Smart Ventures, Inc. (OTC Pink: SMVR) (PINKSHEETS: SMVR) acquires its joint venture partner Bear Dealer Services LLC as a subsidiary to strengthen its balance sheet and combined credibility for institutional investor funding. Bear Dealer Services LLC is a Waco, Texas based company that provides automotive product warranty sales and a diversified range of automotive products to auto dealerships and its consumers nationwide. The company currently provides these services on-site at major dealerships throughout North America and is continuing its aggressive growth pattern. The company had revenue of more than $1.7 Million. We expect the financials of both companies will be consolidated in our financials. "We are excited to grow our relationship with Bear Dealer Services as our partner, which we believe adds significant value for the growth of both companies," says Roger Smith, CEO.
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. We also formed a midstream transportation division with a fleet of trucks. We began to offer a diverse range of armored vehicles which compliments out midstream transportation division. www.sandaydrilling.com www.smartventuresinc.us
About Bear Dealer Services, LLC
Bear Dealers Services, LLC specializes in building in-house film departments for North American Automotive Dealerships. Bear provides automotive product warranty sales and a diversified range of automotive products to auto dealerships and its consumers nationwide. www.beardealerservices.com
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SOURCE: Smart Ventures, Inc.