HOUSTON, TX - March 24, 2014 - SMART VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR) is pleased to announce that the Company has signed a joint venture agreement with Mobile Vending, Inc. a California vending company which has distribution channels, manufacturers for medical marijuana vending dispensaries in California and Colorado. The Company's intention is to expand and renovate the distribution process with new State-of-the-art equipment and advanced manufacturing techniques in an effort to capitalize on the recent legalization and resulting high demand of cannabis in the state of Colorado.
The joint venture will also seek to develop kiosk payment solutions with biometric identity technology for payment processing in States licensed to retail medical marijuana. The kiosk will accept cashless payments such as credit cards, mobile payments and other electronic wallet payments to alleviate cash payment stress placed on cannabis retailers. The joint venture formed a Colorado Corporation known as "Cannabis Funding Group, Inc." which is now a wholly owned subsidiary of Smart Ventures, Inc.
About Cannabis Funding Group
Cannabis Funding Group, Inc., a Colorado corporation is a wholly owned subsidiary of Smart Ventures, Inc. CFG is a strategic investment partner for entrepreneurs in a diversified range of cannabis related businesses. We form joint ventures with partners seeking growth capital to start, develop and grow their business. We have strategic partners to help cannabis related businesses go public if public exposure and access to capital beyond our initial investment is what you need. We form partnerships with management teams that have a clear direction and plan for entering or growing in the cannabis industry. We can assist our partners with startup cost such as licensing fees and initial equipment/inventory cost associated with starting a business in legalized States. Our goal is not to take control or run our partners business, but to help our portfolio partners grow and build shareholder value through diversified revenue streams and great return on investment. www.cannabisfundinggroup.net
About Mobile Vending, Inc.
Mobile Vending Services, Inc., a joint venture partner located in the State of California in the mobile vending machine space with distribution channels, manufacturers for medical marijuana vending dispensaries and edible cannabis vending capabilities. Mobile Vending also has introduced a cashless kiosk vending technology as part of the joint venture for the cannabis market. www.coinlessvending.com
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. Smart Ventures is now looking at other strategic investments to grow revenue such as the Cannabis industry. To learn more about the Company, visit: www.smartventuresinc.com and www.sandaydrilling.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.
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
Phone: (832) 717-4412
Email: email@example.com or firstname.lastname@example.org
Website: www.smartventuresinc.com and www.sandaydrilling.com
SOURCE: Smart Ventures, Inc.