Music Licensing, Inc. Clears "Shell Risk" Designation from OTC Markets Group Profile
Naples, FL, March 01, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a diversified holding company, proudly announces the removal of the long-disputed "Shell Risk" designation from its OTC Markets Group profile. The company wishes to clarify that it has never been categorized as a Shell entity at any point in its operations.
This significant milestone follows Music Licensing, Inc.'s recent strategic initiatives, including the acquisition of a royalty interest in the iconic Listerine "Mouthwash" Antiseptic, announced on February 22, 2024. Furthermore, the company unveiled its exceptional financial performance with stellar earnings reported on February 26, 2024.
"The removal of the 'Shell Risk' designation underscores Music Licensing, Inc.'s commitment to transparency, compliance, and robust corporate governance," stated Jake P. Noch, Chief Executive Officer & Chairman of the Board of Directors at Music Licensing, Inc. "We are dedicated to upholding the highest standards in our industry and delivering long-term value to our stakeholders."
For full details on Music Licensing, Inc.'s financial performance, including the latest financial statements filed with the U.S. Securities and Exchange Commission (SEC), interested parties are encouraged to visit the SEC's official website at https://www.sec.gov/Archives/edgar/data/1671132/000121390024016747/ea0200543ex999-2_musiclicen.htm.
Music Licensing, Inc. remains dedicated to its mission of driving growth, innovation, and value creation for its shareholders, partners, and the broader community.
About Music Licensing, Inc. (OTC: SONG) ( ProMusicRights.com )
Music Licensing, Inc. (OTC: SONG) a diversified holding company, 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$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created Music. Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine "Mouthwash" Antiseptic as well as musical works by artists such as Elton John, Lil Nas X, Miley Cyrus, Lil Wayne, XXXTentacion, Halsey, and numerous others.
Forward-Looking Statements:
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.
Non-Legal Advice Disclosure:
This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.
Non-Investment Advice Disclosure:
This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication
Contact: investors@ProMusicRights.com
SOURCE: Music Licensing, Inc.
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