Smart Move, Inc. Positioned for Growth With $3.5 Million in New Funding
18 Enero 2008 - 4:23PM
PR Newswire (US)
Investment by Professional Offshore Opportunity Fund, Ltd.
demonstrates Smart Move's potential DENVER, Jan. 18
/PRNewswire-FirstCall/ -- Smart Move, Inc. (AMEX:MVE) ("Smart
Move"), a Denver-based logistics company, announced today that it
has secured funding of $3.5 million from Professional Offshore
Opportunity Fund, Ltd. and other investors. The Company anticipates
additional funding commitments of approximately $150,000 from other
investors in the transaction. Smart Move President and CEO, Chris
Sapyta, stated: "We greatly appreciate the confidence that our new
and existing investors have shown in both the leadership and
direction of Smart Move. This new infusion of capital will allow
Smart Move to execute on our growth strategies and will provide the
resources necessary to launch and support strategic marketing and
operations initiatives during fiscal 2008." "We believe that this
financing, along with Smart Move's containerized shipping model
utilizing Smart Move's proprietary GPS-enabled shipping container,
the SmartVault(TM), the exceptional technology platform afforded by
Smart Move's proprietary logistics software, the Company's
innovative management team and the strength of its primary
transportation providers will enable Smart Move to realize its
objective of setting the industry standard for containerized
shipping. We are excited about the unique growth opportunities
available to Smart Move," said Greg Goldberg of Professional
Offshore Opportunity Fund, Ltd. "We look forward to a collaborative
working relationship with Professional Offshore Opportunity Fund,
Ltd.," added Smart Move's Chief Executive Officer, Chris Sapyta.
About Smart Move, Inc. Smart Move is an innovative logistics
company providing services through deployment of a fleet of
Company-owned, GPS equipped SmartVault(TM) moving containers to
execute the movement of household and commercial goods securely and
quickly. Smart Move utilizes its proprietary and licensed
technologies to efficiently manage its fleet of asset, providing
superior security, scheduling flexibility and expedited service on
behalf of its customers and alliance partners. About Professional
Offshore Opportunity Fund, Ltd. Professional Offshore Opportunity
Fund, Ltd and Professional Traders Fund, Ltd specialize in making
value-oriented investments in fundamentally strong small public
companies in the US and abroad. Safe Harbor Statement Under The
U.S. Private Securities Litigation Reform Act Of 1995 The
statements in this news release that are not historical statements,
including statements regarding expected benefits of the product,
adoption by customers, continued innovation and other statements
identified by forward looking terms such as "may," "will,"
"expect," "plan," "anticipate" or "project," are forward-looking
statements. These statements are subject to numerous risks and
uncertainties which could cause actual results to differ materially
from such statements, including, among others, risks relating to
developments in the moving industry, competition and risks of
failure to obtain consumer acceptance of innovations. Smart Move
has included a discussion of these and other pertinent risk factors
in its Quarterly Reports on Form 10-QSB most recently filed with
the SEC and disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Contacts: Smart Move, Inc.
Pete Bloomquist, 303-339-9558, DATASOURCE: Smart Move, Inc.
CONTACT: Pete Bloomquist of Smart Move, Inc., +1-303-339-9558, Web
site: http://www.gosmartmove.com/
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