Over the course of the past week, Sanwire Corporation (OTCMKTS:SNWR) had seen its stock make a strong move and has manage to deliver gains of as much as 35% as a consequence.
Market Reaction
On Friday, SNWR stock ended flat at $0.0080 with more than 120K shares, compared to its average volume of 641K shares. The stock moved within a range of $0.0080 – 0.0080 after opening trade at $0.0080.
Intercept Music, Subsidiary of Sanwire Corp., Responds to Spike in Demand With New, Ready-Made Marketing Service Bundles
In order to make sense of the rally, it may be a good idea for investors to take a look into the latest developments with regards to the company’s fully owned subsidiary unit Intercept Music. Not too long ago Intercept Music had experienced considerable demand following its launch with the artist Method Man. On Thursday it emerged that the company had come up with a range of new bundles of marketing services.
The marketing bundles in question are meant for streamlining the whole marketing operation for record labels as well as for independent artists. The marketing bundles are equipped with pre-determined variables in relation to the promotion, merchandising, distribution and marketing options.
These options are generally created by Intercept Music in partnership with the record labels. The deployment of these bundles is expected to save independent artists as well as record labels considerable amount of money and also deploy the usage of some of the more effective music marketing options.
Key Quote
“The interest we saw from our launch with Method Man was incredible. We were prepared, but we are still a lean company in startup mode, so developing pre-made bundles with our most popular and successful marketing services was a natural choice,” said Turner. “Now our customers have the best of all worlds: successful, proven services with plug-and-play simplicity to get music to market fast, and real people to help them when they need it.”
Traders Review
SNWR stock is trading above the 10-Day and 220-Day Moving averages of $0.0066 and $0.0079 respectively. However, the stock is trading below the 200-Day moving average of $0.0086.
