News Release  06/14/2021

SMC Entertainment Receives Second Cash Payment from the Sale of Its Wireless Assets and Announces Management Promotion

BESSEMER, MI / ACCESSWIRE / June 14, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a provider of venue-based family-oriented entertainment, is pleased to announce that it has received a second cash payment from the sale of its wireless assets comprising of iPTerra Technologies Inc., iPMine software intellectual property, and AktivTrak software intellectual property (collectively the "Wireless Assets").

On March 30, 2021, SMC announced it sold its last Wireless Assets for $600,000 in cash and stock. Upon execution of the purchase agreement with Wyoming-based and privately-held Aktiv-Trak Inc., SMC received first cash payment of $27,000. SMC is pleased to announce that it has received second cash payment of $55,000 which brings the total of cash payments received to date to $82,000.

On March 23, 2021, SMC announced the closing of 100% acquisition of Michigan-based Spectrum Entertainment, LLC("Spectrum"). This acquisition significantly strengthens SMC's revenue and balance sheet. The acquisition will be reflected in SMC's second quarter 2021 financial statements. Spectrum specializes in fair ground rides, games, food and fun for the whole family. Spectrum has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153 and $618,204 respectively. Spectrum experienced a significant revenue drop for fiscal year 2020 due to the pandemic but expects a rebound in revenues for fiscal year 2021 as the economy opens up and market conditions improve. As of fiscal year-end 2020, Spectrum's net tangible assets were $1,569,000. All figures are unaudited.

SMC is pleased to announce the promotion of Mr. Ron Hughes from Chief Operating Officer to SMC's President to focus on Company operations and investments. Mr. Rick Bjorklund will retain the titles Chief Executive Officer and Chairman of the Board and his focus will center around acquisitions and strategic partnerships.

"For the past 12 months, I have very much enjoyed being part of the SMC family," said Ron Hughes, President of SMC. 'I've witnessed the swift transformation of SMC to its current business focus first hand. With my new role and responsibilities, I'm committed to bringing operational excellence to SMC's current and future subsidiaries, and additional investments to expand our growth. I look forward to my new responsibilities."

"Ron joined us in May 2020 as VP of Communication. His promotions reflect SMC's commitment to cultivating best of breed management talent," said Rick Bjorklund, CEO and Chairman of the Board of SMC. "We continue our quest to building a high performing management team that will deliver exceptional results to our valued shareholders."

Ron has over 30 years of experience in business development and investments market. In 1997, Ron joined Global Securities as a Licensed Investment Advisor providing investment analysis, equity trading and capital structure to corporate finance. In 2001, Ron became president of TransAmerican Energy Inc., and currently serves on the boards of three publicly traded companies in the United States and Canada. Ron has been a partner with North Arm Capital Services, providing Investor Relations and Business Development services to domestic and international clients for nearly three decades. Ron completed studies in International Marketing and Management from University of Hawaii (1988), and Resource Economics from the University of Alberta (1987).

About Spectrum Entertainment LLC

Spectrum Entertainment LLC, thru its marketing brand Spectrum Carnival Midway, has been providing fair ground rides, games, food and fun for the whole family for over 25 years. For more information, visit www.spectrumcarnival.com.

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of venue-based family-oriented entertainment products and services. Our multi-discipline revenue approach provides a building block to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

Press Release Contact:

Ron Hughes
President
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.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 the Company, 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.

SOURCE: SMC Entertainment, Inc.

SMC Entertainment, Inc.

News Release  05/24/2021

SMC Entertainment Retires $600,000 In Debt

Bessemer, Michigan – May 24, 2021 - SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a provider of venue-based family-oriented entertainment, is pleased to announce the retirement of $600,000 long-term debt in the form of a convertible note. The debt retirement will be reflected in the Company’s second quarter 2021 financial statements.

 

In February 2018, SMC issued a convertible note (the “Note”) as part of SMC’s acquisition of iPTerra Technologies, Inc. (“iPTerra”) and the iPMine software intellectual property (“iPMine”).

