SMC Entertainment Inc (SMCE)

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Rick Bjorklund, President and CEO of SMC stated, "Since joining the SMC team in 2018, we've continued to look for acquisition opportunities in fragmented markets with a reasonable acquisition valuation. This acquisition provides SMC with additional revenues and strengthens our tangible assets on our balance sheet. We believe there are more strategic acquisitions in this space and we will invest our time to find the right synergetic opportunities to expand."

Dan Barbacovick, founder and owner of Spectrum LLC state, " We are delighted that SMC Entertainment has confidence is our strategy for growth. Rick Bjorklund has significant experience in the community event business which fits very well with Spectrum's goals and vision! "

SMCE