SMC Entertainment Signs Letter of Intent to Acquire
White Hat Vision, LLC and Song1, LLC
Including Three Patents That Protect Against Digital Cyber Theft
San Francisco, CA -- November 4, 2019 -- InvestorsHub NewsWire -- SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), a provider of wireless communications services, digital content and media distribution solutions, is pleased to announce the execution of a Letter of Intent to acquire 100% of Texas-based White Hat Vision, LLC ("White Hat") and 100% of Texas-based Song1, LLC ("Song1") for equity in SMC. The acquisition is expected to close upon completion of the due diligence process.
White Hat is the patent owner, developer and licensor of three patents that address protection against digital cyber theft. The three patents, referred to as the Marshall Digital Security ("MDS"), once embedded securely in any digital transporting environment, functions transparently and strategically removes portions of a digital content packet (referred to as Fragments) rendering it to a stealth-like transmission and thereby making the rest of the packet content (referred to as Segments) useless to steal. Once a packet reaches its destination, the Fragments and Segments are merged together to deliver the digital content as intended to.
MDS patents can be embedded in solution offerings to any deemed "sensitive" environment including government, healthcare, banking, research, 3D printing, media, and gaming. The need for protection against worldwide cyber extraction renders itself to our stealth technology. In addition to licensing its patents, White Hat intends to vigorously pursue infringements on any of its patents. The three patents are:
Song1 is a developer, marketer and provider of media streaming platforms that has licensed MDS's patents. Song1 has embedded MDS's patents in its product offerings to create more secure, much faster and better commercial streaming experience. Song1 offers its services on a monthly subscription basis.
"We look forward to working with White Hat and Song1 and their respective managing members to expeditiously close our second acquisition of 2019," said Rick Bjorklund, Chairman and CEO of SMC. "We are also fortunate to be adding White Hat's and Song1's high caliber technical team spearheaded by Mr. Marvin Marshall, a parallel entrepreneur and inventor of the MDS patents. As we have communicated in earlier press releases, SMC will continue its growth by acquisition strategy to broaden its business plan and expedite revenue expansion. We would like to thank our shareholders for their patience and support as we continue to enhance SMC's core product offerings."
"SMC's acquisition of White Hat and Song1 is a significant milestone to both companies," said Marvin Marshall. "We believe SMC's growth strategy fits well with our vision to build products and services around the MDS cyber protecting patents and SMC's other offerings that will generate and enhance global sales, and continue to develop new technologies that meet the needs of our clients."
About White Hat Vision LLC
White Hat Vision, LLC is a developer, marketer and licensor of technology solutions built around three patents, referred to as the Marshall Digital Security ("MDS"), that address digital content piracy and cyber theft. MDS targets a number of industries including but not limited to Internet and mobile transmission content, including government, healthcare, banking, research, SCATA, energy, media, and gaming.
The MDS patents were developed by Mr. Marvin Marshall (https://www.linkedin.com/in/marshallmarvin) and his team of intellectual marvels, a truly serial inventor group. Prior to inventing the MDS patents, Mr. Marshall invented the PrePaid Phone Card technology (which he was awarded three U.S. patents). Prior to inventing the PrePaid Phone technology, Mr. Marshall invented a new mathematical method specifically for precisely balancing Dairy Ration Formulations. Also, he created a companion Dairy Management software program. This invention was highly successful and Mr. Marshall gained over 4,000 clients in the U.S., Mexico and South Africa. Available nationally documented articles featuring Mr. Marshall's inventions and technologies are Time Magazine – 1978, Tampa Tribune – 1990, TeleCard World – 1998 and the Wall Street Journal (Breakout Section) December 7, 1998.
About Song1, LLC
Song1, LLC is a developer, marketer and provider of recorded music streaming services that has licensed MDS's patents. Song1 has embedded MDS's patents in its product offerings to create more secure, much faster and better commercial streaming experience. Song1 offers its services on a monthly subscription basis. Song1 plans to expand its secure streaming services by building complementary products and/or license the core technologies to other streaming service providers. For more information, please visit us at (www.song1.com).
About SMC Entertainment, Inc.
SMC Entertainment Inc. is a provider of wireless communications services, digital content, and media distribution solutions. Our multi-discipline revenue approach includes providing media and wireless internet service to under-served markets by acquiring under-capitalized WISPs (Wireless Internet Service Providers). With our recent acquisition of FiberSKY Networks, Inc., FiberSKY's primarily design concept involves the Digital Dome designs of a hybrid Internet of Things (IoT)-based broadband network system called FiberSKY™. This unique proprietary design is capable of utilizing multiple technologies for the enhancement of deploying the "last mile" of advanced high speed services to residential and commercial customers. The FiberSKY system incorporates multiple technologies such as power lines, fiber optics, licensed and unlicensed wireless frequencies and existing telecom-owned broadband back haul networks to produce an efficient and scalable broadband connection. For more information, please visit us at www.smcemedia.com, and www.fiberskynetworks.com.
SMC Entertainment, Inc.
Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, members of its management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.