SMAA Details USAutoplex.com Acquisition and Revenue Forecast
(firmenpresse) - NASHVILLE, TN -- (Marketwire) -- 09/12/11 -- SMA Alliance, Inc. (PINKSHEETS: SMAA), the leader in cutting edge software generating unprecedented traffic to retailers of the automotive industry at local and national levels, details the terms of the acquisition of as announced on Thursday, Sept. 08, and resulting immediate revenue forecasts.
USAutoplex.com is a website which indexes and presents each automobile dealer's real-time inventory in one location, making automobiles easily searchable based on very expansive search criteria, suited for all types of car shoppers. USAutoplex.com, combined with SMAA technology, pulls and aggregates the majority of local buying demand for automobiles into USAutoplex.com specifically for each dealer subscribed to USAutoplex.com, in each local market.
Built on SMAA technology and scalable to be the largest automotive inventory website in the world, company officials expect USAutoplex.com to develop approximately 24 million dollars in annual revenues by the close of the NADA conference held in Las Vegas in February, 2012.
This revenue forecast will be achieved by:
1. Competitive pricing designed to decimate the survivability of competing agencies, while retaining superior net profits due to SMAA's proven technology and applications;
2. Inexpensive yet very powerful strategic National marketing campaigns branding USAutoplex.com as superior to current brand names offering a fraction of SMAA's proven daily results;
3. Superior salesmanship of the best experienced automobile industry experts with proven track records and relationships reaching the very top of the automotive industry;
4. Continued deliverance of up to 4x's (400%) of exclusive buyers daily to its automobile dealer clients compared to all competitors, and;
5. Integration of new SMAA technology-based products such as the anti-auction dealer tool which drove over 900 telephone lead calls to one dealership in 12 hours, as reported in previous release.
The company had previously retained 5% ownership for a real value of $575,000, completing the acquisition of the additional 95% for $7,000,000, totaling a complete ownership of 100% of the USAutoplex.com asset for $7,575,000.
The terms of acquisition are defined below:
Total acquisition of all property and rights: $7,000,000.
Cash terms: $2,000,000 paid over 24 months.
Stock terms: common restricted of $5,000,000 based on the average closing price of SMAA stock for the 5 consecutive trading days after the effective date of the 10 for 1 stock split.
"We believe this acquisition of USAutoplex.com to be antidilutive as it is a revenue producing asset that should generate 24 million dollars by the coming NADA Conference in February, where we should write over $20,000,000 in contracts alone," stated Anthony Baker, CEO. "We should make 3 times its price over the next few quarters before we finish paying for it!"
The company has officially filed its petition to Finra, requesting the effective date of September 23rd, 2011, to forward split its common stock 10 for 1. The effective date changed from previous announcement to give sufficient reaction time for financial regulatory authorities and the company's shareholders.
The company thanks in advance, Finra, John Thomas, Esq., Standard Registrar and Trust, and Depository Trust Company for expediting the company's official market business.
SMA Alliance, Inc. (SMAA) is a software and application company aggregating local buying demand for businesses.
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings on . Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of statements in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
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SMA Alliance, Inc.
Telephone: 888.330.6623
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Datum: 12.09.2011 - 13:12 Uhr
Sprache: Deutsch
News-ID 64788
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NASHVILLE, TN
Kategorie:
Cars
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