 

On March 30, 2021, SMC announced it executed a stock and intellectual property purchase agreement with Wyoming-based privately-held Aktiv-Trak Inc. whereby SMC sold iPTerra, iPMine and SMC’s AktivTrak software intellectual property to Aktiv-Trak Inc. for cash and stock. As a result of SMC’s divesture, SMC was able to negotiate a substantial reduction in the principal amount of the Note with the Note holder.

 

On March 23, 2021, SMC announced the closing of 100% acquisition of Michigan-based Spectrum Entertainment, LLC (“Spectrum”). This acquisition significantly strengthens SMC’s revenue and balance sheet. The acquisition will be reflected in SMC’s second quarter 2021 financial statements. Spectrum specializes in fair ground rides, games, food and fun for the whole family. Spectrum has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153 and $618,204 respectively. Spectrum experienced a significant revenue drop for fiscal year 2020 due to the pandemic but expects a rebound in revenues for fiscal year 2021 as the economy opens up and market conditions improve. As of fiscal year-end 2020, Spectrum’s net tangible assets were $1,569,000. All figures are unaudited.

  

About Spectrum Entertainment LLC

Spectrum Entertainment LLC, thru its marketing brand Spectrum Carnival Midway, has been providing fair ground rides, games, food and fun for the whole family for over 25 years. For more information, visit www.spectrumcarnival.com.

 

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of venue-based family-oriented entertainment products and services. Our multi-discipline revenue approach provides a building block to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

 

Press Release Contact:

Ron Hughes

Chief Operating Officer

SMC Entertainment, Inc.

Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  03/30/2021

SMC Entertainment Sells Last Wireless Assets For $600,000 In Cash and Stock

SAN FRANCISCO, CA / ACCESSWIRE / March 30, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a provider of venue-based family-oriented entertainment, is pleased to announce that it has signed a stock and intellectual property purchase agreement ("Agreement") with Wyoming-based privately-held Aktiv-Trak, Inc. ("Aktiv-Trak") to sell SMC's last wireless assets. The Agreement is effective immediately.

Pursuant to the Agreement, SMC has sold, transferred and assigned all rights and ownership to SMC's wholly owned subsidiary iPTerra Technologies, Inc. ("iPTerra"), iPMine software intellectual property ("iPMine-IP"), and AktivTrak software intellectual property (AktivTrak-IP") for $600,000 in cash and Aktiv-Trak common shares ("Shares"). Aktiv-Trak will pay SMC a minimum of $250,000 in cash and the balance in either cash, Shares, or a combination of both. SMC has received first payment of $27,000 from Aktiv-Trak. The balance will be due over a 12-month period unless extended by both SMC and Aktiv-Trak.

As a background: in December 2019, SMC announced that it was entering the hospitality staff safety market by developing a new end-to-end software solution. In early 2020, SMC commenced development of the end-to-end AktivTrak software solution by utilizing SMC's iPMine software platform, which SMC owned thru the acquisition of iPTerra in 2018. The AktivTrak product development has progressed with the release of an Alpha version in fall of 2020. A Beta version is planned for testing in the coming months with at least one pilot project installation at an internationally-recognized hotel site is planned for summer/fall 2021.

With the execution of this Agreement, SMC has divested from all wireless assets and will be focusing on venue-based family-oriented entertainment products and services. SMC believes there's an excellent opportunity to acquire a number of these venues with reasonable valuations. As the economy recovers from the pandemic, SMC believes the family entertainment sector will recover at a fast rate.

To execute SMC's vision, on 3/23/2021, SMC announced the closing of 100% acquisition of Michigan-based Spectrum Entertainment, LLC ("Spectrum"). This acquisition significantly strengthens SMC's revenue and balance sheet and will be reflected in SMC's Q2/2021 financial statements. Spectrum specializes in fair ground rides, games, food and fun for the whole family. Spectrum has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153 and $618,204 respectively. Spectrum experienced a significant revenue drop for fiscal year 2020 due to the pandemic but expects a rebound in revenues for fiscal year 2021 as the economy opens up and market conditions improve. As of fiscal year-end 2020, Spectrum's net tangible assets were $1,569,000. All figures are unaudited.

