SAN FRANCISCO, CA – September 20, 2022 - Sanwire Corporation (“Sanwire” or the “Company”) (OTC: SNWR), announced today the appointment of Mr. Ronald E. Hughes as chief executive officer and a member of the board of directors. The appoint was effective as of September 15, 2022.
Sanwire Corporation is an Entertainment-Technology Innovator featuring wholly owned subsidiary Intercept Music, Inc. The appointment of Mr. Hughes follows the resignation of Mr. Chris Whitcomb as chief executive officer effective September 15, 2022. Mr. Whitcomb will stay on the board as chairman until a suitable replacement can be found.
Before joining Sanwire, Mr. Hughes was appointed VP of Communication for SMC Entertainment Inc. (OTC: SMCE) in May 2020, then promoted to President in June 2021, subsequently CEO & Chairman of the Board. Mr. Hughes was instrumental in keeping SMCE current with its finances and filings, negotiating the disposition of non-core assets, the introduction of operational excellence and conditioning SMC for new partnerships, mergers, and acquisition transactions. He continues to sit on SMCE’s board of directors and oversees corporate administration.
Mr. Hughes has over 35 years of experience in business development and investment markets. His first entrepreneurial entry into public markets was in 1987, within the music-recording, nightclub, and real estate business in Vancouver, BC. In 1997, Ron joined Global Securities as a licensed investment advisor providing investment analysis, equity trading and capital structure strategy to corporate finance. In 2001, Ron carried on his executive role as CEO & President of TransAmerican Energy Inc., now American Biofuels Inc. (TSX:ABS). He currently serves on the boards of several publicly traded companies in the United States and Canada. Ron has been a partner with North Arm Capital Services, providing Investor Relations and Business Development services to domestic and international clients for more than three decades. Ron studied International Marketing and Management at University of Hawaii (1987), and Resource Economics at the University of Alberta (1986).
“I am very pleased that Ron has chosen to join the Sanwire team,” said Chris Whitcomb, Chairman “he is a great addition and has several years of experience in critical areas of business, this is a big win for Sanwire and I am excited to watch him help drive the Company to the next level.”
About Sanwire Corporation
Sanwire Corporation (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for several years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com.
About Intercept Music Inc.
Intercept Music champions creative iconoclasts. The entertainment technology company harnesses the power of premium distribution, sizzling social media, meaningful marketing, monumental merchandising, and customizable promotional services to empower independent labels and their artists to build audiences and drive revenue. The Software as a Service (SaaS) company focuses exclusively on the independent music market, the fastest-growing sector of the music industry. Intercept Music is a wholly-owned subsidiary of Sanwire Corporation (OTC PINK:SNWR), a company focused on advanced technologies for the entertainment industry. Learn more at interceptmusic.com or visit Intercept Music's Instagram, Twitter, and Facebook.
For further inquiries, contact ir@sanwirecorporation.com, or press@interceptmusic.com
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