How this Celebrity-Driven AI Co. is Taking the Digital & Virtual Music Industry to New Heights

In a recent Stockhouse DealRoom article, we introduced investors to, possibly, one of the most unique early-stage investment plays available.

Now, Montreal-based HITLAB Inc. (P.HIT, Forum) – an Artificial Intelligence-based music technology platform partially owned by Multi-Grammy Award-nominated superstar Akon – is making its debut appearance at Midem Africa – the world’s first digital Pan-African music industry event with free access to all.

Best of all, Midem Africa is free and open to all online users on the Midem Digital platform: June 28th to July 1st, 2021.



Across the African continent, talented musical artists are discovering new methods of connecting with fans and distributing their music, aided by new technology and companies like HITLAB – both locally and globally.

Midem Africa will be the first pan-African digital music event dedicated to the continent’s most vibrant music markets. The four-day itinerary, mapping various African music industries, will highlight some of the most exciting trends and opportunities, as well as provide key insights and practical tools to foster networking and accelerate careers and business amongst the most influential local music players and their regional and international counterparts.

One of the key themes of the Midem Africa conference is focusing on local entrepreneurship and true partnerships.

HITLAB’s President & CEO, Michel Zgarka, has announced the company’s participation as a key sponsor of Midem Africa. Mr. Zgarka has been taking part in Midem for over four decades and has come to consider this gathering as one of the most significant international music industry forums. The CEO commented:

“Midem’s focus on Africa this year is timely. At HITLAB, we understand the mega value of the African Music market and the potential it represents. It is why we recently launched our unique, artist discovery platform, the Digital Emerging Artist Showcase (DEAS) powered by our patented AI software, Digital Nuance Analysis tool in four regions of Sub-Saharan Africa. And we have partnered with two industry leaders in the digital, streaming, and download service – TRACE and Boomplay to maximize our reach. Through DEAS we are engaged in discovering some of the rich musical talent from Africa and providing them a global audience – our way of democratizing the music industry and making music accessible without borders.”


About HITLAB: A 'Sound' Investment in the Future of the Music Industry

HITLAB is a one-of-kind, celebrity AI-driven digital music platform that services artists, brands, and fans. The company’s proprietary algorithms are so advanced they can predict, with high probability, whether or not the new song could be a hit!

Founded in October 2007, HITLAB an online promotional ground for both up-and-coming artists and label-signed mainstream bands. HITLAB’s musical website engages bands and musicians to promote and advertise themselves.

Each artist or band has its own page that may include news, photos, videos, upcoming shows, background & biographical information, contact information, and music for free streaming listening and downloads. HITLAB’s artists can share music with each other while providing a service portal for artists and listeners alike. Today, over 30,000 artists house their profiles on Hitlab.com.

As the first international digital showcase for emerging artists, HITLAB’s Digital Emerging Artist Showcase (DEAS) is a system technologically-designed for musical success. And, it’s relatively simple to get started:

• Submit your song for analysis.
• Get rated by HITLAB'S DNA tool – a patented and proprietary technology that can predict the success potential of new unknown song.
• See your proximity to radio and charted hits.
• Create your playlist using our advanced Artificial Intelligence (AI) system.
• Lastly, top rated artists will have the ability to sign a recording contract and perform live!

HITLAB is currently offering a potentially profitable, ground floor opportunity from a company with prospectively consistent, long-term revenue generation to investors.


Here’s the Deal:

HITLAB Inc. (The Company) is offering by way of a non-brokered private placement up to 10,000,000 Common Shares in the capital of the Company (each a “Common Share” and collectively, the “Common Shares”) at a price of CDN$0.30 per Common Share (the “Offering”). The Offering is subject to a minimum subscription amount of CDN$2,500 per investor equal to 8,333 shares.

The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase the number of Common Shares at a subscription price of $0.30 per share upon and subject to the terms and conditions set forth in "Terms and Conditions of Subscription for common shares of HITLAB Inc. attached the Subscription Agreement).


Highlights:

• Up to 10,000,000 Common Shares at $0.30 for CDN$3,000,000
• Minimum of 8,333 shares with an Aggregate Subscription Price of a minimum of $2,500.

Shares Outstanding:

• Pre-financing: 151,955,719 Common Shares ¹
• Post-financing: 161,955,719 Common Shares ¹
• Current Pre-money Valuation: CDN$46 Million

(¹) The Company currently has 151,955,719 Common Shares issued and outstanding. Assuming completion of the Offering for gross proceeds of CAD $3,000,000 and the issuance of an additional 10,000,000 Common Shares, the Company will have 161,955,719 Common Shares issued and outstanding.


HITLAB Inc’s DealRoom financing provides access to a digital media company with patented artificial intelligence algorithms, a potentially game-changing platform, an experienced management team, and…at a very attractive valuation.

The Stockhouse DealRoom: your destination to participate in exclusive financings, featuring some of the most innovative companies and best deals currently available on the market.

To sign up below and to receive materials related to participating in the current financing, click the tab below:



For more information about the company and investment opportunities with HITLAB, visit their website at www.hitlab.com.


FULL DISCLOSURE: HITLAB Inc. is a paid client of Stockhouse Publishing Ltd. (Stockhouse). Stockhouse is not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies. This deal room is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees, and expenses. The information contained in this deal room is selective and does not purport to contain all the information relating to HITLAB Inc. In all cases, parties should conduct their own investigation and due diligence, not rely solely on the data provided herein and are encouraged to consult with a financial adviser, lawyer, accountant, and any other professional that can help to understand and assess the risks associated with any investment opportunity.