SMC Entertainment Inc (SMCE)

[StockRoomBully]

Genesis Assets: The Financial Link Group and Ballast Group

CLASSROOM MAY I HAVE YOUR ATTENTION?

On 30th June 2020, Genesis Financial Inc acquired the Group. Genesis is a globally diversified financial services company with a fous on Fintech Investment, Wealth Management and Lending Platforms. Today we have approximately 150 plus authorised representatives, $1.5B FUM and roughly $50M PIF.

The Ballast Group represents $120 million (USD$85 million) in funds under management (FUM) and has a strong affiliation with its clients long term. Ballast operates a business with high gross margins which have driven an EBITDA for the fiscal year ended June 30, 2020 of AUD$2.05 million (USD$1.45 million) and had over AUD$1.8 million ($1.276 million) cash in hand at June 30, 2020 which will be consolidated into Genesis’s June 30, 2020 balance sheet (all subject to audit).