Music Licensing, Inc. Provides Corporate Update on PCAOB Audit Review and OTC ID Application

Core Insights - Music Licensing, Inc. is undergoing a financial review and anticipates uplisting to the OTC ID Market Tier, which is expected to enhance transparency and market visibility for shareholders [2][4][5] Financial Review - The company's PCAOB-registered audit firm is reviewing its semi-annual financial statements, which are expected to be finalized and released later this month or in early September [3] Uplisting Progress - Pending final approval of its OTC ID application, Music Licensing, Inc. expects to be listed on the OTC ID Market Tier within the next week, which will streamline investor communications [4][5] Corporate Governance - The company is committed to maintaining high standards of financial reporting and corporate governance, with the completion of the financial review and uplisting being crucial for its public market position and long-term growth strategy [5] Market Position - Music Licensing, Inc. holds an estimated 7.4% market share in the U.S. music licensing industry, with a catalog of over 2.5 million works from notable artists [10] - The company licenses music to major platforms such as TikTok, iHeartMedia, and Vevo, among others [9]