SMA Alliance Signs Definitive Agreement to Acquire CARS.NET
19 Settembre 2012 - 9:55PM
Marketwired
SMA Alliance (PINKSHEETS: SMAA), a marketing provider of automotive
lead distribution, has signed a definitive agreement to acquire
CARS.NET, an immense automotive website with a user-friendly
interface that enables customers to search and research vehicles in
their local area. This acquisition will enable SMA to supercharge
the CARS.NET ecosystem and will enhance competition in the
automotive advertising sector.
CARS.NET currently contains 13,171 unique automobile dealership
inventories, not including SMA's current client inventory base.
According to the definitive agreement, SMA's software will be
incorporated into the CARS.NET platform to integrate up to five
million unique viewers per month.
CEO Timothy Stephens's states: "SMA with CARS.NET is a very
important milestone for our company. This acquisition elevates
SMA's position in the automotive market to be recognized as one of
the largest automotive advertising platforms available to
dealership franchises and manufacturers."
About
SMA Alliance, Inc. operates as a software application company
and provides marketing and advertising solutions by targeting
Internet applications focused on lead generation. SMA client base
includes retailers and manufacturers by steering live buyers to
clients through conversion of online product interest. By using its
managed system technologies, SMA consistently provides buying
demand on a daily basis for clients through application and
continued development of their proprietary technology systems.
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. Investor Relations
1.888.330.6623
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