Sanwire Corporation Provides Revenue Guidance For Second Quarter Ended June 30, 2020
Los Angeles, CA -- July 7, 2020 --
InvestorsHub NewsWire -- Sanwire Corporation, (“Sanwire” or
the “Company”) (OTC:
SNWR), a diversified company focused on the entertainment
industry, is pleased to provide revenue growth and guidance for its
subsidiary Intercept Music, Inc. (“Intercept”) and Art is War
Records label (“AIW Records”) on a consolidated basis for the
second quarter ended June 30, 2020.
Sanwire’s revenues for the quarter ended
June 30, 2020 have increased approximately 300% since it acquired
Intercept on March 5, 2020 and AIW Records on June 9, 2020. Sanwire
will be publishing its second quarter financial statements in the
coming weeks. All figures are unaudited and based on a consolidated
basis.
Sanwire’s second quarter revenues
encompass one whole quarter for Intercept (April-June 2020) and
approximately three weeks of AIW Records June 9-30, 2020. In its
first quarter financial statements, Sanwire reported Intercept
revenues for the period March 5-31, 2020 on a consolidated
basis.
Revenue growth is attributed to an
increase in Intercept’s customer acquisition as well as its
introduction of the Intercept PLUS program. Revenue is expected to
continue to grow in the third quarter of 2020 from the rapid
expansion of its Intercept Plus program, including physical
distribution and retail stores as well as through its acquisition
of the AIW Record label.
Additionally, Intercept announced it has
expanded its service offerings and expanded its social media reach
for artists through its agreement with a UK-based company to offer
rapid-fire publishing and scheduling to the world’s most popular
platforms, including Instagram, Facebook Groups and Pages, Twitter,
Linked-In and YouTube, among others, along with campaign and
graphic design support. More information on this service will be
announced once product integration has been
completed.
“The independent music artist market
continues to grow and is prime for our business model,” said Tod
Turner, President of Intercept. “Our revenue growth is a true
testament that our product offering is getting traction in the
music industry.”
Intercept’s online platform is dedicated
to helping independent artists and bands effectively distribute,
promote, and earn income from their music. Intercept’s platform
gives artists immediate access to hundreds of digital stores and
every major streaming platform, including Spotify, Apple Music,
Amazon Music, Pandora and Google Music. In addition to powerful DIY
social media marketing and promotional tools available on a monthly
subscription model, the invitation-only Intercept Plus program
offers fully managed promotional services, including the
opportunity to sell merchandise through branded online
stores.
About Intercept Music,
Inc.
Intercept Music, Inc. is an entertainment
technology company dedicated to helping independent artists
effectively distribute, market, and monetize their music. Sold
through a Software as a Service (Saas) model, Intercept’s online
platform delivers an unsurpassed combination of marketing,
promotion, and distribution to hundreds of stores worldwide and
every major streaming service, including Apple Music, Google Music,
Pandora and Spotify. Intercept’s options include full-service,
concierge-style support and even one-on-one coaching from
award-winning music industry professionals. Intercept focuses
exclusively on the independent music market, which is estimated at
12 million artists, and is the fastest-growing sector of the music
industry. For more information, visit interceptmusic.com.
About Sanwire
Corporation
Sanwire
Corporation (OTC:
SNWR), 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. Our current focus is advanced
entertainment technologies. 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.
Sanwire (PK) (USOTC:SNWR)
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Sanwire (PK) (USOTC:SNWR)
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