$SMCE - SMC Entertainment Provides Shareholder Update and Plans for Continued GrowthPress Release | 11/26/2019
SAN FRANCISCO, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a provider of wireless communications services, digital content and media distribution solutions, released the following shareholder update from SMC’s Chairman and CEO Rick Bjorklund as part of his commitment to continually communicate with shareholders.
Dear Valued Current and Future Shareholders:
SMC’s management team has been working on a number of initiatives to diversify our Company’s business strategies. Unlocking shareholder value remains the cornerstone of our management team goal.
Future Acquisitions. We continue to look for and evaluate complementary acquisitions that fit within our frame of business strategies and growth opportunities. The recently completed acquisition of FiberSKY Networks, Inc. is a prime example of what we see as our growth and diversification strategies.
Additional Management Team Members. The current SMC management team will be the main driver for our anticipated growth. As we acquire additional companies, there could be management team expansion and additional officers and Board members.
Update on Corporate Name and Trading Symbol Change. Per earlier communication, it’s our intention to rebrand SMC from its current name to FIBERSKY CORP., and change our trading symbol. Our securities attorney has responded to the majority of FINRA’s comments and clarification requests. One item remains to be addressed that deals with a historical filing that predates current management’s knowledge. We expect our securities attorney to address this and other items that might arise in the course of FINRA’s review very soon.
Share Capital Structure. According to SMC’s Stock Transfer Agent’s records and as at 11/25/2019, our total outstanding common shares are 346,626,974; total restricted common shares are 223,339,506; total non-restricted common shares are 123,287,468; total Cede & Co (DTC) common shares are 64,329,070; and public float common shares are 75,769,070.
As we come to the closing of 2019, we are proud of the initiatives and decisions we made to build a stronger foundation for our anticipated growth in 2020 and beyond. Our management team and group of companies thrive on the energy of our mission and goals.
