37% Reduction in the Number of Shares Outstanding Is Expected to Improve Overall Capital Structure and Enhance Shareholder Value
NASHVILLE, TN--(Marketwire - October 22, 2012) - SMA Alliance, Inc. (
"As we complete the reduction of shares today, we greatly feel our investors will see our dedication to success and goal of growing our company to a much larger presence in the automotive marketing world," stated Tim Stephens, C.E.O of SMA Alliance, Inc. "We will continue the development of market expansion, increased technology and security upgrades. We expect a net profit for the year ending December 31, 2012 and with the expected increase in cash flow for the coming months, a significant improvement to its net equity position. Gross profit approximated 20% of total income for year ending June 30, 2012 with expectations of substantial income moving forward. We are progressing very well in our business plan expansion."
About SMA Alliance:
SMA Alliance is the first internet program designed to act as a Lead Generator rather than a Lead Provider, which means that instead of driving customers to its own corporate website, we place a dealer's entire used and new car inventory in ads on all of the most popular classified websites on the internet including SMAA's wholly owned domains as well.
Some of the sites that SMA feeds include Craigslist, Backpage and Ebay Classifieds, Oodle, Aol Autos, cardomain.com, lemonfree.com, Walmart Classifieds, web2carz.com, Military.com Classifieds, and Overstock.com.
Through its technology and systems, SMA Alliance drives buying demand from local markets to local automobile dealers which are subscribed to SMA Alliance. The system and process software is installed and managed from centralized location and is currently serving localized dealers throughout the entire United States. The system is scalable to a worldwide audience of local buyers and flexible to be compatible to existing online traffic drivers.
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.