SOURCE: SMA Alliance, Inc.

SMA Alliance, Inc.

August 05, 2011 08:00 ET

SMAA Q2 Earnings Report

NASHVILLE, TN--(Marketwire - Aug 5, 2011) - SMA Alliance, Inc. (PINKSHEETS: SMAA) announces its filing of its second fiscal quarter results of operations ended June 30, 2011.

On Thursday, August 4, 2011, SMA Alliance filed its fiscal second quarter results with OTC Markets. A detailed report may be found here: http://www.otcmarkets.com/stock/SMAA/financials.

For Q2, 2011:

Gross revenues from operations at SMA Alliance were $1,892,928.16 for the fiscal quarter ended June 30, 2011 (2nd quarter), which represents an 88.12% increase compared to $1,006,234.08 in gross revenues from operations in the first quarter ending March 31 of 2011.

Net Revenues from operations at SMA Alliance were $496,160.36 for the fiscal quarter ended June 30, 2011 (2nd quarter), which represents an 129.82% increase compared to $215,881.99 in gross revenues from operations in the first quarter ending March 31 of 2011.

"We are doubling every quarter and believe we can continue this trend as we have built this company from nothing with consistent growth," said Antony Baker, CEO.

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 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 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

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