|By Marketwired .||
|May 28, 2014 02:45 PM EDT||
HOUSTON, TX -- (Marketwired) -- 05/28/14 -- SMART VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR)
Dear Fellow Stakeholders,
Smart Ventures, Inc. is on a path to tremendous growth and increased revenue. We have received several emails and phone calls expressing concern over the price per share. When Smart Ventures, Inc. acquired The Sanday Corporation there was a 1 for 1 share exchange for all the outstanding shares of The Sanday Corporation which was disclosed in our initial disclosure statement to shareholders. There was a significant amount of shares already outstanding in the float. The company has not sold any dilutive convertible notes to investors, although it reserves the right to do so in the future if it is deemed in the best interest of the company. Currently the company is financially stable with revenues generated consistently. We acquired this company in January 2014 with little to no trading volume and the market has reacted creating liquidity. We have considered a reverse split as an option to raise (PPS), however the CEO is opposed to this strategy which has been raised by many shareholders in favor of and against. The company will keep this option open and may put it to a shareholder vote. We hope the growth of the company with stronger revenues will raise the price per share to the level of satisfaction our shareholders deserve. Keep in mind the stock has only had sustained trading volume for 5 months since we took over, and we believe the price will recover. We have learned that on certain trading days which reflected high volume, some were what is known as double prints (double the amount of shares) on the tape meaning the volume was not correctly reflected by what was reported in the market close. We were surprised to learn that this occurs, but apparently it does. The company has no control over daily liquidity which includes day traders, shorters, market makers and real shareholders (Long players). The company insiders being the CEO and his wife have not sold any of their position, because they are real stakeholders who believe in the company and have owned The Sanday Corporation for more than 10 years. The CEO and his wife are the majority shareholders, whose shares are restricted holding 800,400,000 shares. We hope to add more real stakeholders who are not just looking to turn a quick buck and hold for real (PPS) appreciation. We do operate the company from a home based office which the CEO has owned for many years. We use contract staff that is often in the field on assignment or work from their own offices, so there is not a necessity to increase expenses for a separate office at this time. The CEO has made more than $500,000 a year in income for more than 10 years before merging with Smart Ventures, Inc. In our efforts to create greater shareholder value, we initiated several strategic business plans which included development of a midstream transportation division which is generating revenue and Cannabis Funding Group which is conducting a capital raise through outside consultants IndigoFitch as previously reported.
We acquired a fleet of tractor trailer trucks, secured contracts to have the trucks put into service to generate more revenue in the company. We look forward to reporting this revenue in the second quarter.
Our Cannabis Funding Group has received several calls and letters of interest from companies in the cannabis business seeking strategic funding both in the US and Canada. We have also had meetings and discussions with several institutional investors for direct investment in both Cannabis Funding Group and its parent company Smart Ventures, Inc. We hope to begin funding our joint venture partners in the Cannabis industry soon, which will generate we believe significant revenue as we own a considerable equity stake in those ventures.
We are continuing our efforts to grow our drilling services division through new technology offering additional services and marketing. We are discussing possible distributorship agreements with oilfield equipment suppliers. As a distributor we would utilize our relationships to sale products and earn commission revenue for the company. We are also conducting due diligence on several potential acquisition candidates to increase revenue, assets and profits.
We have presented our financials and banking records to an audit firm to review and prepare audited financials for us to become fully reporting and take necessary steps to qualify for up listing to the OTCBB. We are still awaiting the audit firm's indicative approval and quote to prepare the audit. Once we receive this approval from their audit committee we will then retain and report an update to shareholders.
"We believe patient capital will prevail as we grow this company, we thank you for your vote of confidence and support fellow stakeholders," says CEO Roger Smith.
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. We also formed a midstream transportation division with a fleet of trucks. We began to offer a diverse range of armored vehicles which compliments out midstream transportation division. Additionally we expanded into the cannabis industry through our subsidiary companies Cannabis Funding Group, Inc. and Cannabis Casualty Insurance, Inc.
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.
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