SMC Entertainment Signs Letter of Intent to Acquire FiberSKY Networks, Inc.
15 Juillet 2019 - 12:00PM
InvestorsHub NewsWire
SMC Entertainment Signs Letter of
Intent to Acquire FiberSKY Networks, Inc.
San Francisco,
CA -- July 15, 2019 -- InvestorsHub NewsWire -- SMC Entertainment,
Inc. (“SMC” or the
“Company”) (OTC:
SMCE), a provider of
wireless communications services, digital content, and media
distribution solutions, is pleased to announce the execution of a
Letter of Intent to acquire 100% of Milwaukee, Wisconsin-based
FiberSKY Networks, Inc. (“FiberSKY”) for equity in
SMC. The
acquisition is expected to close upon completion of the due
diligence process.
FiberSKY provides advanced wireless
communications and broadband services to a number of disciplines
including wireless ATMs and media event ticketing.
FiberSKY has
built a solid foundation of clients and revenue stream with strong
renewal rates and growth
opportunities.
“SMC is committed to expanding its
inventory of technologies to broaden our business plan and expedite
revenue growth,” said Rick Bjorklund, President and CEO of SMC. “We
will continue to look for complementary opportunities to integrate
our portfolio of companies.”
Ted Lasser, President and CEO of FiberSKY,
a 40-year industry veteran stated, “We are very excited at the
prospect of joining the SMC team. There are organic synergies
between our two companies and with SMC’s help we will accelerate
our growth and market reach.”
About SMC
Entertainment,
Inc.
SMC Entertainment Inc. is
a
provider of wireless communications services, digital content, and
media distribution solutions. For more
information, please visit us at www.smcemedia.com.
About FiberSKY
Networks, Inc.
FiberSKY is an
initiative-based integrated information technology services and
systems. FiberSKY’s primarily design concept involves the Digital
Dome designs of a hybrid Internet of Things (IoT)-based broadband
network system called FiberSKY™. This unique proprietary design is
capable of utilizing multiple technologies for the enhancement of
deploying the “last mile” of advanced high speed services to
residential and commercial customers. The FiberSKY system
incorporates multiple technologies such as power lines, fiber
optics, licensed and unlicensed wireless frequencies and existing
telco owned broadband back haul networks to produce an efficient
and scalable broadband connection. For more
information, please visit us at www.fiberskynetworks.com.
Contact:
SMC Entertainment,
Inc.
info@smcemedia.com
Safe Harbor
Statement
This press release contains statements, which
may constitute forward-looking statements within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief or
current expectations of the Company, members of its management, and
assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking
statements.
SMC Entertainment (PK) (USOTC:SMCE)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
SMC Entertainment (PK) (USOTC:SMCE)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
Real-Time news about SMC Entertainment Inc (PK) (OTCMarkets): 0 recent articles
Plus d'articles sur Smc Entertainment Inc. (PC)