SOURCE: Smart Ventures, Inc.

May 08, 2014 09:50 ET

Smart Ventures Releases Earnings Report

HOUSTON, TX--(Marketwired - May 8, 2014) - SMART VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR)

Smart Ventures, Inc. is pleased to announce that it has released its quarterly earnings report via OTC Markets. As shown in our financial statements, the Company has consolidated operating revenues of $1,049,590 for the period ending April 30, 2014.

Comparison of Operating Results for the Period ended April 30, 2014 and the same period in 2013.
We had operating revenue of $154,353 in the first quarter last year, and $1,049,590 same period this year.

Consolidated Revenue and Operating Expenses
Our consolidated revenues and operating expenses were $1,049,590 and $240,634 respectively.

Resources Assets and Liabilities
At April 30, 2014 we had assets of $3,139,246 in furniture, vehicles, computers and equity investments in other entities. We also had 80 acres of oil and gas mineral lease in Florida. Our liabilities totaled $85,000 advanced from shareholder loans to the company of which $70,000 went towards financing tractor trailer trucks for our transportation services division. We believe our assets and existing revenues are sufficient to maintain continuous operations.

The full financials may be reviewed by visiting:

"We are trending toward healthy revenue and profit levels which will ultimately lead to tremendous growth, building shareholder value," says Roger Smith, CEO.

About Cannabis Funding Group
Cannabis Funding Group, Inc., a Colorado corporation, is a wholly owned subsidiary of Smart Ventures, Inc. CFG is a strategic investment partner for entrepreneurs in a diversified range of cannabis related businesses.

About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. We offer a diverse range of armored vehicles which compliments out midstream transportation division. Additionally we expanded into the cannabis industry through our subsidiary company Cannabis Funding Group, Inc. 

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

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