Rightscorp, Inc. Advances OTC Markets Compliance Process

Rhea-AI Summary

Rightscorp, Inc. (OTC PINK:RIHT) has announced a shift to a limited information filer status on OTC Markets, allowing the removal of certain warning notices. The company previously filed a Form 15 in March 2018 to minimize legal costs and is now poised to resume reporting requirements. The impacts of Covid-19 delayed litigation services but are expected to recover soon. Rightscorp aims to become a fully SEC reporting company, monetizing copyrighted Intellectual Property through its innovative digital loss prevention technology, targeting a significant market opportunity of approximately $2.3 billion.

Positive

• Achieved 'limited information' filer status, removing warning notices.
• Avoided highly dilutive fundraising over the past 3.5 years.
• Expecting to resume litigation services and contract negotiations soon.
• Aiming to become a fully SEC reporting company with audited financials.

Negative

• Covid-19 caused delays in litigation services since February 2020.
• -

Rightscorp moving forward to obtain full current pink status

CARSON CITY, NV / ACCESSWIRE / September 24, 2021 / Rightscorp, Inc. (A Nevada Corporation) (OTC PINK:RIHT); is pleased to announce confirmation from OTC Markets that it has provided adequate information to be classified as a "limited information" filer on OTC Markets. Furthermore, our upgraded status change facilitated the removal of certain warning notices related to its shares. We voluntary filed a form 15 in March of 2018, an effort to reduce legal and accounting fees. This put the company in a position to more efficiently reestablish reporting requirements when we see it as a timely and value enhancing option. Therefore, Rightscorp preserved its treasury by avoiding highly dilutive fundraising during the past 3.5 years.

Furthermore, the unforeseen impacts of Covid-19 further prompted the Form 15 filing as we endured unanticipated delays since February, 2020, with our litigation services model. Had our client(s) pending cases gone to trial as originally scheduled, we could have anticipated further delivery on additional litigation services contracts. However, we expect that litigation will resume in the next few months coupled with our ability to resume contract negotiations. Additionally, our notice-settlement model will immediately be re-visited.

We are essentially coming out of hibernation starting with our change in status with OTC Markets, ongoing contract negotiations, and ultimately achieving our goal of becoming a fully SEC reporting company with audited financial statements (OTCBB).

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
805-319-8919
markusrainak@rightscorp.com

SOURCE: Rightscorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/665386/Rightscorp-Inc-Advances-OTC-Markets-Compliance-Process

FAQ

What is Rightscorp's stock symbol?

Rightscorp's stock symbol is RIHT.

What new status did Rightscorp achieve on OTC Markets?

Rightscorp achieved a 'limited information' filer status.

What major challenges has Rightscorp faced recently?

Rightscorp faced delays in litigation services due to Covid-19.

What market opportunity is Rightscorp pursuing?

Rightscorp is pursuing an estimated $2.3 billion opportunity in copyright monetization.

When did Rightscorp file a Form 15?

Rightscorp filed a Form 15 in March 2018.