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Smart Ventures Announces Acquisition of Transportation Fleet
Smart Ventures Announces Acquisition of Transportation Fleet
HOUSTON, TX--(Marketwired - Apr 14, 2014) - SMART VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR)
Smart Ventures, Inc. is pleased to announce that we have acquired a fleet of tractor trailer trucks to meet demand in the midstream transportation industry. The company has established a relationship with a carrier/fleet management company that has contracts to put the trucks into service this month, which will start generating revenue for the company.
Our goal is to generate more revenue and profits as a full service turn-key engineering firm, midstream transportation and independent oil and gas production company.
We have expanded our services into transportation as previously announced plans, through acquiring a fleet of trucks. We decided to enter into the midstream asset business of transportation because of its relative high profit margins of 40-50%, which should provide our stakeholders a better share price evaluation through increased revenue, strong assets and a more diversified business. We plan to continue to build our fleet of tractor trailer trucks over the next year.
In 2014, The Port of Houston Authority began a major expansion in preparation for the bigger ships expected through the 2015 Panama Canal expansion. The authority plans to spend approximately $120 million to dredge the channels that link its container terminals at Bayport and Barbours Cut. Additionally, a $5.2 billion project, which will triple the canal's capacity by adding a third set of locks, will be ready for commercial transits mid-2015. This will allow for super tankers to enter the port, which is huge considering Texas is one of the largest oil producing states in the country. There is a shortage of trucks to fill the demand, so we are rapidly expanding to meet this need in the midstream transportation industry.
"We believe this strategic growth plan is in line with our business plans for the company and adds significant assets to our books which generate revenue, thus creating shareholder value," says Roger Smith, CEO.
