NetworkNewsBreaks – Sanwire Corp. (SNWR) Issues Shareholder Update
Sanwire (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, together with its 100% wholly owned subsidiary, Intercept Music Inc., today provided a shareholder update. Per the update, Sanwire has reached an agreement with a major shareholder/company officer to retire 100 million common shares, effective immediately. The retirement of shares coupled with the cancellation of over $1,000,000 of debt, including the cancellation of over $400,000 of convertible notes and interest in 2020, has greatly improved Sanwire’s balance sheet and enhanced its ability to attract senior institutional investors. Among the highlights from fiscal 2020 at Intercept, the company reported consistent quarter-over-quarter sales growth, expansion of its product testing to over 300 artists and release of version 2.0 of its software platform, including social media marketing and online stores for high-caliber artists.
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Sanwire (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, together with its 100% wholly owned subsidiary, Intercept Music Inc., today provided a shareholder update. Per the update, Sanwire has reached an agreement with a major shareholder/company officer to retire 100 million common shares, effective immediately. The retirement of shares coupled with the cancellation of over $1,000,000 of debt, including the cancellation of over $400,000 of convertible notes and interest in 2020, has greatly improved Sanwire’s balance sheet and enhanced its ability to attract senior institutional investors. Among the highlights from fiscal 2020 at Intercept, the company reported consistent quarter-over-quarter sales growth, expansion of its product testing to over 300 artists and release of version 2.0 of its software platform, including social media marketing and online stores for high-caliber artists.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
