An incarcerated Gucci Mane issued a statement on Tuesday, May 4, declaring that he has severed ties with label So Icey Entertainment and officially assumed the title of President and CEO of Brick Squad 1017 Records.

In a quest to clear his name, the Atlanta rapper has also ditched his management company Mizay Entertainment and his booking agency Hitt Afta Hitt Enterprises -- both of which were recently named in federal lawsuits. The companies have been accused of scheduling Gucci for multiple shows across the country, while withholding information that he would be headed to jail.

Gucci has replaced his and Nicki Minaj's former manager, Debra Antney, and her company Mizay Entertainment with First Avenue Management. David Bolno, Managing Director at Nigro, Karlin, Segal & Feldstein, will helm Gucci's business management duties, while entertainment agency CAA will now be in charge of booking. The rapper also issued a statement from jail, explaining that post-release, he will focus solely on Brick Squad 1017, which is distributed through Warner Bros./Asylum Records. "The rest of 2010 is going to be real major," he said. "I'm taking control of all of my business properties and keeping the focus on my career, my music and my artists. All the pieces to the puzzle are finally in place and once I get home it's Gucci time." Brick Squad 1017 Records is home to several ATL rappers including Wacka Flocka Flame and OJ Da Juiceman.

Gucci Mane's recent mixtape 'Burrrprint (2)' entered the Billboard top 20 charts, selling over 19, 400 copies. Several songs from the mix tape were recorded from Georgia's Fulton County Jail, where Gucci is serving a one-year sentence stemming from a 2005 felony assault charge.

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