SMC Entertainment Inc (SMCE)

[jokinjoe]

Expecting big things after the next PR!...SMCE Signs Letter of Intent to Acquire Stake in a SEC Registered and FINRA Regulated Broker Dealer

BOCA RATON, FL / ACCESSWIRE / February 28, 2023 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), an incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce that it has signed a Letter of Intent ("LOI") to acquire a minority stake in a SEC registered and FINRA regulated broker dealer ("Broker Dealer") for equity pending FINRA approval;.

The acquisition and execution of the definitive agreement for the Broker Dealer, based in Texas, is anticipated to close after completion of due diligence by both parties and approval from regulatory agencies including FINRA.

SMC recently announced its intent to acquire AI-enabled wealth management technology platform provider, Fyniti Global Equities EBT Inc. ("Fyniti").

Fyniti (www.fyniti.com, www.fynitiiq.com) is a Fintech developer and provider of technology that combines Artificial Intelligence/Machine Learning (AI/ML) driven Quantitative investing (IQ Engine) with AI-enabled wealth management Electronic Block Trading ("EBT") technology.

"These two recent acquisitions are in-line with the direction we are moving. Adding a Broker Dealer to our portfolio of companies at this juncture was paramount, as this will enable us to execute on Fyniti's platform and facilitate the cross-product pollination into Fyniti's products and services," stated Erik Blum, SMC's CEO. "We look forward to many more accretive acquisitions as we continue laying the foundation for SMC to become a premium boutique Fintech provider; to the benefit of our shareholders"

About Fyniti Global Equities EBT Inc.

Fyniti Global Equities EBT Inc. is a Fintech platform developer founded by veteran wall street technologists and investment bankers. Fyniti has a clear focus on developing disruptive technologies in the Wealth Management and capital market domains. Fyniti owns the IQ Engine and EBT technology which combine to provide AI driven Quantitative investing and AI based Basket Trading platforms.

About SMC Entertainment, Inc.

SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information, visit www.smceinc.com.

https://twitter.com/ProfitMakerJoe1/status/1661819379510591488

With this low share structure and the direction SMCE is heading, I see this going .15 to .20 maybe higher, once the FOMO spikes hit the crowd. Recent runners with this share structure and good DD and very minimal dilution, have run much higher than that. The next PR will announce the closing of the stake in the SEC registered and FINRA regulated broker dealer ("Broker Dealer"). That PR will send this soaring, and should contain a better glimpse of the big picture of the total direction SMCE is heading. That will create the greatest FOMO this stock has ever seen!

Authorized Shares
1,450,000,000

Outstanding Shares
1,042,742,561

Restricted
683,955,093

Unrestricted
358,787,468

05/24/2023