About Spectrum Entertainment LLC

Spectrum Entertainment LLC, thru its marketing brand Spectrum Carnival Midway, has been providing fair ground rides, games, food and fun for the whole family for over 25 years. For more information, visit www.spectrumcarnival.com.

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of venue-based family-oriented entertainment products and services. Our multi-discipline revenue approach provides a building block to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

Press Release Contact:
Ron Hughes, COO
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  03/25/2021

SMC Entertainment Divests Its Second Non-Core Wireless Assets

SAN FRANCISCO, CA / ACCESSWIRE / March 25, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC Pink:SMCE), a provider of products and services for the entertainment industry, is pleased to announce that it has executed an agreement to divest its WiMundo H.S.I.A. Solutions subsidiary ("WiMundo"). The agreement is effective immediately.

Pursuant to the agreement, SMC will return all assets related to the WiMundo acquisition, including but not limited to WiMundo stock, intellectual properties, marketing material, and website development to WiMundo's original stakeholders ("WiMundo Stakeholders"). In return, WiMundo Stakeholders have agreed to forego the issuance of 20,000,000 shares of SMC's common stock. As an inducement to facilitating the divesture agreement and the expeditious manner, the transaction was concluded, SMC will issue 3,000,000 new restricted shares of SMC's common stock to WiMundo consultants. The restricted common shares will be issued in accordance with Rule 144 of the Securities and Exchange Commission. SMC will retain full ownership of Aktiv-Trak intellectual property, marketing material, and all product development.

On 3/23/2021, SMC announced the closing of 100% acquisition of Michigan-based Spectrum Entertainment, LLC("Spectrum"). This acquisition significantly strengthens SMC's revenue and balance sheet and will be reflected in SMC's Q2/2021 financial statements.

Spectrum specializes in fairground rides, games, food, and fun for the whole family. Spectrum has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153 and $618,204 respectively. Spectrum experienced a significant revenue drop for fiscal year 2020 due to the pandemic but expects a rebound in revenues for fiscal year 2021 as the economy opens up and market conditions improve. As of fiscal year-end 2020, Spectrum's net tangible assets were $1,569,000. All figures are unaudited.

Rick Bjorklund, President, and CEO of SMC, stated, "I would like to thank WiMundo management and stakeholders; we are confident that WiMundo will continue to seek ways to expand it business. SMC continues to look for acquisition opportunities in fragmented markets with reasonable valuations. Such opportunities will demand from us to recalibrate our business plan and transition our focus to our core businesses. The acquisition opportunities that we will be evaluating must have existing revenues and/or tangible assets to strengthen our balance sheet."

About Spectrum Entertainment LLC

Spectrum Entertainment LLC, thru its marketing brand Spectrum Carnival Midway, has been providing fairground rides, games, food, and fun for the whole family for over 25 years. For more information, visit www.spectrumcarnival.com.

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of products and services for the entertainment industry. Our multi-discipline revenue approach provides a building block to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

Press Contact:
Ron Hughes, COO
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  03/23/2021

SMC Entertainment Completes Acquisition of Spectrum Entertainment LLC

SAN FRANCISCO, CA / ACCESSWIRE / March 23, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a provider of products and services for the entertainment industry, digital communications, and content distribution solutions, is pleased to announce that it has completed the 100% acquisition of Michigan-based Spectrum Entertainment, LLC ("Spectrum") for equity. This acquisition significantly strengthens SMC's revenue and balance sheet and will be reflected in SMC's Q2/2021 financial statements.

Spectrum specializes in fair ground rides, games, food and fun for the whole family. Spectrum has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153 and $618,204 respectively. Spectrum experienced a significant revenue drop for fiscal year 2020 due to the pandemic but expects a rebound in revenues for fiscal year 2021 as the economy opens up and market conditions improve. As of fiscal year-end 2020, Spectrum's net tangible assets were $1,569,000. All figures are unaudited.

