Smartt, Inc. FKA Carsmartt, Inc. announces the acquisition of Black Brick Construction, Inc.
Smartt Inc. (OTC Pink: CRSM) announced the acquisition of Black Brick Construction, Inc., a Florida-based company specializing in Ground Up Construction and Data Centers.
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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Smartt Inc. (OTC Pink: CRSM) announced the acquisition of Black Brick Construction, Inc., a Florida-based company specializing in Ground Up Construction and Data Centers. The acquisition gives Smartt 100% ownership and aligns with their strategy to expand through scalable firms with real revenue streams. Black Brick is currently profitable, generating over $100,000 in cash flow, and has three promising projects in the pipeline. Smartt aims to further diversify its operations across technology, real estate, and construction.
Positive
- Acquisition of 100% of Black Brick Construction, enhancing business portfolio.
- Black Brick is cash flow positive, generating over $100,000.
- Three new projects anticipated to drive future growth and revenue.
Negative
- None.
Details
News Market Reaction – CRSM
The recorded move for CRSM in the trading session of this news was -15.13%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Miami, Florida, June 25, 2021 (GLOBE NEWSWIRE) -- Smartt Inc., (OTC Pink: CRSM), is pleased to announce the acquisition of Black Brick Construction, Inc., a construction company specialized in Ground up Construction and Data Centers.
Our Director Mr. Diego Visconti commented: “Smartt, Inc. completed the acquisition of
Smartt, Inc. FKA Carsmartt, Inc. has recently changed the name and has an ongoing application with FINRA, the website and logo will also change soon.
The future goal of Smartt, Inc. will be to have different divisions and to acquire lean and scalable companies with real revenue stream and great potential to grow, at the moment we are looking at additional companies from the USA and Europe.
Mr. Visconti also said: “We are here to stay, and we are committed to move forward even after a long slow year due to the pandemic, it’s been tough, but we are recovering”.
About Smartt, Inc.:
Smartt, Inc. is a Holding company with different subsidiaries in the fields of Technology, Real Estate, and Construction.
About Black Brick Construction, Inc.
Black Brick Construction, Inc. is a construction company located in Florida specialized in Ground Up construction and Data Centers.
www.blackbrickconstruction.com
CONTACT
Smartt, Inc.
2828 Coral Way
Miami, FL 33145
Website: http://www.carsmartt.com
Phone: 786-409-7439
Email: info@carsmartt.com
FORWARD-LOOKING STATEMENT
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although SMARTT, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, SMARTT, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability to meet the conditions necessary to, among other matters, obtain a public listing on a major national exchange.
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