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Share Name | Share Symbol | Market | Type |
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Smart Move, | AMEX:MVE | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
The communication initiative will focus on raising investors' awareness of the company's significant year-over-year revenue growth and recent marketing initiatives that have created opportunities to enhance shareholder value. Capital Insight Partners, a specialist in investor outreach, financial media relations and capital-raising will support Smart Move's (www.gosmartmove.com) efforts to broaden its shareholder base and cement the long-term loyalty of existing investors.
"Smart Move is committed to building substantial long-term value for its shareholders," said Chris Sapyta, Smart Move's president and CEO. "We have engaged Capital Insight Partners to raise our profile and ensure the investment community fully understands our business, the relocation market, and our significant growth prospects.
"Our company is at an important point in its development. We have an exciting business model that has demonstrated excellent top-line growth, even as we compete in a very challenging economic environment."
Smart Move was formed in November 2004 and completed its IPO in 2006. In 2007, the company invested in 4,100 new proprietary shipping vaults, having the potential to realize up to $18 million in annual revenues. Smart Move has lowered its direct transportation costs, initiated an affiliate program that allows local moving companies to use the company's service by directly logging onto the Smart Move secure custom technology platform, and streamlined its internal processes to lower operating costs.
The company is at an early stage of implementation of its business model and continues to incur net losses from operations. However, the company reported its highest historical move bookings in June 2008. As previously announced, the company booked 645 moves in June, an increase of 82% versus the prior year, and 472 moves in July 2008, up 55% from the prior year.
"The nation's multi-billion dollar moving industry offers significant opportunity for the cost-effective solutions provided by Smart Move," said Jacob Eisen, president of Capital Insight. "We see many opportunities to share this exciting information with investors."
About Capital Insight Partners
By serving the full spectrum of investor relations and corporate financing requirements for micro and small-cap corporations, Capital Insight Partners helps public companies build a growing, diversified shareholder base, resulting in contented investors. This also improves a company's odds of obtaining additional financing with reasonable terms, should the need arise.
About Smart Move, Inc.
Smart Move (www.gosmartmove.com) is an innovative logistics company that provides moving services through a fleet of company-owned proprietary SmartVault(TM) secure shipping containers that are rapidly deployable and can be locked by the customer. In addition to relocating individuals, Smart Move also manages and tracks moves with its logistical services for van lines and customer agents around the country. It has operations in the top 60 cities in the U.S. representing more than 92 percent of the nation's population.
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," "indicate," "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 effects of competition, financing requirements, general economic conditions and other risks 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 quarterly reports on Form 10-Q filed for the periods ended March 31, 2008 and June 30, 2008.
Contacts: Chris Sapyta Chief Executive Officer Smart Move, Inc. Email Contact Tel: (720) 488-0204 Jacob Eisen President Capital Insight Partners Email Contact Tel: (312) 466-7646
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