Music platform set to reimagine the music industry to benefit artists and fans
DALLAS, TEXAS, Aug. 31, 2022 (GLOBE NEWSWIRE) — Frontera Group, Inc. (OTC Pink: FRTG) (“Frontera” or “the Company”), today announced that Muziqq, Inc. (“Muziqq”) has selected the Company’s intellectual property as a base for Muziqq’s new music platform that will power a new chapter in the business of music production. Muziqq will be utilizing Frontera’s IP that was recently acquired from Intellimedia Networks, Inc. in order to speed up the realization of this new model which they believe will transform the music industry.
“We are excited about what we will accomplish in this partnership as we aim to create a reimagining of the music industry to the benefit of artists and fans worldwide. We believe the selection of Frontera Group and Intellimedia Networks as our technology partners is critical to our success. Several announcements in the next few months will clarify how Muziqq intends to revolutionize music and its positive impact on artists and fans. Muziqq will spearhead the next evolution of music,” said Muziqq CEO Clifford Lerebours.
“This is the realization of our acquisition of Intellimedia’s IP earlier this year. We believe our intellectual property enables the rapid development and deployment of various business models, especially entertainment, media, and training verticals. The music world is about to undergo another fundamental change with the new Muziqq platform, and we are looking forward to being a critical component,” said Andrew De Luna, Interim Chief Executive Officer of FRTG.
“We have a strategy to acquire and invest in companies that we believe will be the next wave of new technologies with a keen focus on applications that markets require and are ready to buy. Muziqq is the perfect example of our goal,” said Mann Yam, Chairman of the Board of FRTG. “We will now work to discover and power recurring revenue models across several markets”.
Frontera Group is a strategic acquirer of intellectual property and revenue-generating companies in the technology and human capital markets. It is developing and executing an aggressive, four-tier acquisition and implementation strategy intended to provide substantial increases in profitability to its acquisitions in industries which possess traditionally low and stagnant EBITDA multiples. The Company has identified and is currently pursuing several revenue-generating acquisition targets.
For further information, please visit Frontera’s website at www.frtgtech.com
About Intellimedia Networks
Intellimedia Networks is a US and India-based technology company that designs and deploys cloud platforms and applications that create immersive experiences. Intellimedia’s award-winning products utilize AR, VR, and AI to enhance media, training, education, virtual event broadcasting, real estate, and other applications. For further information,
please visit Intellimedia Networks’ website at www.intellimedianetworks.com
About Muziqq, Inc.
Muziqq is a U.S. based technology company that provides a new platform that is intended to benefit artists and fans across the world. Muziqq is led by an experienced team that includes a cross section of artists, producers, managers, publishers, technologists and social media influencers that are set to bring about another evolution of music. For further information,
please visit Muziqq’s website at www.muziqq.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe FRTG’s hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond FRTG’s control, will affect actual results. FRTG undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with FRTG’s most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by FRTG.