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VNUE, INC CEO Issues End-of-Year 2021 Update To Shareholders together (RSS) NEW YORK, Dec

VNUE, INC CEO Issues End-of-Year 2021 Update To Shareholders
together (RSS)

NEW YORK, DecVNUE, INC CEO Issues End-of-Year 2021 Update To Shareholders
together (RSS)

NEW YORK, Dec. 28, 2021 /PRNewswire/ -- VNUE, Inc. (OTC: "VNUE") today announced that its Chairman and CEO released an update to shareholders as follows:
Dear Shareholders and VNUE followers:
So much has happened this year, although a lot of it has been behind the scenes, I thought it would be helpful to provide a short summary of the progress that has been made in 2021, as I have done in past years, and also to set the stage for 2022.
First and importantly, I know many of you are eagerly awaiting the close of our acquisition of StageIt (Stageit.com). This has taken longer than we thought, mostly due to complexities in accounting matters and the required independent audit. We had hoped to complete this prior to end of the year, but I feel more confident than ever that this deal will finally close within the first two weeks of January, hopefully even sooner. There have been no issues with our acquisition plan whatsoever, and StageIt continues to operate and generate significant revenue.
Needless to say when the transaction is completed, this will be a watershed moment for the company, further crystallizing my vision of a company that has multiple artist-centric technologies and platforms, that combined, provide a complete suite of products and services to artists, labels, and creators such as writers and publishers.
In other news, also I am sure you are eagerly awaiting, Soundstr has reached the point where we are actively in discussions with numerous groups, large and small, including radio and brick and mortar venue groups, and in fact several more Soundstr Pulse units were recently deployed to a number of radio stations. More units are being prepped to go out as we speak. Progress has been made to the point where Soundstr Live Identification is over 75% accurate - which is a significant feat and a huge step up from, well, zero. And recorded music identification is near 100% for all practical purposes.
The combination of being able to identify both live and recorded music via our Music ID Sampling Services, Music Identification Streaming Services, and our Soundstr Live Identification Services, does indeed set the stage for VNUE to be the largest and most accurate aggregator of music consumed in public spaces in the world. We are building a music rights and data marketplace that will offer a variety of packaged products: The Soundstr Marketplace.
As you know, in 2016, I stepped into the role of CEO of VNUE, and went to work addressing a multitude of challenges that we faced as a young company. As a going concern, the company was behind in its SEC filings, did not have what I would consider to be viable technology, had zero revenue, several prior legal issues, and very little resource. Additionally, there was a substantial amount of old debt on the books. Within a relatively short amount of time, we brought technology, revenue, and world-class talent into the company.
Of course, it didn't help that COVID reared its ugly head in the middle of our progress and sucked nearly two year's worth of business off our books. But, as a silver lining, this helped us focus on Soundstr development, and to identify opportunities like StageIt, and unlike many other companies, we survived.
As of today, we only have a small amount of convertible debt on our books, and we have been 100% current on our filings since we were able to catch everything up in 2017. As a fully reporting company, this is vitally important for investor trust and continued growth. Convertible debt reduction is something that the OTC Market Groups repeatedly told us we had to lower in order for [...]

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