SMA Alliance Begins Preparations for Dual Listing on the Frankfurt Exchange
November 14 2011 - 9:00AM
Marketwired
SMA Alliance (PINKSHEETS: SMAA) announced today that due to their
continued growth and plans of expansion into the European market,
preparations are underway that will allow for SMA Alliance to offer
the sale of its common stock on the Frankfurt Exchange. Over the
next several weeks, SMA will submit a complete due diligence
package to the appropriate agencies who will submit the necessary
documents in order to complete the filings. Normal time frame of
such transaction typically takes 4 to 5 weeks for the listing to
appear on the Frankfurt Exchange.
The Board of Directors of SMA Alliance is meeting with corporate
council to discuss compliancy regulations as well as possible
benefits to the current shareholder base with regards of the dual
listing. According to SMA and after an approval process, a detailed
statement will be issued to the public.
Mr. Anthony Baker, CEO of SMA Alliance, stated, "FINALLY...
after having months of discussion on the benefits to our company,
and our shareholders, we have come to an agreement to begin the
dual listing process. As CEO of this company, I'm continually faced
with challenges that will ultimately change the face of the
organization for the better! An offering such as this, will not
only secure the future SMA Alliance, but will open doors for the
company and investors worldwide."
In closing Mr. Baker stated, "One benefit being discussed with
the attorney is an offering of a dividend to the current
shareholder base. I think this is a great way for SMA to show
appreciation for the continued support of each shareholder."
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.
Contact: Anthony Baker CEO 949-891-7279
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