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MVE Smart Move,

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Share Name Share Symbol Market Type
Smart Move, AMEX:MVE AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Smart Move, Inc. Completes Issuance of $1.5 Million in Equity From Restricted Common Stock and Debt Conversion

19/09/2008 2:53pm

PR Newswire (US)


Smart Move, (AMEX:MVE)
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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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