SMART VENTURES ANNOUNCE SIGNIFICANT GROWTH PLANS
30 Juni 2015 - 3:30PM
InvestorsHub NewsWire
Houston, TX -- June 30, 2015 --
InvestorsHub NewsWire -- SMART VENTURES, INC. (SMVR:
OTC) SMART
VENTURES ANNOUNCE SIGNIFICANT GROWTH
PLANS
Dear
Stakeholders
SMART VENTURES,
INC management
wanted to take this opportunity to provide our shareholders with an
update on the companies forward looking plans and most recent
developments. The company has been in negotiations for a private
public partnership (PPP) to provide Engineering Procurement
Construction (EPC) in East Africa to construct a 200 Mw power plant
with a world known EPC partner. Smart Ventures would own an equity
stake of approx. 15-20% of the power plant and earn EPC revenue
during construction approx. 10% of the plant budget. The Private
Public Partnership would include government power purchase
agreement and land concession. The company has also received new
oil drilling contract assignment in Abu Dhabi for a major oil
company which will begin soon. The company has signed a preliminary
term sheet with a hedge fund for a $3,000,000 equity line of
credit, which is currently going through underwriting and due
diligence. We hope to announce the final terms once completed. The
structure would provide an initial funding round which will enable
the company to retain legal counsel to file its S1 and retain
auditors to become fully reporting company as part of the
registration process. We have already received the review and cost
by the audit firm and counsel. The balance of the line of credit
draw will be subject to an S1 registration statement being filed.
The Company plans to utilize the balance of the line of credit to
acquire proven producing oil and gas assets and shallow oil well
rework projects, which tend to offer significant upside through
recovering oil trapped in the reservoir, thus improving revenue and
increasing our profit margins. We are aggressively working to
improve shareholder value and strategies to improve the price per
share including plans to retain an IR firm.
About Smart
Ventures
Smart Ventures,
Inc. is an independent energy
company engaged in engineering extended reach drilling services,
acquisition, EPC, development, production, and exploration of oil,
gas and mining minerals internationally. We have diversified our
products offerings into the specialty chemical market, armored
vehicles and the legalized Cannabis market.
www.smartventuresinc.us
www.cannabisfundinggrouplp.com
CAUTIONARY STATEMENTS REGARDING
FORWARD-LOOKING STATEMENTS
This press release contains
forward-looking statements that involve a number of risks and
uncertainties. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as
“believes,” “expects,” “may,” “will,” “intends, “plans,” “should,”
“seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or
other variations thereof (including their use in the negative), or
by discussions of strategies, plans or intentions. A
number of factors could cause results to differ materially from
those anticipated by such forward-looking statements, including
those discussed under “Risk Factors” and “Our Business.”
Forward-looking statements are subject to known and unknown risks
and uncertainties and are based on potentially inaccurate
assumptions that could cause actual results to differ materially
from those expected or implied by the forward-looking
statements. Our actual results could differ materially from
those anticipated in the forward-looking statements for many
reasons.
Safe Harbor: This release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 27E of the Securities Act of 1934. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated
actions.
Media Relations: Roger
Smith
Contact: (832) 717-4412
Email: Roger@smartventuresinc.us
Websites: www.smartventuresinc.us
www.cannabisfundinggrouplp.com
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