SOURCE: SMA Alliance, Inc.

SMA Alliance, Inc.

September 02, 2011 10:07 ET

SMA Alliance Clarifies and Defines Stock Issue and Availability

NASHVILLE, TN--(Marketwire - Sep 2, 2011) - 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, today announced it has completed its accounting of the stock availability and total issue of the company.

The recent inquiries and spike in trading led the company to conduct an interior accounting of the stock issue. As of September 2, 2011 there are 24,089,908 shares of stock issued with 3,415,552 available for trading to the public. This is commonly referred to as the float. The information may be further clarified at:

"We have been inundated with calls from shareholders as well as potential shareholders over the last month and decided to clarify and order a full accounting of the issue," said Anthony Baker, CEO of SMA Alliance.

"The company has now proven growth for the last 9 quarters. We are looking forward to explosive growth in the next year and bringing talented people into our company," he added

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.

Contact Information

  • SMA Alliance, Inc.
    Telephone: 888.330.6623
    E-mail: Email Contact