LAS VEGAS--(BUSINESS WIRE)--
Holdings, Inc. (SMHS.PK),
announced today that its Board of Directors has approved a 90/1 reverse
split with 1 billion authorized shares. This does not diminish the value
of shareholder equity, as the share reduction will be offset by a
proportional increase in share price. The Company has not yet determined
the record date and effective date.
The Company has continually been marketing its product line and has
developed a warranty sales model that is showing excellent potential for
long-term success. The Company's goal is to build on its current
resources and marketing experience which has been gained from running TV
campaigns and incorporating multiple 3rd party sales centers
with years of experience selling auto extended warranties.
The Company is continuing its TV marketing and sales efforts at the same
time and is focusing on increasing extended warranty sales which have
been the most profitable for the company to date. The warranty program
has been improving with each campaign and is now ready for a roll out
program on National TV. The company is expecting this to be a positive
change that will benefit shareholders in the long run.
About Smart Holdings, Inc.
Headquartered in Henderson, NV,
Smart Holdings, Inc., through its wholly owned subsidiary, Assurance
Group Direct, is in the business of selling automotive extended service
plans and prescription discount plans on a nationwide basis. Products
now being sold include Prescription Medication Savings Plan and the
Dental, Vision, Hearing and Chiropractic savings plans. The company is
marketing directly to consumers through national television, Internet
and other mass medias including social networking.
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Forward Looking Statements
This press release includes
statements that constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Reform Act"). Smart Holdings, Inc. claims the protection of the
safe-harbor for forward-looking statements contained in the Reform Act.
These forward-looking statements are often characterized by the terms
"may," "believes," "projects," "expects," or "anticipates," and do not
reflect historical facts. Specific forward-looking statements contained
in this press release include, but are not limited to: our successful
integration of diversified growth companies, impact of the company's
expansion plan, and new business development success, future financial
results, development and acquisition of new product lines and services,
the impact of competitive products or pricing from technological
changes, the effect of economic conditions and other uncertainties.