Chicago, IL, March 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- truCrowd, Inc., the owner and operator of Reg. CF FINRA-registered equity crowdfunding portals, has completed an official soft launch of the Company’s fourth Reg. CF portal, Musicfy – equity crowdfunding portal focused on the music space.
“Musicfy is an exciting new funding portal, dedicated solely to the music industry,” stated Vincent Petrescu, CEO of truCrowd, Inc. “If you look at some of the largest crowdfunding platforms on the internet, the category of music usually places second when it comes to funding popularity. Therefore, we anticipate that this portal, along with our cannabis and crypto-blockchain focused portals, will continue to grow the popularity of our service offerings, the strength and quality of our user base, our revenues and the overall enterprise value of truCrowd, Inc.”
Varner Enterprises, the owner of independent record label L2 Records, is the first offering listed on Musicfy. L2 works with artists in the pop, EDM and hip-hop genres, and is offering their investors both a short-term and long-term exit on their investment, pending the issuer meeting their funding goals. Thanks to the wonders of Regulation Crowdfunding, now everyday people – non-accredited investors or accredited investors without access – have the opportunity to participate in the very lucrative music industry through the ownership of L2 Records.
Petrescu concluded, “We chose to add this vertical to the truCrowd family of portals because, let’s be honest, everyone likes some type of music. Music is in us. It moves us, and we all have some sort of personal connection when a certain song or genre of music is played. Like Fundanna.com does for the cannabis space, Musicfy will serve the music community better than the typical equity crowdfunding platform, because it is purely music-based and will cater to the hearts, minds and rhythm of music-focused investors. The customer base we build for Musicfy will be music supporters – investors solely interested in investing in music related projects. This becomes very valuable for the issuers added to the platform, as well as the investors themselves who can now benefit from these types of music offerings. We have very high expectations for the value that Musicfy will bring to our truCrowd family of portals.”
Management indicated that the Company will look to on-board a minimum of 12 quality, fast growth, high-value companies in 2019.
For more information about Musicfy, please visit https://musicfy.us/.
ABOUT truCrowd, Inc. (owner and operator of truCrowd.com)
Located in the heart of the financial district of downtown Chicago, truCrowd is a FINRA member equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT); connecting startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology.
Website: www.truCrowd.com
Musicfy: https://musicfy.us/
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.