(PINKSHEETS: SMHS) Poised for Blockbuster Growth Through 2011
27 October 2010 - 10:30PM
Marketwired
Smart Holdings, Inc. (PINKSHEETS: SMHS) has had several ground
breaking news releases based on its wholly owned subsidiary
Assurance Group Direct which sells automotive extended service
plans through multiple sales channels.
The market of extended automotive service plans should prosper
as US drivers are holding onto cars longer. A study by R.L. Polk
& Co. estimates the average age of a car on the road in the US
is over 9 years old; comparatively to the average length of a car
warranty is 3 years. In the years after a warranty expires, drivers
can expect car repair bills to total over $850 per visit to a
mechanic (Insurance Information Institute).
The economic downturn in the US is forcing more drivers to
reconsider buying a new car, and turn to the next best available
option of insuring against repairs that can cost as much as $3000
for a transmission, or $1600 on an air conditioning system.
Smart Holdings has forecast over $30 million a year in gross
revenue through a multimedia direct response campaign outlined in a
Q3 press release. These figures do not include its contract with
Park Auto Mall of Florida, which could only bolster revenues even
higher.
For more information, please visit www.smartholdingsinc.com
Other active stocks are Coastal Pacific Mining (OTCBB: CPMCF)
Monro Muffler Brake Inc. (NASDAQ: MNRO) and Amtrust Financial
Services Inc. (NASDAQ: AFSI)
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