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Music Licensing, Inc. (OTC:SONG) and Pro Music Rights, Inc. Announce No Direct or Known Exposure to Silicon Valley Bank Collapse
Music Licensing, Inc. (OTC:SONG) and Pro Music Rights, Inc. Announce No Direct or Known Exposure to Silicon Valley Bank Collapse.
About this update from Music Licensing, Inc.
[{"type":"text","content":"\n\n\n\nMusic Licensing, Inc. (OTC:SONG) and Pro Music Rights, Inc. Announce No Direct or Known Exposure to Silicon Valley Bank Collapse\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMusic Licensing, Inc. (OTC:SONG) and Pro Music Rights, Inc. Announce No Direct or Known Exposure to Silicon Valley Bank Collapse\nPR Newswire\nNAPLES, Fla., March 11, 2023\n\n\n\nNAPLES, Fla., March 11, 2023 /PRNewswire/ -- Music Licensing, Inc. (OTC:SONG) and its wholly owned subsidiary, Pro Music Rights, Inc., announced today that the companies have no direct or known exposure to the collapse of Silicon Valley Bank. This announcement comes as a reassurance to Music Licensing, Inc. shareholders and clients of Pro Music Rights who may have had concerns about the potential impact of the bank's collapse on the companies.\nMusic Licensing, Inc. and Pro Music Rights want to assure their shareholders and clients that their primary banking relationship is with UBS, a highly reputable and stable financial institution. As such, the companies have no direct or known exposure to Silicon Valley Bank and its current situation.\n\"We understand that our shareholders and clients may have concerns about the impact of Silicon Valley Bank's collapse on our companies,\" said Jake P. Noch, CEO of Pro Music Rights & Music Licensing, Inc.. \"We want to assure everyone that our primary banking relationship is with UBS, a strong and stable financial institution. We have no direct or known exposure to Silicon Valley Bank and its current situation.\"\nMusic Licensing, Inc. and Pro Music Rights remain committed to providing the highest level of service to their clients and continue to be a leader in the Music Industry.\nThis announcement serves as a reminder to Music Licensing, Inc. shareholders and clients of Pro Music Rights that the companies are committed to transparency and providing timely and accurate information to their stakeholders.\nAbout Pro Music Rights, Inc. (ProMusicRights.com)\nPro Music Rights is the 5th public performance rights organization (PRO) to be formed in the United States. Its license...