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|Rosetta Stone Praises Senate Judiciary Committee for Introduction of the PROTECT IP Act|
ARLINGTON, Va., May 13, 2011 (BUSINESS WIRE) --
Rosetta Stone Inc. (NYSE:RST), a leading provider of technology-based language-learning solutions, today commended the U.S. Senate Judiciary Committee for the introduction of the Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act, or PROTECT IP Act, legislation intended to combat internet piracy and curtail the proliferation of websites dedicated to the sale of counterfeit products. Introduced yesterday with bipartisan support, the PROTECT IP Act comes three months after Rosetta Stone CEO Tom Adams testified before the Senate Judiciary Committee in support of the Committee's efforts to introduce meaningful anti-piracy legislation.
As Tom Adams previously testified to the Senate Judiciary Committee, "the magnitude of the problem we face from the sale of pirated copies of our products on the Internet cannot be understated." Committed to curbing the illegal activities of rogue websites, Rosetta Stone has detected and issued take down notices against more than 1000 rogue websites during the last 18 months.
"We applaud the leadership of Chairman Leahy, Ranking Member Grassley and the bill's co-sponsors for their swift call to arms and introduction of legislation to protect American businesses from the rampant IP theft committed by rogue websites," said Michael Wu, general counsel and corporate secretary of Rosetta Stone. "The introduction of the PROTECT IP Act comes at a crucial time when global PC software theft has grown to a record $59 billion1."
In recent years pirates have found a legal safe-haven in cyberspace, hosting websites outside of the U.S. American businesses, jobs, consumers and economy all have been affected by online piracy. "Piracy has no bounds and the people harmed by online theft is growing exponentially in the Information Age," Adams commented. "Now is the time to strengthen consumer confidence in our global economy, to ensure that innovation is protected and rewarded and to make the PROTECT IP Act a priority and a reality. Therefore, we urge the House of Representatives under the leadership of Representative Bob Goodlatte (R-VA) to work with the Senate Judiciary Committee to enact legislation to combat websites that are used to distribute or provide access to infringing products."
To report piracy of Rosetta Stone products or inquire about the legitimacy of Rosetta Stone products, consumers can e-mail piracy@RosettaStone.com. Information on the PROTECT IP Act and the campaign against online piracy also can be found at www.fightonlinetheft.com.
About Rosetta Stone
Rosetta Stone Inc. is changing the way the world learns languages. Rosetta Stone provides interactive solutions that are acclaimed for the power to unlock the natural language-learning ability in everyone. Available in more than 30 languages, Rosetta Stone language-learning solutions are used by schools, organizations and millions of individuals in over 150 countries throughout the world. The company was founded in 1992 on the core beliefs that learning a language should be natural and instinctive and that interactive technology can replicate and activate the immersion method powerfully for learners of any age. The company is based in Arlington, Va. For more information, visit RosettaStone.com.
SOURCE: Rosetta Stone Inc.
Rosetta Stone Inc.
|"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Rosetta Stone PR's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.|