With the 2021 season opening in a few weeks, SMC and Spectrum have already finalized new events and markets that would potentially increase revenues by up to 40%. SMC intends to invest additional capital to expand Spectrum's market share and add new games and rides.

SMC will use the Spectrum acquisition as a launching pad for additional acquisitions in the family entertainment and event-based fragmented market, and consolidate them under the SMC brand. At a minimum, such acquisition opportunities should have reasonable valuation, well-established markets, proven revenues, and require minimal operating capital.

Pursuant to the acquisition agreement: (a) SMC will issue 40,000,000 restricted common shares to Spectrum's stakeholders, (b) SMC is extending management agreements to Spectrum's management team to continue operating Spectrum's day-to-day business, and (c) SMC is assuming institutional and personal short and long term debt. All shares will be issued in accordance with Rule 144 of the Securities and Exchange Commission and will be issued from SMC's treasury.

About Spectrum Entertainment LLC

Spectrum Entertainment LLC, thru its marketing brand Spectrum Carnival Midway, has been providing fair ground rides, games, food and fun for the whole family for over 25 years. For more information, visit www.spectrumcarnival.com.

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of products and services for the entertainment industry, digital communications and media content marketplaces. Our multi-discipline revenue approach provides a building block to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

Press Contact:

Ron Hughes, COO
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  03/08/2021

SMC Entertainment Divests Certain Non-Core Wireless Assets and Returns Shares to Treasury

SAN FRANCISCO, CA / ACCESSWIRE / March 8, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a provider of products and services for the entertainment industry, digital communications, and content distribution solutions, is pleased to announce that it has executed a divesture agreement ("Agreement") to divest its FiberSKY Networks, Inc. subsidiary ("FiberSKY"). Pursuant to the Agreement, SMC will return all assets relating to the FiberSKY acquisition including but not limited to FiberSKY stock, intellectual properties, marketing material, and website development to FiberSKY's original stakeholders ("FiberSKY Stakeholders"). In return, FiberSKY Stakeholders will return 20,000,000 shares of SMC's common stock to SMC's treasury for cancellation. As an inducement to facilitating the execution of the Agreement, SMC will issue 2,000,000 new restricted shares of SMC's common stock to FiberSKY Stakeholders. The restricted common shares will be issued in accordance with Rule 144 of the Securities and Exchange Commission.

Rick Bjorklund, President and CEO of SMC stated, "I would like to thank FiberSKY management and stakeholders for facilitating this transaction. We are confident that FiberSKY will continue to seek ways to expand its business independent of SMC." Mr. Bjorklund continued to state, "we continue to look for acquisition opportunities in fragmented markets with reasonable valuations. Such opportunities will demand from us to recalibrate our business plan and transition our focus. The acquisition opportunities that we will be evaluating must have existing revenues and/or tangible assets to strengthen our balance sheet."

On February 24, 2021, SMC announced the signing of a definitive purchase agreement to acquire Spectrum Entertainment LLC.

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of products and services for the entertainment industry, digital communications and media content marketplaces. Our multi-discipline revenue approach provides a building block to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

Press Contact:

Ron Hughes
Chief Operating Officer
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  02/24/2021

SMC

Entertaiment Inc.

Signs Definitive

Agreement to Acquire

Spectrum

Entertainment LLC

San Francisco, CA / ACCESSWIRE/ February 24th, 2021 / SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a provider of products and services for the entertainment industry, digital communications, and content distribution solutions, is pleased to announce that it has executed a definitive purchase agreement to acquire 100% of Michigan-based Spectrum Entertainment LLC (“Spectrum LLC”) for  equity of SMC Entertainment. SMC expects to close this acquisition soon and will release acquisition terms after closing.

