Smart Holdings Updates on Restructuring of Company for Future Growth [Professional Services Close – Up]

Smart Holdings, Inc., announced that its Board of Directors has approved a 90/1 reverse split with 1 billion authorized shares.According to the company, this does not diminish the value of shareholder equity, as the share reduction will be offset by a proportional increase in share price. The Company has not yet determined the record date and effective date.

The Company has continually been marketing its product line and has developed a warranty sales model that is showing potential for long-term success. The Company's goal is to build on its current resources and marketing experience which has been gained from running TV campaigns and incorporating multiple 3rd party sales centers with years of experience selling auto extended warranties.

The Company is continuing its TV marketing and sales efforts at the same time and is focusing on increasing extended warranty sales which have been the most profitable for the company to date. The warranty program has been improving with each campaign and is now ready for a roll out program on National TV. The company is expecting this to be a positive change that will benefit shareholders in the long run.

Smart Holdings, Inc., through its subsidiary, Assurance Group Direct, is in the business of selling automotive extended service plans and prescription discount plans on a nationwide basis.

More information:

http://www.smartholdingsinc.com

http://www.assurancedirectrx.com

http://www.assurancegroupdirect.com

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