SMA Alliance to Forward Split Stock
(firmenpresse) - NASHVILLE, TN -- (Marketwire) -- 09/06/11 -- SMA Alliance, Inc. (PINKSHEETS: SMAA), the leader in cutting edge software generating unprecedented traffic to retailers of the automotive industry at local and national levels, announced that the Board of Directors, through shareholder approval, is implementing a forward split of all of its shares of common stock. It is anticipated that the effective date of this stock split will be September 20th, 2011.
Shareholders of record as of September 20th, 2011 will receive 10 additional shares of stock for each share owned.
"The automotive industry spends over $6.25 billion annually in local advertising and SMAA's product generates more sales than all others combined, reigning superior to all. This split should aid us in our goals to dominate 10% of the automotive advertising market share and begin our expansion into other verticals such as employment which is a $67 billion annual industry," said Anthony Baker, CEO.
"We are expanding at a rapid rate. Our business is growing beyond our ability to keep up with demand, therefore it is essential we create an active currency to obtain financing in the future for further expansion into foreign markets, additional verticals and add new members to our team," he added.
SMA Alliance, Inc. (SMAA) is a software and application company aggregating local buying demand for businesses.
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings on . Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of statements in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
SMA Alliance, Inc.
Telephone: 888.330.6623
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Datum: 06.09.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1037045
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