Sanwire Corp Stock Price, News & Analysis

Sanwire (OTC: SNWR) has announced the engagement of Fruci & Associates II, PLLC, a PCAOB-registered auditor and accounting firm, to conduct a two-year audit of the company's financial statements. This move is in preparation for filing Form 10 with the SEC to attain fully reporting issuer status.

Ron Hughes, President and CEO of Sanwire, stated that completing this audit will be a major milestone and a springboard to becoming a fully reporting company, providing transparency to shareholders and attracting sophisticated investors. Sanwire is a diversified company focusing on aggregating technologies across various industries, with its subsidiary Intercept Music Inc. operating in the entertainment technology sector using a SaaS model.

Sanwire Corporation (OTC PINK:SNWR) reported a remarkable 240% revenue growth for fiscal year 2022, primarily driven by its subsidiary, Intercept Music Inc. Key successes include a 430% increase in streaming to 130 million and new industry partnerships. Over $1.2 million was raised for product development and marketing. The fourth quarter alone matched the previous three quarters in performance, indicating strong momentum. Future revenue growth is anticipated, with ongoing marketing campaigns and new partnerships, further solidifying Intercept Music's position in the dynamic music industry.

Intercept Music, a subsidiary of Sanwire Corporation (OTC PINK:SNWR), has announced a strategic partnership with 1Pic Entertainment and the Coolio Estate for the release of ten new singles and Coolio's first posthumous album. Coolio, who passed away in September 2022, was a multi-platinum artist known for hits like Gangsta's Paradise and had over 13 million monthly listeners on Spotify.

The first single, Tag You It, features artists Too Short and DJ Wino. Intercept Music aims to generate significant streaming revenues from this collaboration, which underscores the importance of Coolio's legacy in the music industry.

Sanwire Corporation (OTC PINK:SNWR) has established a content licensing and distribution partnership with Vevo, enhancing its subsidiary Intercept Music Inc.'s offerings. This partnership enables Intercept's customers, artists, and labels to create and distribute music videos directly to Vevo's extensive network. Vevo provides promotional support, including cross-promotional opportunities on its platform. This collaboration aims to empower independent artists to reach wider audiences, thereby increasing their market presence and potential revenue. CEO statements emphasize the strategic advantage this partnership creates for artists.

Sanwire Corporation (OTC PINK:SNWR) reported a record-breaking third quarter 2022 with revenues soaring 250% compared to the previous quarter, and up 350% year-over-year. The company's revenue growth is driven by its expanding marketing services, a robust dashboard, and a commitment to data transparency. Additionally, Sanwire has entered the Latin market, enhancing its service offerings and partnerships. The firm anticipates further growth with new marketing services and partnerships planned for 2023, solidifying its position in the entertainment technology sector.

Sanwire Corporation (OTC PINK:SNWR) announces its subsidiary Intercept Music has partnered with Digital DJ Pool, a major DJ network. This collaboration aims to enhance music exposure for independent artists by leveraging connections with over 5,000 DJs and 40,000 nightclubs worldwide. Intercept's service guarantees artists at least 500 spins and detailed feedback from industry tastemakers. The company anticipates increased revenues from live streaming, possibly starting in Q4 2022. This partnership aligns with Sanwire's growth strategy in the entertainment technology sector.

Intercept Music has partnered with Sapphire Records and its subsidiaries to launch two new music labels. This partnership, led by Grammy-nominated producer David Veslocki, aims to enhance global distribution and marketing services for artists. Sapphire Records will leverage Intercept Music’s platform to offer services like beat licensing, music mastering, and real-time data analytics. The new labels, Event Horizon and Constellation, will focus on providing tailored marketing services for indie artists, expanding Intercept's offerings in the entertainment industry.