= no dilution = very good news.
only 100 million resticted shares at two years.
Miami, FL, Aug. 06, 2021 (GLOBE NEWSWIRE) — Smartt Inc., (OTC Pink: CRSM), is pleased to announce the acquisition of Immobilfin S.P.A., a Real Estate company with an asset value of $47.6 Million and generates approximately $1.5 Million per year in revenues. Mr. Roy Capasso, CEO of Smartt, Inc., commented “Smartt, Inc. has signed an agreement for the acquisition of 100% of the shares of Immobilfin S.P.A., Inc. The company owns a commercial building in the center of Naples Italy in front of the Naples’s Harbour. The building is leased to the Italian government, who pays approximately $1.5 million a year. The property is approximately 100,000 square feet with 95 parking spaces. The transaction has closed on August 6, 2021.
The First deposit for the acquisition will be 50,000,000 restricted shares for two years that is equivalent to a value of approximately $1.5 Million. The balance due will be a determinate of the performance of share price during the next two years from future forecasted growth. Smartt, Inc. will have the option to pay in cash before the 2-year restriction has matured.
Miami, FL, Aug. 23, 2021 (GLOBE NEWSWIRE) — Smartt Inc., (OTC Pink: CRSM), is pleased to announce the acquisition of Costrade S.P.A., a Construction company founded in 1951 with a track record of approximately $1 Billion in executed projects during the years of operation. The Company was previously known as Visconti S.P.A. and has been working mostly with the Italian Government for public projects. One of the current projects where Costrade S.P.A is involved, is the LTR (Linea Tranviaria Rapida) which is the “Underground Fast Train” in Campania region in Italy.
Mr. Diego Visconti, Director of Smartt, Inc., commented: “Smartt, Inc. has signed an agreement for the acquisition of 100% of the shares of Costrade S.P.A., Inc. The Company will be a great asset for Smartt, Inc for the construction division. The transaction has closed on August 22, 2021.”
The First deposit for the acquisition will be 50,000,000 restricted shares at two years that is equivalent to a value of approximately $1.1 Million. The balance due will be a determinate by the performance of share price during the next two years from future forecasted growth. Smartt, Inc. will have the option to pay in cash before the 2-year restriction has matured.
