Last week as reported by AHH,  the license arrangement between G-Unit, and Sleek Audio to produce headphones branded as ‘Sleek by 50′ was terminated. Now [twitter=50Cent]50 Cent[/twitter] speaks on the deal being cancelled, and states he will be producing a new line of wireless headphones as well as other high tech audio equipment.

“As reported, the license arrangement between my company, G-Unit, and Sleek Audio to produce headphones branded as ‘Sleek by 50′ has been cancelled. Instead, I have established a new company that is developing a complete line of audio accessories, including wireless headphones, offering superior sound quality along with cutting edge technology for all music lovers to enjoy. As an artist, I am committed to bringing top-of-the-line audio products to my fans, and I am excited that I have the resources to achieve just that with this new venture.”

The G-Unit boss has already got a new partnership with SMS Audio LLC, that has signed a new deal with TVGoods, to bring the new line of wireless headphones to the market.

Sleek released a statement with reasoning behind backing out of the deal:

“We will be re-evaluating our Wireless Hybrid over-the-ear headphones at a later date” a press release from Sleek Audio announced. “Currently we are working to bring our new, U.S.-made in-ear products to the market.”