Naples, FL -- February 2, 2024 -- InvestorsHub NewsWire -- Music
Licensing, Inc. (OTC:SONG)
is taking a stand against corruption within the Jamaica Stock
Exchange, shedding light on alleged misconduct by certain parties.
Contrary to baseless accusations, Music Licensing, Inc. has neither
initiated legal threats nor engaged in defamatory campaigns.
Instead, the company aims to rectify the narrative surrounding
recent defamatory statements released by the Jamaica Stock Exchange
and other implicated parties.
On January 29, at 4:53 PM EST, Music Licensing, Inc. (OTC:SONG)
issued a preservation notice, adhering to its commitment to
transparency and legal obligations. As a publicly traded entity in
the United States, the company promptly filed a Form 1-U with the
United States Securities and Exchange Commission on January 30,
2024, disclosing its intent to pursue legal action against specific
parties, including "Shaunna-Kay Carter, Novia Cotterell, Earl
Chapman, Maurice Wright, Ian McNaughton, Marlene Street, Cumax
Wealth Management, Jamaica Stock Exchange Limited."
The core issue revolves around alleged misconduct, ranging from
attempted extortion for bribes to misappropriation of funds,
fraudulent representations, wire fraud, and mail fraud. Music
Licensing, Inc. (OTC:SONG) remains steadfast in its commitment to
ethical and lawful practices.
The impediment to the company's expansion into Jamaica's music
publishing and intellectual property sector stems from the actions
of the aforementioned parties. The attempt to extort bribes has
hindered Music Licensing, Inc. from listing on the Jamaica Stock
Exchange, as the company adamantly refuses to partake in immoral
practices, in compliance with the Foreign Corrupt Practices Act in
the United States.
In response to misappropriation of funds and fraudulent
representations, Music Licensing, Inc. (OTC:SONG) has
retained representation to initiate legal proceedings. The
company's legal representation in this matter is Davy Karkason Esq.
from Transnational Matters (www.transnationalmatters.com). Music Licensing, Inc.
is determined to pursue these individuals and entities to the
fullest extent of the law. Furthermore, the company is exploring
all potential lawful avenues, including filing arbitration with the
International Centre for Settlement of Investment Disputes and
pursuing legal action in federal court within the United
States.
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 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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