SMA Alliance, Inc. Completes 100 Million Share Reduction
22 October 2012 - 10:30PM
Marketwired
SMA Alliance, Inc. (PINKSHEETS: SMAA) today announced it has
retired one hundred million shares of common stock, equating to a
37% reduction in the number of shares outstanding. This move
finalizes the move by board members to retire shares as a
commitment to all shareholders to enhance overall shareholder
value.
"As we complete the reduction of shares today, we greatly feel
our investors will see our dedication to success and goal of
growing our company to a much larger presence in the automotive
marketing world," stated Tim Stephens, C.E.O of SMA Alliance, Inc.
"We will continue the development of market expansion, increased
technology and security upgrades. We expect a net profit for the
year ending December 31, 2012 and with the expected increase in
cash flow for the coming months, a significant improvement to its
net equity position. Gross profit approximated 20% of total income
for year ending June 30, 2012 with expectations of substantial
income moving forward. We are progressing very well in our business
plan expansion."
About SMA Alliance:
SMA Alliance is the first internet program designed to act as a
Lead Generator rather than a Lead Provider, which means that
instead of driving customers to its own corporate website, we place
a dealer's entire used and new car inventory in ads on all of the
most popular classified websites on the internet including SMAA's
wholly owned domains as well.
Some of the sites that SMA feeds include Craigslist, Backpage
and Ebay Classifieds, Oodle, Aol Autos, cardomain.com,
lemonfree.com, Walmart Classifieds, web2carz.com, Military.com
Classifieds, and Overstock.com.
Through its technology and systems, SMA Alliance drives buying
demand from local markets to local automobile dealers which are
subscribed to SMA Alliance. The system and process software is
installed and managed from centralized location and is currently
serving localized dealers throughout the entire United States. The
system is scalable to a worldwide audience of local buyers and
flexible to be compatible to existing online traffic drivers.
Safe Harbor Statement: This news release includes
forward-looking statements pertaining to future anticipated
projected plans, performance and developments, intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. Any statements on this
news release that are not statements of historical fact should be
considered forward-looking statements. These forward-looking
statements generally can be identified by phrases such as
"believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates," "intends," or other words or phrases of similar
import. Similarly, statements in this news release that describe
the Company's business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. All such
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
Contact: SMA ALLIANCE, INC. http://www.smaalliance.com
http://iautobuzz.com Email Contact
SMA Alliance (CE) (USOTC:SMAA)
Historical Stock Chart
From Aug 2024 to Sep 2024
SMA Alliance (CE) (USOTC:SMAA)
Historical Stock Chart
From Sep 2023 to Sep 2024