Intercept Music, a subsidiary of Sanwire Corp (OTCMKTS:SNWR), announced a new partnership with Sapphire Records, on October 18, 2022. The success of Sapphire Records is due to multi-platinum artist and Grammy-nominated producer, David Veslocki.
On Tuesday, SNWR stock ended flat at $0.0051 with more than 4 shares, compared to its average volume of 69.45K shares. The stock moved within a range of $0.0051 – 0.0051 after opening trade at $0.0051.
Sanwire Corporation’s Wholly Owned Subsidiary Intercept Music Announces Partnership with Sapphire Records and Grammy Award/Multi-Billboard Chart Winner David Veslocki
Veslocki is a guitarist, producer, songwriter and label executive, earning several number-one spots on the Billboard Chart in over 50 countries. He has even contributed to numerous Emmy and Oscar-nominated film and show credits, won first place at the International Songwriting Competition and released songs with RCA Records, Atlantic Records, Sony Records, Kontor Records, and 300 Records, along with more remarkable accomplishments.
Sapphire Records will build upon the Intercept Music platform, utilizing global distribution, marketing offerings such as playlisting, DJ pools, social media advertising, and professional services such as custom merchandise design. The latter is to offer physical distribution to retailers such as Barnes and Noble and Walmart.
Thanks to this partnership, Intercept Music can expand offerings to include beat licensing, feature contracting, music mastering services, future audio-visual sync opportunities, and more. The one-stop solutions company also provides appealing elements for artists such as real-time data analytics with 100% transparency.
Veslocki is certain that the new partnership model will give artists around the world, access to the music industry at their fingertips. Tod Turner, President and CEO of Intercept Music, is equally thrilled to join hands with Veslocki, due to his deep understanding from both sides as a performing artist and label manager.
SNWR stock is trading below the 20-Day and 50-Day Moving averages of $0.0064 and $0.0069 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0077. The company has a total market capitalization of $239K.