SOURCE: SMA Alliance, Inc.

SMA Alliance, Inc.

May 13, 2011 08:30 ET

The Board of Directors of SMA Alliance, Inc., fka Inventbay.com, Inc. (PINKSHEETS: INVB), to provide Shareholder Update to Q1 Filings

NASHVILLE, TN--(Marketwire - May 13, 2011) - SMA Alliance, Inc. (PINKSHEETS: INVB) states the increase in revenue reflected for the first quarter period of 2011 is substantial compared to the same period in the previous year. The net earnings decreased due primarily to increased investment into support and fulfillment infrastructure and into general security. Additional information may be found at http://www.otcmarkets.com/stock/INVB/financials.

The company believes it's in its best interest to minimize share positions which have been unbeneficial and unknown for a period of years. This action to reverse split the company's stock could allow market forces to refresh the capitalization of the company's value, in light of anticipated growth in the second quarter period of operations and its plans to attract credible institutional investment.

The company maintains a positive view towards execution of the business it is developing, the potential to split the stock in advantageous times to the benefit of its shareholders and corporate objectives, as well as registration statements in accordance with increased benefit to its shareholders, market visibility and credibility.

The company has outlined its objectives regarding its health and visibility in and through the capital markets of its capital stock and are as follows: 1) to complete the necessary steps to comply with market listing requirements at the otcmarkets.com and related regulatory bodies; 2) to select and retain a PCAOB auditor and complete the audits of its books and records to qualify for market listing on a national exchange; 3) to achieve the necessary requirements, both in market capitalization and revenue requirements, generating liquidity and free-market health while on its current exchange and its selected exchange; 4) to continue to maintain and increase healthy financial reserves through revenue growth, budgetary management of its resources and beneficial financing to increase its automobile dealer market share with stability.

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 www.otcmarkets.com. 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 any statement 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.

Contact Information

  • Contact:
    SMA Alliance
    Telephone: 888.330.6623
    E-mail: Email Contact