Smart Ventures Announces Acquisition of Transportation Fleet
14 Aprile 2014 - 3:15PM
Marketwired
Smart Ventures Announces Acquisition of Transportation Fleet
HOUSTON, TX--(Marketwired - Apr 14, 2014) - SMART VENTURES, INC.
(OTC Pink: SMVR) (PINKSHEETS: SMVR)
Smart Ventures, Inc. is pleased to announce that we have
acquired a fleet of tractor trailer trucks to meet demand in the
midstream transportation industry. The company has established a
relationship with a carrier/fleet management company that has
contracts to put the trucks into service this month, which will
start generating revenue for the company.
Our goal is to generate more revenue and profits as a full
service turn-key engineering firm, midstream transportation and
independent oil and gas production company.
We have expanded our services into transportation as previously
announced plans, through acquiring a fleet of trucks. We decided to
enter into the midstream asset business of transportation because
of its relative high profit margins of 40-50%, which should provide
our stakeholders a better share price evaluation through increased
revenue, strong assets and a more diversified business. We plan to
continue to build our fleet of tractor trailer trucks over the next
year.
In 2014, The Port of Houston Authority began a major expansion
in preparation for the bigger ships expected through the 2015
Panama Canal expansion. The authority plans to spend approximately
$120 million to dredge the channels that link its container
terminals at Bayport and Barbours Cut. Additionally, a $5.2 billion
project, which will triple the canal's capacity by adding a third
set of locks, will be ready for commercial transits mid-2015. This
will allow for super tankers to enter the port, which is huge
considering Texas is one of the largest oil producing states in the
country. There is a shortage of trucks to fill the demand, so we
are rapidly expanding to meet this need in the midstream
transportation industry.
"We believe this strategic growth plan is in line with our
business plans for the company and adds significant assets to our
books which generate revenue, thus creating shareholder
value," says Roger Smith, CEO.
About Smart Ventures
Smart Ventures, Inc. is also an independent energy company
engaged in engineering extended reach drilling services,
acquisition, development, production, and exploration of oil, gas
and minerals internationally. Additionally we expanded into the
cannabis industry through our subsidiary company Cannabis Funding
Group, Inc. www.smartventuresinc.com
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "believes," "expects," "may,"
"will," "intends, "plans," "should," "seeks," "pro forma,"
"anticipates," "estimates," "continues," or other variations
thereof (including their use in the negative), or by discussions of
strategies, plans or intentions. A number of factors could
cause results to differ materially from those anticipated by such
forward-looking statements, including those discussed under "Risk
Factors" and "Our Business." Forward-looking statements are subject
to known and unknown risks and uncertainties and are based on
potentially inaccurate assumptions that could cause actual results
to differ materially from those expected or implied by the
forward-looking statements. Our actual results could differ
materially from those anticipated in the forward-looking statements
for many reasons.
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
Media Relations: Roger Smith Contact: (832) 717-4412 Email:
info@sandaydrilling.com Website: www.smartventuresinc.com
www.sandaydrilling.com
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