Smart Move Engages Capital Insight Partners to Expand Investor Outreach and Financial Communications
October 07 2008 - 8:00AM
Marketwired
Smart Move, Inc. (AMEX: MVE), an innovative logistics company
providing secure and rapid corporate and residential moving
services utilizing a fleet of SmartVault(TM) shipping containers,
announced it has retained Capital Insight Partners
(www.cap-insight.com) to lead an expanded shareholder communication
program.
The communication initiative will focus on raising investors'
awareness of the company's significant year-over-year revenue
growth and recent marketing initiatives that have created
opportunities to enhance shareholder value. Capital Insight
Partners, a specialist in investor outreach, financial media
relations and capital-raising will support Smart Move's
(www.gosmartmove.com) efforts to broaden its shareholder base and
cement the long-term loyalty of existing investors.
"Smart Move is committed to building substantial long-term value
for its shareholders," said Chris Sapyta, Smart Move's president
and CEO. "We have engaged Capital Insight Partners to raise our
profile and ensure the investment community fully understands our
business, the relocation market, and our significant growth
prospects.
"Our company is at an important point in its development. We
have an exciting business model that has demonstrated excellent
top-line growth, even as we compete in a very challenging economic
environment."
Smart Move was formed in November 2004 and completed its IPO in
2006. In 2007, the company invested in 4,100 new proprietary
shipping vaults, having the potential to realize up to $18 million
in annual revenues. Smart Move has lowered its direct
transportation costs, initiated an affiliate program that allows
local moving companies to use the company's service by directly
logging onto the Smart Move secure custom technology platform, and
streamlined its internal processes to lower operating costs.
The company is at an early stage of implementation of its
business model and continues to incur net losses from operations.
However, the company reported its highest historical move bookings
in June 2008. As previously announced, the company booked 645 moves
in June, an increase of 82% versus the prior year, and 472 moves in
July 2008, up 55% from the prior year.
"The nation's multi-billion dollar moving industry offers
significant opportunity for the cost-effective solutions provided
by Smart Move," said Jacob Eisen, president of Capital Insight. "We
see many opportunities to share this exciting information with
investors."
About Capital Insight Partners
By serving the full spectrum of investor relations and corporate
financing requirements for micro and small-cap corporations,
Capital Insight Partners helps public companies build a growing,
diversified shareholder base, resulting in contented investors.
This also improves a company's odds of obtaining additional
financing with reasonable terms, should the need arise.
About Smart Move, Inc.
Smart Move (www.gosmartmove.com) is an innovative logistics
company that provides moving services through a fleet of
company-owned proprietary SmartVault(TM) secure shipping containers
that are rapidly deployable and can be locked by the customer. In
addition to relocating individuals, Smart Move also manages and
tracks moves with its logistical services for van lines and
customer agents around the country. It has operations in the top 60
cities in the U.S. representing more than 92 percent of the
nation's population.
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," "indicate," "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 effects of competition, financing requirements, general
economic conditions and other risks 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 quarterly
reports on Form 10-Q filed for the periods ended March 31, 2008 and
June 30, 2008.
Contacts: Chris Sapyta Chief Executive Officer Smart Move, Inc.
Email Contact Tel: (720) 488-0204 Jacob Eisen President Capital
Insight Partners Email Contact Tel: (312) 466-7646
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