SOURCE: SMA Alliance, Inc.
NASHVILLE, TN--(Marketwire - Sep 8, 2011) - SMA Alliance, Inc. (PINKSHEETS: SMAA), the leader in cutting edge software generating unprecedented traffic to retailers of the automotive industry at local and national levels, announced today that its board of directors gained majority shareholder consent to acquire 100% ownership of USAutoplex.com for $7,000,000.
The acquisition of www.USAutoplex.com as a wholly owned subsidiary of SMA Alliance, Inc. (PINKSHEETS: SMAA) solidifies the company's resolve to meet its target of dominating 10% market-share of the lucrative $6.25 billion automobile retail advertising industry (annual) from the 4th quarter of 2011 through the 1st quarter of 2013. The company believes that through its new subsidiary, USAutoplex.com, it will greatly accelerate its current rate of revenue growth of 100% average per quarter and increase its quarterly net revenues beyond its average of 25%.
USAutoplex.com is an online retail showcase of auto dealers' inventory similar to autotrader.com, but built on SMAA's proven technology platform, which increases auto dealers' gross monthly sales by 30% and up to 70% for car dealers based in major metropolitan areas.
This full acquisition, from a company related interest, was driven by unprecedented results of its new product, found at http://theautomotivesuperhighway.com/, which produced over 900 telephone calls for one automobile dealer in a 12 hour period of one day, generating 271 appointments for active, local car buyers, looking to trade in cars and buy new ones.
"This product is the greatest sales marketing software I have ever seen in my life!" stated Lance Fenton, President of the Fenton Automotive Group. Fenton Automotive Group owns and manages 12 dealerships of Ford, General Motors, Honda, Nissan and Hyundai in Texas, Oklahoma, and Kansas.
USAutoplex.com, combined with SMAA's superior technology, establishes the model to easily define SMAA's technology as a value for automobile retailers, especially in direct competition with any and all competitors in its space.
"Through USAutoplex.com we project an immediate return of $24 million over the next 4 quarters and we have a clear platform to expand into Canada and European countries with easily proven and public statistics over the next 90 days," stated Anthony Baker, CEO of SMA Alliance, Inc.
Following releases will clarify SMAA's strategy to fulfill its goals of possessing 10% U.S. market share, expansion of its software in additional international markets and new verticals of varied retail products such as finance, real estate, employment, etc.
SMA Alliance, Inc. (SMAA) is a software and application company aggregating local buying demand for businesses.
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company's filings on www.otcmarkets.com. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of statements in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.