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Charlotte, NC, Oct. 27, 2022 (GLOBE NEWSWIRE) — XCPCNL Business Services Corporation (OTC Pink: XCPL), a venture development company leveraging knowledge, skills and experience in the consumer products industry, announced today that the company has decided to invest approximately US$250,000 Investing dollars in startup Glory Entertainment.
Glory Entertainment is a creative content partnership and monetization company that believes it “needs to stand out to fit in” to capitalize on the growing opportunities in the media and entertainment marketplace. The company empowers artists and puts them in control by providing them with vehicles to share their stories with the world using data, technology and storytelling. Glory Entertainment strives to differentiate itself in a copycat market. The company builds stars that demand audiences by pursuing innovation through its vertically integrated business model. Glory artists combine more than 70 million streams across multiple platforms, 4.6 million social media followers and 60 million Spotify listeners.
Glory Entertainment is led by JoJo Brim (CEO) and Mark Seidman (CTO).
As a music manager and manager, Brim has worked with Big Sean, Trey Songz, Lexi Jayde, LL Cool J, London on The Track, Tyler Perry and others. For more information on Brim, see our previously published press release.
With several years of big tech and software experience, Mark Seidman leads the development and deployment of the tech stack for Glory’s various revenue-generating properties.
Seidman commented, “With the verticals, Glory is committed to our tech stack and the capabilities that come with it have positioned the company well to differentiate itself in the marketplace. The external investment provides the fuel for acquisitions that achieve both economies of scale and operating cost savings through integration efficiencies. XCPCNL is the perfect partner because brand building increases the value of artists at the heart of our ecosystem. The artist and his work are the product; then we connect those copyrighted works to the platform. It’s a synergistic approach where everyone on the bike helps with the next ride.”
XCPCNL becomes marketing partner for Glory Entertainment and hires Tim Matthews as CMO.
Glory has already acquired a stake in Made In East New York (MIENY), which is run by veteran record producer Jack Knight. With a current project, KiDi, the team had a global impact early on. Brim thinks the AfroBeats genre is the next major movement in music trends, and with well over 60,000,000 streams worldwide across various streaming platforms, KiDi looks poised to be a breakout star in 2023.
Glory is expected to bring in $39 million in year one from a variety of revenue streams including:
-Digital distribution and publishing
-Production of VR/Web3 games
XCPCNL receives a 20% ROI, which is then converted into equity.
Tim Matthews explained his logic behind the decision: “As I have said on numerous occasions, raising capital over-the-counter is difficult. It’s even more difficult in the private sector, especially for talented, minority-owned companies. I made it My mission is to build XCPCNL to support startups like Glory and apply the XCPCNL marketing mix to grow revenue and market share. Jojo Brim has been an exemplary advisor to XCPCNL and I look forward to XCPCNL joining Glory’s journey.”
For more information about Glory Entertainment, visit https://www.gloryent.com/.
XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit its corporate social media platforms:
Disclaimer for Forward-Looking Statements:
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act 1933, as amended, and Section 21E of the Securities and oral statements made from time to time by officials of the Company may include its Stock Exchange Act 1934 in the amended version. Statements regarding potential business combinations and their financing and related matters, and all other statements that are not statements of historical fact, included in this press release are forward-looking statements. Words used in this press release such as “anticipate”, “believe”, “continue”, “may”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, “possible”, “Potential”, “predict”, “project”, “should”, “would” and similar expressions identify forward-looking statements when they relate to us or our management team. Such forward-looking statements are based on management’s beliefs, assumptions and information currently available to the Company’s management. Actual results could differ materially from those contained in the forward-looking statements as a result of certain factors discussed in the Company’s Over the Counter Market (“OTC”) filing. All of the following forward-looking statements, whether written or oral, attributable to us or persons acting on our behalf are included within this paragraph in their entirety. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Based in Charlotte, NC, XCPCNL Business Services is a venture development company that applies its knowledge, skills and experience to the consumer products industry. Our primary mission is to provide marketing, technology and other business services to fast-growing consumer goods companies and large retailers. XCPCNL is a minority owned and controlled company. To find out more about our business, services and opportunities, please contact: [email protected]
To learn more about XPCNL, visit www.xcpcnl.com
E-mail: [email protected]
Source: XCPCNL Business Services Corporation