Music Licensing, Inc. Reconfirms Buyback and Clarifies Reverse Stock Split Position Amidst Unfounded Rumors

Rhea-AI Summary

Music Licensing, Inc. (SONG) reconfirms buyback program commitment and addresses reverse stock split rumors. CEO Jake P. Noch takes legal action against misinformation. Outstanding common stock shares remain at 802,635,215 as of December 13, 2023.

Naples, Florida--(Newsfile Corp. - December 13, 2023) - Music Licensing, Inc. (OTC PINK: SONG), a leader in the music industry, has issued a statement today to reconfirm its commitment to the buyback program and address recent rumors surrounding a reverse stock split. The company remains steadfast in its goals and is taking legal action against those disseminating misinformation, unfounded allegations, and defamatory statements.

Jake P. Noch, CEO of Music Licensing, Inc., is leading the charge against false claims, stating, "We have zero tolerance for baseless rumors and are committed to protecting the integrity of our company. Legal action will be taken against any party involved in spreading misinformation that harms our reputation and shareholder trust."

As of December 13, 2023, the number of outstanding common stock shares remains unchanged at 802,635,215 shares. The company emphasizes that the reverse stock split is a strategic move aimed at consolidating shares, with no impact on the overall valuation of the company.

"A reverse stock split is not about dilution but rather a consolidation of shares to enhance shareholder value and uplift our stock from the 'penny stock' classification. We want to assure our shareholders that the number of shares may reduce, but the value and essence of their holdings remain intact," explained Noch.

Furthermore, the company plans to allocate 25% of net recoverables from its ongoing licensing enforcement and collection campaign into an open-market common stock buyback program. This initiative aligns with Music Licensing, Inc.'s commitment to delivering value to its shareholders.

In addition, Music Licensing, Inc. is diversifying its revenue streams through the acquisition of Music IP royalty stakes. The strategic moves underscore the company's long-term vision and commitment to growth.

Amid recent challenges in investor outreach, the company has decided to change its approach and will no longer engage with individuals directly on social media platforms. This decision is in response to the abuse of the company's goodwill by those attempting to use statements made by the company to spread confusion and misinformation.

Noch reiterated, "Our commitment to transparency remains unchanged. However, due to recent abuse, we are shifting our investor outreach strategy to more controlled and formal channels."

Music Licensing, Inc. affirms its dedication to its shareholders and the integrity of its operations. Legal action is imminent against those involved in spreading false information, with the first lawsuit expected to be filed in federal court on Friday or Monday.

About Music Licensing, Inc. (OTC PINK: SONG) (ProMusicRights.com)

Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created Music.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Non-Legal Advice Disclosure:

This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

Non-Investment Advice Disclosure:

This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

Contact: investors@ProMusicRights.com

SOURCE: Music Licensing, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/190891

FAQ

What is the latest statement issued by Music Licensing, Inc. (SONG)?

Music Licensing, Inc. (SONG) reconfirmed its commitment to the buyback program and addressed recent rumors surrounding a reverse stock split.

Who is leading the charge against false claims at Music Licensing, Inc. (SONG)?

Jake P. Noch, CEO of Music Licensing, Inc., is leading the charge against false claims.

What is the current number of outstanding common stock shares at Music Licensing, Inc. (SONG)?

As of December 13, 2023, the number of outstanding common stock shares remains unchanged at 802,635,215 shares.

Is the reverse stock split announced by Music Licensing, Inc. (SONG) going to impact the overall valuation of the company?

The company emphasizes that the reverse stock split is a strategic move aimed at consolidating shares, with no impact on the overall valuation of the company.