NEWS: "SMART VENTURES ANNOUNCE SIGNIFICANT GROWTH PLANS"
http://www.otcmarkets.com/stock/SMVR/news/SMART-VENTURES-AANOUNCES-SIGNIFICANT-GROWTH-PLANS?id=108556&b=y
Houston, Texas, June 30, 2015 –SMART VENTURES, INC. (SMVR: OTC)
SMART VENTURES ANNOUNCE SIGNIFICANT GROWTH PLANS
Dear Stakeholders
SMART VENTURES, INC management wanted to take this opportunity to provide our shareholders with an update on the companies forward looking plans and most recent developments. The company has been in negotiations for a private public partnership (PPP) to provide Engineering Procurement Construction (EPC) in East Africa to construct a 200 Mw power plant with a world known EPC partner. Smart Ventures would own an equity stake of approx. 15-20% of the power plant and earn EPC revenue during construction approx. 10% of the plant budget. The Private Public Partnership would include government power purchase agreement and land concession. The company has also received new oil drilling contract assignment in Abu Dhabi for a major oil company which will begin soon. The company has signed a preliminary term sheet with a hedge fund for a $3,000,000 equity line of credit, which is currently going through underwriting and due diligence. We hope to announce the final terms once completed. The structure would provide an initial funding round which will enable the company to retain legal counsel to file its S1 and retain auditors to become fully reporting company as part of the registration process. We have already received the review and cost by the audit firm and counsel. The balance of the line of credit draw will be subject to an S1 registration statement being filed. The Company plans to utilize the balance of the line of credit to acquire proven producing oil and gas assets and shallow oil well rework projects, which tend to offer significant upside through recovering oil trapped in the reservoir, thus improving revenue and increasing our profit margins. We are aggressively working to improve shareholder value and strategies to improve the price per share including plans to retain an IR firm.
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, EPC, development, production, and exploration of oil, gas and mining minerals internationally. We have diversified our products offerings into the specialty chemical market, armored vehicles and the legalized Cannabis market.
www.smartventuresinc.us www.cannabisfundinggrouplp.com
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
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.
Media Relations: Roger Smith
Contact: (832) 717-4412
Email: Roger@smartventuresinc.us
Websites: www.smartventuresinc.us www.cannabisfundinggrouplp.com
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