 

Spectrum Midway & Carnival, the marketing brand name owned and operated by Spectrum LLC, specializes in fair ground rides, games, food and fun for the whole family. Spectrum LLC has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153US and $618,204US respectively. Spectrum LLC experienced a significant revenue drop for fiscal year 2020 due to the challenging time the US economy experienced and expects a recovery in revenues for fiscal year 2021 as the economy opens up and market conditions improve. As of fiscal year end 2020, Spectrum LLC net tangible assets were $1,569,000US. All figures are unaudited.

 

SMC will leverage this acquisition to expand its business plan into well-established and proven revenue generating businesses that require minimal operating capital to run its existing infrastructure. SMC intends to invest additional capital to expand Spectrum LLC’s market share and add additional games and rides.

 

Rick Bjorklund, President and CEO of SMC stated, “Since joining the SMC team in 2018, we’ve continued to look for acquisition opportunities in fragmented markets with a reasonable acquisition valuation. This acquisition provides SMC with additional revenues and strengthens our tangible assets on our balance sheet. We believe there are more strategic acquisitions in this space and we will invest our time to find the right synergetic opportunities to expand.”

 

Dan Barbacovi, founder and owner of Spectrum LLC state, “ We are delighted that SMC Entertainment has confidence is our strategy for growth. Rick Bjorklund has significant experience in the community event business which fits very well with Spectrum’s goals and vision! ”

 

About Spectrum Entertainment LLC

Spectrum Entertainment LLC, thru its marketing brand Spectrum Midway & Carnival, has been providing fair ground rides, games, food and fun for the whole family for over 25 years. For more information, visit www.spectrumcarnival.com.

 

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of products and services for the entertainment industry, digital communications and media content marketplaces. Our multi-discipline revenue approach provides a building platform to enhance revenue growth thru acquisitions. For more information, visit www.smceinc.com.

 

 

 

Press Contact:

 

Ron Hughes

Chief Operating Officer

SMC Entertainment, Inc.

Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  02/03/2021

SMC Entertainment Returns to Current Status with OTC Markets & Provides Shareholder Update

SAN FRANCISCO, CA / ACCESSWIRE / February 3, 2021 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a provider of wireless communications products and services, digital content and media distribution solutions, is pleased to report that it is current with its corporate and financial filings with OTC Markets Group Inc. and has returned to Current Status. The Company's next filing is due on or before March 31, 2021 for fiscal year-end 2020 which also is the Company's 4th Quarter.

 

To update, SMC continues executing on its business plan to explore acquisition targets that are in-line with the Company's strategy and vision.

SMC also announces here the promotion of Mr. Ron Hughes to Chief Operating Officer. Mr. Hughes joined SMC's team in May 2020 as Vice President of Communication. In his new role, Mr. Hughes will oversee and manage SMC's day-to-day operations including but not limited to identifying acquisition targets, revenue growth, integration of SMC's subsidiaries to be more aligned with a shared focus and vision, capital markets, investment opportunities, corporate and marketing dissemination along with shareholder communications.

 

With over 25 years of business development experience, Mr. Hughes was introduced to the investments market in 1992. In 1996, Mr. Hughes joined Global Securities as a Licensed Investment Advisor providing investment analysis, equity & debt trading and capital structure to corporate finance. In 2001, Mr. Hughes became president of former TransAmerican Energy Inc., now American Biofuels Inc. and currently serves on the boards of three publicly traded companies both in the United States and Canada. Mr. Hughes completed studies in International Marketing and Management from University of Hawaii (1988), and Resource Economics from the University of Alberta (1987).

 

About SMC Entertainment, Inc.
SMC Entertainment, Inc. is a provider of wireless communications services, digital content, and media distribution solutions. Our multi-discipline revenue approach includes providing media and wireless internet service to under-served markets by acquiring under-capitalized WISPs (Wireless Internet Service Providers). For more information, visit www.smceinc.com.

 

Press Contact:
 

Ron Hughes
Chief Operating Officer
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.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 the Company, 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.

