KANSAS CITY, Mo. - s4story -- Official Statement from CEO La'Nardo Myrick Sr.
KLM Enterprises Services LLC
June 3, 2025

Let me be clear: this quarter was a disaster.

We didn't just miss the mark—we fell off the map. Earnings down 80%, core divisions bleeding money, startups launching with no strategy, and legacy brands left to rot. We tried to do too much with too little focus, and it shows.

This isn't just a financial issue. It's a leadership failure—mine.

I made the calls. I pushed forward on new ideas without grounding them in executable plans. I allowed partnerships to continue out of loyalty instead of performance. And I didn't listen to the numbers when they started to scream months ago.

We rebranded IDEM and Baby Girl Elite without securing proper supply chains. That's a rookie mistake. We let 9.0 Radio and Magazine fade instead of fighting for their reinvention. That's unacceptable. And we launched Write NLE and NLE Agency like they were side projects—not businesses. That's how companies go bankrupt.

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Meanwhile, Sonosuite continues to strangle us with royalty chaos, and Merlin Network operates like the unchallenged gatekeeper of digital music. We've seen this movie before with Symphonic Distribution. The industry isn't going to fix itself, and whining won't change it.

Here's what we're doing now:

1. Every non-revenue-generating brand is under review. If it doesn't move the needle, it's getting cut. No emotion, just execution.
2. New leadership will be brought in where needed. If someone is holding a title but not producing, they're done. Period.
3. We are seeking new partners immediately. BGE Digital Distribution will not survive if we stay locked into toxic relationships. Transparency is no longer negotiable.
4. KLM will return to basics. Purpose. Product. People. If it's not serving those three things, it's getting stripped down or shelved.

This company was built to survive. We've taken gut punches before. But if this wake-up call doesn't change our DNA, we don't deserve to keep the lights on.

To our investors, artists, staff, and supporters—thank you for riding this roller coaster. Buckle up. The next chapter won't be comfortable, but it will be accountable.

– La'Nardo Myrick Sr.
CEO, KLM Enterprises Services LLC
info@klmenter.xyz | www.klmenter.xyz