LONDON / June 29, 2020 / Sanwire Corporation announced today that it will be filing certificates of designation for its Series A, B, and C preferred stock with Nevada Secretary of State.
Intercept Music, Inc. (“Intercept”), wholly owned subsidiary of Sanwire, has progressed rapidly from development stage to product commercialization to revenue generation in a short timeframe. Intercept is embarking on a rapid growth plan that includes revenue expansion from existing markets, accelerated customer acquisition, new industry partnerships, and penetration of new markets.
To support Intercept’s business plan execution, Sanwire is working on a multi-dimensional plan that includes acquisitions, attracting sophisticated investors and enhancing Sanwire’s current balance sheet while minimizing shareholder dilution. Sanwire believes preferred stock would be the ideal instrument to utilize.
Mr. Christopher Whitcomb, Sanwire’s CEO commented: “Our paramount goal is to maintain a balanced approach between future investments and shareholder value while minimizing shareholder dilution. The effective utilization of preferred stock ensures our company can grow with the least amount of shareholder dilution.”
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