News Release  11/26/2019

SMC Entertainment Provides Shareholder Update and Plans for Continued Growth

SAN FRANCISCO, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a provider of wireless communications services, digital content and media distribution solutions, released the following shareholder update from SMC’s Chairman and CEO Rick Bjorklund as part of his commitment to continually communicate with shareholders.

Dear Valued Current and Future Shareholders:

SMC’s management team has been working on a number of initiatives to diversify our Company’s business strategies. Unlocking shareholder value remains the cornerstone of our management team goal.

 

Future Acquisitions. We continue to look for and evaluate complementary acquisitions that fit within our frame of business strategies and growth opportunities. The recently completed acquisition of FiberSKY Networks, Inc. is a prime example of what we see as our growth and diversification strategies.

Additional Management Team Members. The current SMC management team will be the main driver for our anticipated growth. As we acquire additional companies, there could be management team expansion and additional officers and Board members.

 

Update on Corporate Name and Trading Symbol Change. Per earlier communication, it’s our intention to rebrand SMC from its current name to FIBERSKY CORP., and change our trading symbol. Our securities attorney has responded to the majority of FINRA’s comments and clarification requests. One item remains to be addressed that deals with a historical filing that predates current management’s knowledge. We expect our securities attorney to address this and other items that might arise in the course of FINRA’s review very soon.

 

Share Capital Structure. According to SMC’s Stock Transfer Agent’s records and as at 11/25/2019, our total outstanding common shares are 346,626,974; total restricted common shares are 223,339,506; total non-restricted common shares are 123,287,468; total Cede & Co (DTC) common shares are 64,329,070; and public float common shares are 75,769,070.

 

As we come to the closing of 2019, we are proud of the initiatives and decisions we made to build a stronger foundation for our anticipated growth in 2020 and beyond. Our management team and group of companies thrive on the energy of our mission and goals.

 

Best Regards,
Rick Bjorklund
Chairman and CEO

 

About SMC Entertainment, Inc.

SMC Entertainment Inc. is a provider of wireless communications services, digital content, and media distribution solutions. Our multi-discipline revenue approach includes providing media and wireless internet service to under-served markets by acquiring under-capitalized WISPs (Wireless Internet Service Providers). With our recent acquisition of FiberSKY Networks, Inc., FiberSKY’s primarily design concept involves the Digital Dome designs of a hybrid Internet of Things (IoT)-based broadband network system called FiberSKY™. This unique proprietary design is capable of utilizing multiple technologies for the enhancement of deploying the “last mile” of advanced high speed services to residential and commercial customers. The FiberSKY system incorporates multiple technologies such as power lines, fiber optics, licensed and unlicensed wireless frequencies and existing telecom-owned broadband back haul networks to produce an efficient and scalable broadband connection. For more information, please visit us at www.smcemedia.com, and www.fiberskynetworks.com.

 

Contact:
SMC Entertainment, Inc.
info@smcesolutions.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 the Company, 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.

News Release  11/25/2019

SMC Entertainment Announces Fourth U.S. Patent Filing Covering Digital Packets Transmission Using Peer-to-Peer Distribution

San Francisco, CA – November 25, 2019 – SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a provider of wireless communications services, digital content and media distribution solutions, is pleased to announce that White Hat Vision, LLC (“White Hat”), soon to be acquired by SMC, filed its fourth patent application with the United States Patent and Trademark Office (“USPTO”).

The fourth patent, USPTO application number USSN 16/589,865, covers system and method for securely retrieving and transmitting digital packets using peer-to-peer distribution. This patent, capstone for the distribution system, focuses on users sharing content while still protecting against piracy by providing the system with customer information to further enhance user experience. White Hat has requested fast tracking application approval process.

