SMA Alliance, Inc. Announces Share Cancellation
(firmenpresse) - NASHVILLE, TN -- (Marketwired) -- 08/15/13 -- SMA Alliance Inc. (PINKSHEETS: SMAA) is pleased to announce the board has voted and approved the retirement of 170,000,000 shares of its currently outstanding shares. With this cancellation, total outstanding shares for the company are reduced from 301.9 million shares to 131.9 million, which approximates a 56% percent reduction. The company is in the process of identifying additional shares that can be added on to this cancellation. Completion of this share cancellation process is expected to occur by September 1st, 2013.
SMA Alliance has also made a change in its transfer agent of record from Standard Registrar to Pacific Stock Transfer Company. The above changes are all part of the reorganization of the Company with the intent to maximize company revenues and profits and also have a beneficial impact on shareholder value.
About SMA Alliance
SMA Alliance's technology acts as a lead generator rather than a lead provider. This means instead of driving customers to a corporate website, a dealer's entire inventory is placed in ads that are placed on classified websites with the highest consumer traffic to gain the most exposure in Internet advertising.
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.
Investor Relations
SMA Alliance
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Datum: 15.08.2013 - 06:00 Uhr
Sprache: Deutsch
News-ID 1255061
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