Smart Move, Inc. Announces Results of Annual Meeting
25 Juni 2008 - 8:23PM
PR Newswire (US)
DENVER, June 25 /PRNewswire-FirstCall/ -- Smart Move, Inc.,
(AMEX:MVE) a Denver-based logistics company, today announced today
that all three proposals voted on at its annual meeting of
stockholders on June 24, 2008 were approved by a majority of
shareholders entitled to vote at the meeting. The proposals were
detailed in the proxy statement mailed to the company's
stockholders and included election for an additional three-year
term of two independent members currently serving on the board of
directors, approval of the potential issuance of shares of common
stock by the company in excess of the 20% limitation imposed by the
rules of the American Stock Exchange, and an amendment to the
company's 2006 Equity Incentive Plan to increase the total number
of shares approved for issuance under the plan from 1,400,000 to
1,900,000. Chris Sapyta, President and CEO, said, "We are pleased
with the results of the voting and appreciate the continued support
from our shareholders for our management team and board of
directors. We are looking forward to advancing our business plan
and pursuing initiatives that we believe will lead to improved
value for all shareholders." About Smart Move: Smart Move is an
innovative logistics company providing services through deployment
of a fleet of Company-owned, SmartVault(TM) shipping containers to
execute the movement of goods. Smart Move utilizes its proprietary
and licensed technologies to efficiently manage its fleet of
assets, providing superior security, scheduling flexibility and
expedited service on behalf of its customers and alliance partners.
Smart Move sells its services direct to moving consumers, and
provides moving capacity and guaranteed logistic services to van
lines and agents nation wide. Smart Move has operations in the top
61 cities in the USA and can service over 92 percent of the US
population. http://www.gosmartmove.com/ Safe Harbor Statement This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, such as statements that
include the words "believes," "expects," "anticipates," "intends,"
"look forward to" or similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties, and
other factors that may cause the actual results, performance or
achievements of the Company to differ materially from those implied
or expressed by such forward-looking statements. Such factors
include, among others, the risk factors included in the Company's
Annual Report on Form 10-KSB for the fiscal year ended December 31,
2007 and all subsequent reports filed with the Securities and
Exchange Commission under the Securities Exchange Act of 1934. This
press release speaks as of the date first set forth above and the
Company assumes no responsibility to update the information
included herein for events occurring after the date hereof. Contact
information Smart Move, Inc. Pete Bloomquist, 303-339-9558,
DATASOURCE: Smart Move, Inc. CONTACT: Pete Bloomquist of Smart
Move, Inc., +1-303-339-9558, Web site: http://www.gosmartmove.com/
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