Smartt, Inc. FKA Carsmartt, Inc. announces the acquisition of Black Brick Construction, Inc.

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.

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 100% shares of Black Brick Construction, Inc. The company is over $100,000 cash flow positive, and has three new projects coming up with a great potential to grow".

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.

Attachments

• Black Brick Construction, Inc.
• Black Brick Construction, Inc. 1
• Black Brick Construction, Inc. 2

FAQ

What is the purpose of Smartt Inc.'s acquisition of Black Brick Construction?

The acquisition aims to enhance Smartt's business portfolio and focus on scalable companies with strong revenue streams.

How much cash flow does Black Brick Construction currently generate?

Black Brick Construction generates over $100,000 in cash flow.

What are the future plans for Smartt Inc. after acquiring Black Brick Construction?

Smartt Inc. plans to diversify its operations and continue to acquire companies in the USA and Europe.

What new projects does Black Brick Construction have in progress?

Black Brick Construction has three new projects underway, which are expected to contribute significantly to growth.

How does the acquisition impact Smartt Inc.'s financial strategy?

The acquisition supports Smartt's strategy to expand into profitable sectors and potentially increase revenue through diversified operations.