SOURCE: SMA Alliance, Inc.

SMA Alliance, Inc.

May 12, 2011 21:34 ET

Inventbay.com, Inc. Statement of Actions From the Board of Directors

NASHVILLE, TN--(Marketwire - May 12, 2011) - (PINKSHEETS: INVB) -- The Board of Directors, by unanimous consent and by the majority of Shareholders and all presents, has effected a certain change of name of Inventbay.com, Inc. to SMA Alliance, Inc., through its charter in Delaware.

Additionally, the board of Directors has filed for a change of symbol and CUSIP to further reflect the resolve of the company to better represent its operations of SMA Alliance, in the automobile industry and additional markets it plans to serve in the near term. More news is forthcoming as events develop.

Further still, to better serve the greater good of its shareholders and to ensure economic stability, the company has filed a reverse split of its capital stock at one share for each one hundred shares outstanding.

While the focus of the company shifts from proving market viability to increasing market share and retention, the company is reviewing financing options to strengthen its capability to increase its market growth in the automobile vertical. The company shall strive to update its shareholders consistently of these daily gains.

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
    Facsimile: 615.691.7373
    E-mail: Email Contact