Image Protect Inc. (OTC:IMTL) Stock Surges After Unveiling Ambitious Plans
On Thursday, Image Protect Inc. (OTC:IMTL) was one of the companies that had been in focus after the company provided a year-end review along with its subsidiary unit, Review Control Reputation Management.
The company, a major player in the online review and reputation management space, highlighted the achievements of the year and provided a glimpse into the expectations for 2024. The company noted that through the course of 2023, it had been successful in steering through important filings for the achievement of pink current status on the OTC markets. It was a major moment in its journey as a company.
In September 2023, the company completed the acquisition of Review Control Reputation Management in a strategic move. The acquisition was a crucial one since it further strengthened Image Protect’s presence in the online review and reputation management industry. The acquisition also provided the company with a sizeable customer base to go along with a strong subscription revenue base.
On December 4, the company was successful in the completion of Phase 1 Corporate Clean Up, an operation that was concerned with taking care of critical elements of the business so as to boost shareholder value. Some of the key initiatives of the operation included the retirement of debt, a commitment not to go for a reverse stock split, and a freeze on the issuance of more authorized shares, among others.
The company noted that these actions were meant to boost the confidence of shareholders in the sustained upward trajectory of Image Protect. Additionally, it was noted that the review control acquisition was in perfect alignment with the mission of the company to protect the online reputation and image of its corporate clients. Review Control was priced competitively, and the company anticipated that it would pick up significant market share in the multibillion-dollar online review space in 2024.
