$SMAA .039 SMA Alliance, Inc. Completes 100 Mill
Post# of 144488
[b]$SMAA[/b] .039 SMA Alliance, Inc. Completes 100 Million Share Reduction
37% Reduction in the Number of Shares Outstanding Is Expected to Improve Overall Capital Structure and Enhance Shareholder Value
NASHVILLE, TN, [color=blue]Oct 22, 2012[/color] (MARKETWIRE via COMTEX) -- SMA Alliance, Inc. (PINKSHEETS: SMAA) today announced it has retired one hundred million shares of common stock, equating to a 37% reduction in the number of shares outstanding. This move finalizes the move by board members to retire shares as a commitment to all shareholders to enhance overall shareholder value.
"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.