SANWIRE CORPORATION - SNWR STOCK NEWS

Intercept Music has launched a new Label Incubator Program aimed at helping recording artists referred by music labels. This program provides marketing and distribution services to enhance the artists' online presence and facilitate their development towards a recording contract. It allows independent artists to access benefits akin to traditional labels, including enhanced promotional opportunities and a significant online distribution network. The initiative is funded through profit partnerships with artists, increasing both reach and potential for success.

Sanwire Corporation (OTC PINK:SNWR) has announced the retirement of approximately $750,000 in debt from various stakeholders, including founding members and early investors of its subsidiary, Intercept Music. This marks the company’s second debt retirement in 2020, totaling around $1,165,000 for the year. The debt reduction is aimed at enhancing the company’s balance sheet and facilitating strategic growth opportunities, including partnerships and market expansion. Intercept's platform serves independent artists, providing distribution and promotional services across major streaming platforms.

Intercept Music, Inc., a subsidiary of Sanwire Corporation (OTC PINK:SNWR), announced the expansion of its physical distribution network to include major retailers like Amazon International, Target.com, and Barnes & Noble. This complements its existing digital distribution, enhancing revenue opportunities for independent artists. Physical music sales represented over $1.1 billion, accounting for 20% of music revenue in 2019. The platform offers comprehensive services, including marketing and merchandise sales, to support independent artists in monetizing their music effectively.

Sanwire Corporation (OTC PINK:SNWR) is gaining attention for its subsidiary, Intercept Music, Inc., featured on QualityStocks. Intercept has shifted from development to revenue generation, focusing on growth through market penetration and partnerships. The company plans to attract seasoned investors to improve its balance sheet while minimizing shareholder dilution. Intercept's platform supports independent artists in distributing and promoting their music across major streaming services like Spotify and Apple Music.

Intercept Music, a subsidiary of Sanwire Corporation (OTC PINK:SNWR), has launched version 2.0 of its software platform aimed at enhancing client experience and driving revenue. This upgrade allows artists to analyze streaming metrics, assess marketing impacts across social media, and access over 20 new digital retailers. Despite global challenges, the platform promises improved productivity tools for independent artists. It includes powerful marketing options and access to major streaming services, emphasizing a growing market estimated at 12 million independent artists.

Sanwire Corporation (OTC PINK:SNWR) announced that its subsidiary Intercept Music has entered into a service agreement with Notting Hill Music to distribute tracks from artists Dominique Young Unique and Enimal. Intercept will leverage its marketing and promotional services to support these releases. This partnership aims to provide independent artists with comprehensive support, combining Notting Hill's extensive industry experience with Intercept's digital distribution capabilities across major platforms. This move positions Sanwire to capitalize on the rapidly growing independent music market.

Sanwire Corporation (OTC PINK: SNWR) has appointed Jim Urie, former president and CEO of Universal Music Group Distribution, to its subsidiary Intercept Music's board of directors. With over 40 years of experience, Urie played a pivotal role in shifting the industry from physical to digital distribution. His expertise is expected to enhance Intercept's support for independent artists through their comprehensive online platform, which offers access to major streaming services and promotional tools. This strategic appointment aims to strengthen the company’s market position.

LOS ANGELES, CA / ACCESSWIRE / August 24, 2020 / Intercept Music, part of Sanwire Corporation (OTC PINK:SNWR), has successfully launched the Intercept PLUS label services program, onboarding 25 bands and distributing over 20 million streams. The program, designed for bands with at least 10,000 fans, aims for gross receipts of $30,000 annually per band. Intercept manages multiple revenue streams while enabling artists to retain control over their careers. The company has a backlog of bands, including a prominent Grammy-winning act, set to join soon.

Sanwire Corporation (OTC PINK:SNWR) announced the retirement of $415,000 in long-term debt, converting a convertible note into Series C Preferred Stock. This debt retirement, impacting over 34% of their long-term obligations, is part of a plan to strengthen the balance sheet and attract investors. CEO Chris Whitcomb highlighted potential for enhanced service offerings and growth via its subsidiary, Intercept Music, which focuses on independent artist support and is rapidly transitioning to revenue generation. The financial impact will be detailed in upcoming filings.