HOUSTON, TX--(Marketwired - Feb 27, 2014) - SMART VENTURES, INC. (OTC Pink: SMVR) announces new extensive growth plan for 2014. We have an extensive growth plan to emerge as one of the largest oilfield services companies providing high quality engineering services to oil majors. Our goal is to create more jobs as a full service turn- key engineering firm, midstream transportation and independent oil and gas production.
We plan to expand our services into transportation hauling services through acquiring a fleet of trucks. We have engaged a full service logistics and transportation company located in Houston, Texas to manage our trucking fleet on an outsourced management basis. We decided to enter into the midstream asset business of transportation because of its relative high profit margins of 40-50% which should provide our stakeholders a better share price evaluation through increased revenue, strong assets and a more diversified business. We plan to acquire a fleet of tractor trailer trucks soon and are already lining up contracts for the big rigs to begin hauling as soon as we take delivery.
We have also begun to explore several key acquisition opportunities in proven producing oil fields and potential bidding for University Oil leases for turn-key drilling and exploration. As we invest in communities, we pursue long-term projects with strategic goals that are aligned with global and social priorities as well as our business strengths. We seek to have a more meaningful impact by focusing the majority of our spending on significant challenges in the regions where our operations are based Texas, Oklahoma and Louisiana. We are committed to becoming part of the United States solution to oil and gas independence.
Our business took several steps forward in 2013 and emerged as a microcap company leader with an A list of clients as a result of our subsidiary contracts through Merlin ERD. We strengthened our balance sheet, expanded our assets, and increased revenue. We are proud of our accomplishments and even more excited about our opportunities going forward into 2014.
We have several key institutional investors committed to our growth and success who will provide the growth capital needed to support our growth plans on a debt and equity basis. We expect to shore up our cash on the books in coming months through expanded services with higher net profit margins and capital raise. We have been in discussion with our legal counsel to develop the best strategic capital raise plan for the company and our shareholders. We are exploring private placement, Reg. A, or registered offering and senior secured debt as options. The investment community has reached out to us because of our subsidiary companies' extensive operating history since 2000 and management's extensive operating experience in the oil and gas industry for more than 30 years. We expect that in coming months we will become a fully reporting company and plan to up list to the NASDAQ exchange if we meet their qualifications for approval later this year. We are located in the heart of one of the best states and city for economic growth, Texas.
PORT OF HOUSTON
As one of the world's busiest ports, the Port of Houston is a large and vibrant component of the regional economy. Ship channel-related businesses contribute 1,026,820 jobs throughout Texas. This activity helped generate more than $178.5 billion in statewide economic impact. Additionally, more than $4.5 billion in state and local tax revenues are generated by business activities related to the port.
In 2014, The Port of Houston Authority is slated to begin major expansion in preparation for the bigger ships expected through the 2015 Panama Canal expansion. The authority plans to spend approximately $120 million to dredge the channels that link its container terminals at Bayport and Barbours Cut. Additionally, a $5.2 billion project, which will triple the canal's capacity by adding a third set of locks, will be ready for commercial transits mid-2015.
KEYSTONE XL PIPELINE
The Keystone XL Pipeline project is estimated to bring in $20 billion of private sector investment into the American economy, create 20,000 direct jobs, spur the creation of 118,000 spin-off jobs and pay out $5 billion in taxes to local counties over the project's lifetime.
Houston has two of four largest U.S. refineries and is one of the world's largest manufacturing centers for petrochemicals. The $15 billion petrochemical complex at the Houston Ship Channel is the largest in the country. Supporting the industry is a complex of several thousand miles of pipeline connecting 200 chemical plants, refineries, salt domes and fractionation plants along the Texas Gulf Coast. Houston has more than 400 chemical manufacturing establishments with more than 35,000 employees.
Houston is known as a world capital of the oil and industry with over 5000 energy firms doing business in the region. The city is a leading domestic and international center for virtually every segment of the oil and gas industry -- exploration, production, transmission, marketing, service, supply, offshore drilling, and technology. The city remains unrivaled as a center for the American energy industry. Houston is headquarters for 17 energy-related Fortune 500 companies and is home to more than 3,600 energy-related establishments. Houston is home to 13 of the nation's 20 largest natural gas transmission companies, 600 exploration and production firms and more than 170 pipeline operators.
ABOUT SMART VENTURES
Smart Ventures is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. To learn more about the Company, visit: www.sandaydrilling.com
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