SMA Alliance to Surrender One Hundred Million Restricted Shares Back Into Company Treasury
(firmenpresse) - NASHVILLE, TN -- (Marketwire) -- 02/15/12 -- SMA Alliance, Inc. (PINKSHEETS: SMAA) is pleased to announce that a unanimous Board of Directors resolution has been approved for the surrendering of One Hundred Million (100,000,000) restricted shares of common stock back to company treasury. The unanimous decision was approved for the advancement of strategic business development as well as the implementation of newly adopted verticals of the SMA platform. Company officials are in total agreement as to the future of SMA Alliance and this move demonstrates a better evaluation to the financial community.
Upon completion of the retirement of the above mentioned shares, the total issued and outstanding shares on SMA Alliance will be 152,899,080.
Moving into the second quarter, CEO Timothy Stephens has expressed signs of increasing growth within the automotive sector while giving Mr. Anthony Baker the mobility and freedom to peruse other captivating opportunities for the SMA Organization. Further developments will be issued on a regular basis along with scheduled, interactive conference calls.
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.
Timothy Stephens
CEO
949-891-7279
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Datum: 15.02.2012 - 06:30 Uhr
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News-ID 1083209
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