On November 4, 2019, SMC announced it executed a Letter of Intent to acquire 100% of White Hat and its first patents licensee, Texas-based Song1, LLC (“Song1”). White Hat owns three patents that address protection against digital cyber theft across any application used to transfer data packets. The three patents, referred to as the Marshall Digital Security (“MDS”), once embedded securely in any digital transporting environment, functions transparently and strategically removes portions of a digital content packet (referred to as Fragments) rendering it to a stealth-like transmission and thereby making the rest of the packet content (referred to as Segments) useless in case of unauthorized access. Once a packet reaches its destination, the Fragments and Segments are merged together to deliver the digital content as intended to. MDS patents can be embedded in solution offerings to any deemed sensitive environment including government, healthcare, banking, research, 3D printing, media, and gaming. The need for protection against worldwide cyber extraction renders itself to the MDS stealth technology. In addition to licensing its patents, White Hat intends to vigorously pursue infringements on any of its patents. The full texts of the three patents are available on USPTO’s website www.uspto.gov, patent numbers 8,719,946; 9,576,114; and 10,078,737.

Rick Bjorklund, SMC’s Chairman and CEO, commented: “Further to our press releases dated November 4th and 6th, 2019 highlighting our goals, efforts and commitments to grow our company organically and thru acquisitions, we are on the right track to deliver on our vision for the benefits of SMC shareholders. Upon approval of the fourth patent, our go-to-market strategy and intellectual property portfolio would be significantly enhanced. As at 11/22/2019, our total issued and outstanding common shares are 347,000,000 representing 222,000,000 restricted shares and 125,000,000 unrestricted shares (all figures are approximate). The public float is around 75,000,000 shares.”

About White Hat Vision LLC

White Hat Vision, LLC is a developer, marketer and licensor of technology solutions built around three patents, referred to as the Marshall Digital Security (“MDS”), that address digital content piracy and cyber theft. MDS targets a number of industries including but not limited to Internet and mobile transmission content, including government, healthcare, banking, research, SCATA, energy, media, and gaming.

 

The MDS patents were developed by Mr. Marvin Marshall (https://www.linkedin.com/in/marshallmarvin) and his team of intellectual marvels. Prior to inventing the MDS patents, Mr. Marshall invented the PrePaid Phone Card technology (which he was awarded three U.S. patents). Prior to inventing the PrePaid Phone technology, Mr. Marshall invented a new mathematical method specifically for precisely balancing Dairy Ration Formulations. Also, he created a companion Dairy Management software program. This invention was highly successful and Mr. Marshall gained over 4,000 clients in the U.S., Mexico and South Africa. Available nationally documented articles featuring Mr. Marshall’s inventions and technologies are Time Magazine – 1978, Tampa Tribune – 1990, TeleCard World – 1998 and the Wall Street Journal (Breakout Section) December 7, 1998.

  

About Song1, LLC

Song1, LLC is a developer, marketer and provider of recorded music streaming services that has licensed MDS’s patents. Song1 has embedded MDS’s patents in its product offerings to create more secure, faster and better commercial streaming experience. Song1 offers its services on a monthly subscription basis. Song1 plans to expand its secure streaming services by building complementary products and/or license the core technologies to other streaming service providers. For more information, please visit us at (www.song1.com).

About SMC Entertainment, Inc.

SMC Entertainment Inc. is a provider of wireless communications services, digital content, and media distribution solutions. Our multi-discipline revenue approach includes 

internet service to under-served markets by acquiring under-capitalized WISPs (Wireless Internet

providing media and wireless Service Providers). With our recent acquisition of FiberSKY Networks, Inc.,

FiberSKY’s primarily design concept involves the Digital Dome designs of a hybrid Internet of Things (IoT)-based broadband network system called FiberSKYTM. This unique proprietary design is capable of utilizing multiple technologies for the enhancement of deploying the “last mile” of advanced high speed services to residential and commercial customers. The FiberSKY system incorporates multiple technologies such as power lines, fiber optics, licensed and unlicensed wireless frequencies and existing telecom-owned broadband back haul networks to produce an efficient and scalable broadband connection.

 

For more information, please visit us at www.smcesolutions.com, and www.fiberskynetworks.com.

