Sanwire Corporation Provides Shareholder Update and Business Plan Rollout
May 04 2020 - 07:04AM
InvestorsHub NewsWire
LOS ANGELES, CA -- May
4, 2020 -- InvestorsHub NewsWire
-- Sanwire Corporation
(“Sanwire” or the “Company”) (OTC:
SNWR), a diversified company
with a focus on the entertainment industry, is pleased to provide
the following corporate update
to its valued current and future
shareholders.
January – April, 2020
Review
- On March 24, 2020,
Sanwire announced the acquisition closing of Intercept Music, Inc.
(“Intercept”) for Sanwire’s equity. Intercept will operate, with
its own leadership team, as a 100% wholly owned subsidiary of
Sanwire. Intercept is an entertainment technology company that
sells and markets its product offering utilizing the Software as a
Service (“SaaS”) model. In the crowded music marketplace today, 12
million artists are competing for fans and audiences that have
almost unlimited access to music, whether from streaming services
or online retailers. Intercept's software platform delivers an
unsurpassed combination of distribution, marketing and expert
coaching, empowering artists to connect with new audiences, measure
their results and distribute and monetize their music like never
before.
- On April 2, 2020,
Intercept launched a new music label services program (“Label
Services”) to deliver the benefits of traditional music label
services at a fraction of the cost. With the new Label Services
suite, independent artists can access the full range of benefits
traditionally offered by a music label, while driving their own
careers and maximizing revenue. Among the Label Services functions
launched are enhanced promotional and merchandising opportunities,
including playlisting, customized advertising, licensing, and much
more.
- On April 9, 2020,
Intercept announced significant enhancements to its brand
ambassador program by making available its entire roster of
recording-industry ambassadors for consulting services to the
independent artist community, giving artists the kind of access
that may take years to develop at a major label. Intercept's cohort
of ambassadors has amassed a collective 100-plus Grammy Awards and
other industry recognitions, working with global artists from Jay-Z
and Brad Paisley to Shakira, among dozens of others, in the full
spectrum of genres.
- On April 17, 2020,
Intercept signed music executive and radio programmer Dave Sholin
as its latest brand ambassador. Mr. Sholin has built a track record
befitting his place as a member of the Rock N' Roll Hall of Fame,
where he was inducted as a charter member in
1995.
- On April 22, 2020,
Intercept signed an enhanced online marketing and distribution
services agreement with Madison, Wisconsin-based rhythm and blues
band, The Jimmys. A festival favorite for more than a decade, The
Jimmys is a powerhouse band that has performed throughout the U.S.,
Canada, Europe and the Caribbean. Led by multiple-time "Keyboardist
of the Year" winner Jimmy Voegeli, the band has amassed numerous
recognitions for their musicianship and showmanship, including most
recently "Best of Madison 2020" by Madison Magazine; nomination for
Artist of the Year, Horn/Big Band of the Year, Bassist of the Year,
and Reeds/Brass of the Year by Wisconsin Area Music Industry; two
nominations for Blues Blast Magazine Music Awards; and induction
into the Madison Area Music Association Hall of
Fame.
Partnerships and Joint
Ventures
Intercept is in early
partnership discussion with a U.K.-based entity that would
significantly enhance Intercept’s market reach and diversify its
social media presence. Intercept hopes to share additional
information in the near future. This partnership could lead to
other potential joint ventures.
On February 10, 2020, Intercept
executed a partnership agreement with Rocket Songs
(www.rocketsongs.com),
whereby Rocket Songs became Intercept’s first member of Intercept’s
new Premium Partner program.
2019 Financial
Statements, Annual Disclosure Statement and Share
Capital
Sanwire recently posted its 2019
financial statements and Annual Disclosure Statement per OTC
Markets, Inc.’s Disclosure Guidelines. Sanwire’s next filing will
be financial statements for the first quarter ended March 31, 2020
and will include Intercept’s revenues and expenses as at
acquisition closing date of March 24, 2020; hence about one week’s
worth. The second quarter of 2020 (ending in June 30th)
will include one whole quarter of Intercept’s revenues and
expenses. Sanwire is current with its
filings.
As of the date of this press
release, Sanwire’s total outstanding common shares are 594,603,147
which include all share issuances to acquire Intercept. Total
outstanding common shares are composed of 567,811,665 restricted
common shares and 26,791,482 non-restricted common
shares.
About Intercept Music,
Inc.
Intercept Music, Inc.
is an entertainment technology company that sells and markets its
product offering utilizing the Software as a Service (“SaaS”)
model. In the crowded music marketplace today, 12 million artists
are competing for fans and audiences that have almost unlimited
access to music, whether from streaming services or online
retailers. Intercept's software platform delivers an unsurpassed
combination of distribution, marketing and expert coaching,
empowering artists to connect with new audiences, measure their
results and distribute and monetize their music like never before.
For more information, visit interceptmusic.com.
About Sanwire
Corporation
Sanwire
Corporation, a diversified company
with a focus on the entertainment
industry, has been involved in aggregating technologies for a
number of years. We look for opportunities in fragmented markets,
where technology can be applied to consolidate services into a
single platform of delivery. For more information,
visit sanwirecorporation.com.
For further inquiries,
contact ir@sanwirecorporation.com,
casper.casparian@interceptmusic.com,
or (424)
835-0833.
Safe Harbor
Statement
Forward-Looking
Statements are included within the meaning of Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Act of
1934, as amended. All statements regarding our expected future
financial positions, results of operations, cash flows, financing
plans, business strategy, products and services, competitive
positions, growth opportunities, plans and objectives of management
for future operations, listing on the OTC Markets, including words
such as "anticipate," "if," "believe," "plan," "estimate,"
"expect," "intend," "may," "could," "should," "will," and other
similar expressions are forward-looking statements and involve
risks, uncertainties, and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
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