SMA Alliance, Inc. Announces Share Cancellation
15 Agosto 2013 - 2:00PM
Marketwired
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 Email Contact
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