Contact:
SMC Entertainment, Inc. info@smcesolutions.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 the Company, 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.

 

News Release  11/6/2019

SMC Entertainment Provides Shareholder Update

 

San Francisco, CA – November 6, 2019 – SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a provider of wireless communications services, digital content and media distribution solutions, is pleased to provide the following performance update to its shareholders.

Acquisition closing of White Hat Vision LLC and Song1 LLC. As stated in the Company’s press release dated 11/4/2019, we executed a Letter of Intent to acquire White Hat Vision LLC and Song1 LLC. The closing process involves the creation and execution of multiple agreements including but not limited to membership unit purchase agreements, patent assignment and intellectual property transfer agreements. We expect multiple attorneys to be involved representing the sellers and the Company. These activities will take time, however, our intention is to close the transaction expeditiously without compromising the due diligence process.

Refocused and expanded business strategies. From the outset, we maintained we will grow SMC thru acquisitions. With our recent acquisition completion of FiberSKY Networks, Inc. followed up with the execution of Letter of Intent to acquire White Hat Vision and Song1, these additions will broaden SMC’s business plan in wireless mobility and digital content related opportunities. Our vision is bring technologies that will enhance our offerings to Wireless Internet Service Providers (“WISPs”) in under- served markets including but not limited to digital content distribution, cyber security and wireless communications. We’re focusing on those technologies that will form the initial building blocks for our ultimate market push with nation-wide WISPs. Moving forward, we continue to look for additional complementary opportunities that will not only vertically integrate our portfolio of technologies, but also increase revenues.

Corporate Funding and investment. We continue to evaluate a number of investment options that will help expedite our business and growth strategies aimed at enhancing shareholder value. We will be selective in choosing the right funding partner.

Corporate Name and Symbol Change. To better reflect our expanded and refocused business strategies and per our earlier announcement, it’s our intention to rebrand the Company name from its current name SMC Entertainment Inc. to FIBERSKY CORP. Our securities attorney submitted a corporate action with FINRA and we have received comments back from FINRA requesting additional clarification and documentation. It has taken us longer than expected to gather the requested documents, some dating back to Company inception which predates current management. We believe our securities attorney has a complete reply package and ready for submission very soon. To facilitate the name branding, the Company has officially changed its name to FIBERSKY CORP. with the state of Nevada, and has a new CUSIP number that will become effective once FINRA approves the name and symbol change corporate action.

Share Capital Structure. As at 11/4/2019, our total issued and outstanding common shares are approximately 347,000,000 representing approximately 222,000,000 restricted shares and approximately 125,000,000 unrestricted shares. The public float is approximately 75,000,000 shares.

"We are focused on increasing SMC’s exposure as we execute on our business plan to develop a diversified multi-discipline company,” stated Rick Bjorklund, Chairman and CEO of SMC. “We look forward to building a stronger organization with more revenue diversification. We appreciate the interest our shareholders have in the company and are working to increase shareholder value as we believe the company share price is undervalued."

About SMC Entertainment, Inc.

SMC Entertainment Inc. is a provider of wireless communications services, digital content, and media distribution solutions. Our multi-discipline revenue approach includes providing media and wireless

internet service to under-served markets by acquiring under-capitalized WISPs (Wireless Internet

FiberSKY’s primarily design concept involves the Digital Dome designs of a hybrid Internet of Things (IoT)-based broadband network system called FiberSKYTM. This unique proprietary design is capable of utilizing multiple technologies for the enhancement of deploying the “last mile” of advanced high speed services to residential and commercial customers. The FiberSKY system incorporates multiple technologies such as power lines, fiber optics, licensed and unlicensed wireless frequencies and existing telecom-owned broadband back haul networks to produce an efficient and scalable broadband connection.

 

For more information, please visit us at www.smcesolutions.com, and www.fiberskynetworks.com.

Contact:
SMC Entertainment, Inc. 

info@smcesolutions.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 the Company, 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.

Service Providers). With our recent acquisition of FiberSKY Networks, Inc.,