Smart Move, Inc. Completes Issuance of $1.5 Million in Equity From Restricted Common Stock and Debt Conversion
19 Septembre 2008 - 3:53PM
PR Newswire (US)
DENVER, Sept. 19 /PRNewswire-FirstCall/ -- Smart Move, Inc.
(AMEX:MVE) today announced that the restricted securities described
in the Company's 8K filed on August 1, 2008 have been approved for
listing on the American Stock Exchange. The Company previously
received the $750,000 gross subscription amount and an election to
convert $740,000 of debt to restricted common stock from one
investor. Completion of the transaction remained subject to the
Amex listing approval which was received September 18, 2008. Chris
Sapyta, CEO, stated, "It is very encouraging to receive this
support from one of our significant shareholders as we remain
focused on continuing the growth of our company." About Smart Move,
Inc. Smart Move is an innovative logistics company providing
services through deployment of a fleet of Company-owned,
SmartVault(TM) shipping containers to execute the movement of
goods. Smart Move utilizes its proprietary and licensed
technologies to efficiently manage its fleet of assets, providing
superior security, scheduling flexibility and expedited service on
behalf of its customers and alliance partners. Smart Move sells its
services direct to moving consumers as well as providing moving
capacity and guaranteed logistic services to van lines and agents
nation wide. Smart Move has operations in the top 60 cities in the
USA and its services are available to over 92% of the US
population. Visit Smart Move's web site at
http://www.gosmartmove.com/. Safe Harbor Statement Under The U.S.
Private Securities Litigation Reform Act Of 1995 Certain statements
in this release which are not historical facts are forward-looking
statements such as statements relating to future operating results,
existing and expected competition, financing and refinancing
sources and availability and plans for future development or
expansion activities and capital expenditures. These
"forward-looking statements" are within the meaning of the Private
Securities Litigation Reform Act of 1995. In many but not all cases
you can identify forward-looking statements by words such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "should," "will" and "would" or the
negative of these terms or other similar expressions. These
forward-looking statements include statements regarding the
company's expectations, beliefs, or intentions about the future,
and are based on information available to the company at this time.
Smart Move assumes no obligation to update any of these statements
and specifically declines any obligation to update or correct any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events. Such forward-looking
statements involve a number of risks and uncertainties that may
significantly affect our liquidity and results in the future and,
accordingly, actual results may differ materially from those
expressed in any forward-looking statements. Such risks and
uncertainties include, but are not limited to, those related to the
success of our capital raising efforts and other risk factors
described from time to time in the company's periodic reports,
including its annual report filed on Form 10-KSB for the year ended
December 31, 2007 and its quarterly reports on Form 10-Q for the
periods ended March 31, 2008 and June 30, 2008. Investor Relations
Contact: Pete Bloomquist Smart Move, Inc. 303-339-9558 DATASOURCE:
Smart Move, Inc. CONTACT: Investor Relations, Pete Bloomquist of
Smart Move, Inc., +1-303-339-9558 Web site:
http://www.gosmartmove.com/
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