SMC Executes Stock Purchase Agreement to Acquire 100% of AI-enabled Wealth Management Technology Platform, Fyniti Global Equities EBT Inc. - Seite 2

"The Fyniti team is thrilled about the bright future ahead for the company, its products, and its partners as it joins forces with SMCE." Jay Gopalan CEO of Fyniti Global commented "The collaboration between Fyniti and SMCE promises to bring a wealth of valuable tools to the table as Fyniti disrupts the ETFs and MFs markets with its innovative new asset class, Fyniti Blocks. By combining the best of both worlds, Fyniti Blocks offers investors even more tools to effectively manage their portfolios with AI-driven technology. With SMCE's global reach and Fyniti's extensive domain and product expertise, this partnership marks a pivotal moment in the company's history as it launches and expands its products to a wider, global audience. The future looks bright for Fyniti through this new partnership with SMCE."

"I want to commend both teams for moving quickly. We are excited to get this executed and closed," stated Erik Blum CEO of SMCE," This key step solidifies our identity as a major player in FINTECH disruption. We look forward to moving quickly to becoming a fully reporting company and executing on plan to finish development of the Fyniti EBT platform. We are targeting Q3 with initial implementation on multiple tiers of distribution and look forward to many other strong developments as we move forward."

About Fyniti Global Equities EBT Inc.

Fyniti Global Equities EBT Inc. is a Fintech platform developer founded by veteran Wall Street technologists and investment bankers who worked for Goldman Sachs, JP Morgan Chase, Bank of America (Merrill Lynch) and Citigroup. Fyniti has a clear focus on developing disruptive technologies in the Wealth Management and capital markets domains. Fyniti owns the IQ Engine and EBT Technology which combine to provide AI driven Quantitative investing and AI based Basket Trading platforms.

About SMC Entertainment, Inc.

SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com.

Press Release Contact:

Erik Blum
CEO
SMC Entertainment, Inc.

Ron Hughes
Chief Operations Officer
[e-mail]
360-820-5973

Safe Harbor Statement

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

SOURCE: SMC Entertainment, Inc.

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The SMC Entertainment Stock at the time of publication of the news with a raise of +9,09 % to 0,001USD on Nasdaq OTC stock exchange (17. April 2023, 23:20 Uhr).