|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.
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, shared the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Dec. 3, 2016 04:15 AM EST Reads: 3,411
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 3, 2016 04:15 AM EST Reads: 1,697
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Dec. 3, 2016 02:30 AM EST Reads: 1,513
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 3, 2016 02:15 AM EST Reads: 1,488
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 3, 2016 02:15 AM EST Reads: 715
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 3, 2016 01:45 AM EST Reads: 757
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...
Dec. 3, 2016 01:45 AM EST Reads: 4,528
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 3, 2016 01:15 AM EST Reads: 848
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 3, 2016 12:30 AM EST Reads: 1,518
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 3, 2016 12:15 AM EST Reads: 1,748
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 11:15 PM EST Reads: 899
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Dec. 2, 2016 10:30 PM EST Reads: 1,729
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 08:30 PM EST Reads: 391
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Dec. 2, 2016 08:30 PM EST Reads: 4,977
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Dec. 2, 2016 08:15 PM EST Reads: 1,560