SOURCE: Smart Ventures

Smart Ventures Announces Acquisition of Transportation Fleet

SMART VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR)

 

Smart Ventures, Inc. is pleased to announce that we have acquired a fleet of tractor trailer trucks to meet demand in the midstream transportation industry. The company has established a relationship with a carrier/fleet management company that has contracts to put the trucks into service this month, which will start generating revenue for the company.

 

Our goal is to generate more revenue and profits as a full service turn-key engineering firm, midstream transportation and independent oil and gas production company.

 

We have expanded our services into transportation as previously announced plans, through acquiring a fleet of trucks. We decided to enter into the midstream asset business of transportation because of its relative high profit margins of 40-50%, which should provide our stakeholders a better share price evaluation through increased revenue, strong assets and a more diversified business. We plan to continue to build our fleet of tractor trailer trucks over the next year.

 

In 2014, The Port of Houston Authority began a major expansion in preparation for the bigger ships expected through the 2015 Panama Canal expansion. The authority plans to spend approximately $120 million to dredge the channels that link its container terminals at Bayport and Barbours Cut. Additionally, a $5.2 billion project, which will triple the canal's capacity by adding a third set of locks, will be ready for commercial transits mid-2015. This will allow for super tankers to enter the port, which is huge considering Texas is one of the largest oil producing states in the country. There is a shortage of trucks to fill the demand, so we are rapidly expanding to meet this need in the midstream transportation industry.

 

"We believe this strategic growth plan is in line with our business plans for the company and adds significant assets to our books which generate revenue, thus creating shareholder value," says Roger Smith, CEO.

 

About Smart Ventures

Smart Ventures, Inc. is also an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. Additionally we expanded into the cannabis industry through our subsidiary company Cannabis Funding Group, Inc. www.smartventuresinc.com

 

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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: info@sandaydrilling.com
Website: www.smartventuresinc.com www.sandaydrilling.com

 

 

SOURCE: Smart Ventures, Inc.