NASHVILLE, TN--(Marketwired - Jan 17, 2014) - SMA Alliance, Inc. (PINKSHEETS: SMAA) announced today that, pursuant to a special meeting of the Board of Directors, the Directors have passed a resolution approving a stock dividend to all stockholders of record. The exact timing and setting of the official record date will be shortly announced pending FINRA's final approval.
In anticipation of the implementation of the company's new goals and objectives, and as a reward for the past loyalty and patience the shareholders have shown, the Board has approved a Stock Dividend that will pay all shareholders of record a 10% stock dividend. This dividend would issue each shareholder 10 new SMA Alliance, Inc. shares for every 100 held.
The company has requested a record date of 1/29/2014 with a distribution date of 2/3/2014. New share certificates will be mailed directly to all qualifying shareholders of record by the Company's Transfer Agent within 30 days of the Record Date. The Company recommends that all stockholders contact their brokers to ensure their mailing information is current so that there will not be any issues in the delivery of the new stock certificates.
"We have approved this Stock Dividend to reward the loyalty and patience the shareholders have shown and look forward to their continued loyalty as we implement our growth plans and focus into the new year," stated Troy Martocia, C.E.O. of SMA Alliance, Inc.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees", "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.