Cash Flow: The Net Cash provided by operating activities
was $61,283, and the Net Cash Increase for the period was $42,179,
resulting in a Cash Balance of $43,175 at the end of the
period.
Statement from the Management
"We are extremely pleased with our Q1 2023 financial results,"
said Jake P. Noch, CEO of Music Licensing, Inc. "Our impressive
revenues and robust net income demonstrate our commitment to
driving growth and creating shareholder value. Our strong balance
sheet and low liabilities position us well for future growth and
expansion."
About Music Licensing, Inc.
Music Licensing, Inc. (OTC:
SONG), also known as Pro Music Rights, is the 5th public
performance rights organization (PRO) to be formed in the United
States. Its licensees include notable companies such as TikTok,
iHeart Media, Triller, Napster, 7Digital, Vevo, and many others.
Pro Music Rights holds an estimated market share of 7.4% in the
United States, representing over 2,500,000 works that feature
notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young
Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trae
Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex
Luger, 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,
Fall Out Boy, and countless others, as well as Artificial
Intelligence (A.I.) Created Music.
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.
Contact: investors@ProMusicRights.com