SMC Entertainment Inc. Reduces
Number of Outstanding Common Shares by 110,000,000
Shares
San Francisco, CA --
August 13,
2018 -- InvestorsHub
NewsWire -- SMC Entertainment, Inc. (OTC:
SMCE) ("SMC" or the "Company"), a digital content and
distribution provider, is pleased to announce it has reached an
agreement with SMC's previous Chairman of the Board, Mr. Ralph
Tashjian, to cancel a 110,000,000 block of shares owned by Mr.
Tashjian. This cancellation is effective immediately.
"The share
cancellation agreement with Mr. Tashjian demonstrates SMC's
management team's commitment to enhance SMC's attractiveness to
investors, shareholders, partners and future mergers and
acquisitions transactions," stated Rick Bjorklund, President and
Chief Executive Officer of SMC. "We're assembling an executive team
that will broaden SMC's growth plans in wireless
media and
an attractive share capital structure is paramount to both
investors and shareholders."
The share capital
structure will be updated on OTC Markets' company profile and will
be verified by the Company's Transfer Agent.
About SMC Entertainment, Inc.
SMC Entertainment
Inc., founded in 2005 with its head office in San Francisco,
California, is a digital content and distribution company. For more
information, please visit our website www.smcemedia.com.
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
SMC Entertainment, Inc., 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.
Press
Release Contact: info@smcemedia.com