SMC Entertainment Inc. Reduces Number of Outstanding Common Shares by 110,000,000 Shares

SMC Entertainment Inc. Reduces Number of Outstanding Common Shares by 110,000,000 Shares

 

San Francisco, CA -- August 13, 2018 -- InvestorsHub NewsWire -- SMC Entertainment, Inc. (OTC: SMCE) ("SMC" or the "Company"), a digital content and distribution provider, is pleased to announce it has reached an agreement with SMC's previous Chairman of the Board, Mr. Ralph Tashjian, to cancel a 110,000,000 block of shares owned by Mr. Tashjian. This cancellation is effective immediately.

 

"The share cancellation agreement with Mr. Tashjian demonstrates SMC's management team's commitment to enhance SMC's attractiveness to investors, shareholders, partners and future mergers and acquisitions transactions," stated Rick Bjorklund, President and Chief Executive Officer of SMC. "We're assembling an executive team that will broaden SMC's growth plans in wireless media and an attractive share capital structure is paramount to both investors and shareholders."

 

The share capital structure will be updated on OTC Markets' company profile and will be verified by the Company's Transfer Agent.

 

About SMC Entertainment, Inc.

SMC Entertainment Inc., founded in 2005 with its head office in San Francisco, California, is a digital content and distribution company. For more information, please visit our website www.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 SMC Entertainment, Inc., 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.

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