SMA Alliance Signs Definitive Agreement to Acquire CARS.NET
2012-09-19 15:55 ET - News Release
NASHVILLE, TN -- (Marketwire) -- 09/19/12
SMA Alliance (PINKSHEETS: SMAA), a marketing provider of automotive lead distribution, has signed a definitive agreement to acquire CARS.NET, an immense automotive website with a user-friendly interface that enables customers to search and research vehicles in their local area. This acquisition will enable SMA to supercharge the CARS.NET ecosystem and will enhance competition in the automotive advertising sector.
CARS.NET currently contains 13,171 unique automobile dealership inventories, not including SMA's current client inventory base. According to the definitive agreement, SMA's software will be incorporated into the CARS.NET platform to integrate up to five million unique viewers per month.
CEO Timothy Stephens's states: "SMA with CARS.NET is a very important milestone for our company. This acquisition elevates SMA's position in the automotive market to be recognized as one of the largest automotive advertising platforms available to dealership franchises and manufacturers."
About
SMA Alliance, Inc. operates as a software application company and provides marketing and advertising solutions by targeting Internet applications focused on lead generation. SMA client base includes retailers and manufacturers by steering live buyers to clients through conversion of online product interest. By using its managed system technologies, SMA consistently provides buying demand on a daily basis for clients through application and continued development of their proprietary technology systems.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Contact:
SMA ALLIANCE, INC.
Investor Relations
1.888.330.6623
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