SMA Alliance Continues Dropping During Second Consecutive Week

In yesterday’s trading session at over-the-counter market, SMA Alliance (OTC: SMAA) dropped a dismal 24.32% to a share price of $0.14. The stock opened at today’s intraday high price of $0.18, slightly below yesterday’s closing price of $0.19, and closed at its intraday low price.

SMA Alliance’s stock has been dropping for over a week after peaking at a share price of $0.24 on June 4th, 2012.Despite its recent drop, SMA Alliance has given respectable performance at over-the-counter market this year, with a total gain of 250% since the start of 2012. Shares of SMA Alliance generated most gain from May 15th to June 4th this year.

SMA Alliance is a software application company that provides marketing and advertising solutions via Internet applications that center on lead generation.

SMA Alliance’s client base includes retailers and manufacturers, and the company’s products help steer live buyers to clients through online product interest conversion. By using its managed system technologies, SMA Alliance provides daily buying demand for clients through its applications and continued development of their proprietary technology systems.

As reported yesterday, SMA Alliance, through its wholly-owned subsidiary USAutoplex, is currently developing a platform to provide subprime auto financing to USAutoplex vehicle buyers. With an eye towards the future, SMA Alliance will soon launch Autoplex Credit through USAutoplex’s exclusive agreement with Credit Union Dealer Network.

Recent headlines of SMA Alliance also include:

  • June 7th, 2012: SMA Alliance signed letter of intent with large automotive manufacturer for nationwide Internet marketing placement services on USAutoplex.
  • June 5th, 2012: Strategic Marketing Alliance signed a renewable one-year contract with the Credit Union Dealer Network. This contract affirms that the Credit Union Dealers Network will use SMA’s lead generation software exclusively for advertising of existing and future clients. SMA will receive a percentage of the gross profits from every sale based on leads generated from their advertising application software. SMA estimates a revenue increase of up to $1.1 million per year based on the sales projections from the Credit Union Dealers Network.
  • May 24th, 2012: Strategic Marketing Alliance signed Victory Automotive Group to USAutoplex’s lead marketing program. Victory Automotive Group dealerships include more than 20 individual dealerships in Detroit (the Automotive capital of America), and surrounding areas as well as other dealerships across the nation. 

 

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.