Smart Ventures Announces $5,000,000 Funding Commitment

HOUSTON, TX--(Marketwired - Mar 11, 2014) - Smart Ventures, Inc. (OTC Pink: SMVR) (PINKSHEETS: SMVR) is pleased to announce that Redline International, Inc. an offshore institutional equity fund has agreed to provide a $5,000,000 equity investment into the company contingent upon the company filing a registration statement and the statement becoming effective. The Company has been seeking strategic growth acquisition targets to bolster its market share and grow revenue to build shareholder value. The Company plans to use these funds to advance the company's business plan.

ABOUT SMART VENTURES Smart Ventures is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. To learn more about the Company, visit: www.sandaydrilling.com

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.

Media Relations: Roger Smith Contact: (832) 717-4412 Email: info@sandaydrilling.com Website: www.sandaydrilling.com

Smart Ventures (CE) (USOTC:SMVR)
Historical Stock Chart
From May 2024 to Jun 2024