business regardless of size. We are excited to capture our share of the more than 30-million US businesses.”
Image Protect, Inc. remains committed to innovation, growth, and delivering unparalleled solutions in the dynamic landscape of online reputation management and text marketing business services. Follow Image Protect, Inc. to learn more about Review Control Reputation Management and 2CentTexts.com and to stay informed about company developments and growth:
Instagram: @ImageProtectCorp
Corporate updates on X (Formerly Twitter) @IMTLCorp
Company updates on X (Formerly Twitter): @Review_Control
Image Protect, Inc: www.ImageProtectCorporation.com
2CentTexts.com: www.2CentTexts.com
Review Control™: www.ReviewControlCenter.com
Facebook: ImageProtect
Mission Statement: To IMPROVE and PROTECT the online image of our clients.
About Image Protect, Inc.
Image Protect, Inc. is a Technology and Business Services Company, specializing in vitally important Review and Reputation Management for businesses of all types and sizes, as well as individuals who need online reputation assistance. Utilizing proprietary technology applications combined with excellent customer service and support, its newly acquired subsidiaries Review Control™ Reputation Management and 2CentTexts.com, the company has established itself in the space in recent years and continues to grow and penetrate new verticals. New services are currently in development to further the Company’s commitment to providing the very best in review marketing subscription products to the business community.
About Review Control™ Reputation Management
Review Control™ Reputation Management is a proprietary, business-to- business subscription platform that can increase and improve the online reviews of its clients and serves a vital business interest to millions of businesses of all types and sizes. With prices starting at just
About 2CentTexts.com
2CentTexts.com is our newest proprietary, business-to-business text marketing service that allows our clients to capitalize on their success by providing affordable outreach to their existing customer base via targeted text messaging. With both SMS and MMS capabilities, this platform closes communication gaps between business owners and their loyal customers. It also provides the ability to retain those valuable customers with a constant stream of updates, sales and promotions, service reminders and all manner of profitable messaging, increasing incremental sales and revenues.
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
FAQ
What is the significance of MJW Capital Funding acquiring IMTL's Series A Preferred shares?
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