SMC
Entertainment Signs
Letter of Intent to Acquire
White Hat
Vision, LLC and Song1, LLC
Including
Three
Patents
That
Protect
Against Digital
Cyber
Theft
San Francisco, CA
-- November 4, 2019 -- InvestorsHub NewsWire
-- SMC
Entertainment, Inc. ("SMC" or the "Company")
(OTC:
SMCE), a provider of wireless
communications services, digital content and
media
distribution
solutions, is
pleased to announce the execution of a Letter of Intent to
acquire 100% of Texas-based White Hat Vision, LLC
("White Hat") and 100% of
Texas-based Song1, LLC ("Song1")
for equity
in SMC. The acquisition is expected
to close upon completion of the
due diligence
process.
White Hat is the patent owner, developer and licensor of
three patents
that address protection against digital cyber
theft.
The three
patents, referred to as the Marshall
Digital Security ("MDS"), once embedded
securely in any
digital transporting environment, functions transparently and
strategically
removes portions of
a
digital
content packet (referred to as
Fragments) rendering it to a
stealth-like transmission and thereby
making the rest of the
packet
content
(referred
to as Segments) useless to
steal. Once a packet reaches its destination, the
Fragments and
Segments are merged together to deliver the digital content as
intended to.
MDS patents can be
embedded in solution offerings to any
deemed "sensitive" environment including government, healthcare,
banking, research, 3D printing,
media, and
gaming. The need for protection against worldwide cyber extraction
renders itself to our stealth technology. In addition to licensing
its patents, White Hat intends to vigorously pursue
infringements on any of its patents. The three patents are:
Song1 is a developer,
marketer and provider of
media
streaming
platforms
that has
licensed MDS's patents. Song1 has embedded
MDS's
patents in its
product offerings to create more secure,
much
faster and better commercial streaming
experience.
Song1 offers its services on a monthly subscription
basis.
"We look forward
to working
with White
Hat and Song1 and their respective managing
members to
expeditiously close our second acquisition of
2019,"
said Rick Bjorklund, Chairman and CEO of SMC. "We are also fortunate to be
adding White Hat's and
Song1's high caliber technical
team spearheaded by
Mr.
Marvin
Marshall, a parallel entrepreneur
and
inventor of the MDS patents.
As we have
communicated in earlier press releases, SMC will continue its
growth by acquisition strategy to broaden its business plan and
expedite revenue expansion. We would like to thank our
shareholders for their patience and
support as we continue to enhance SMC's core product
offerings."
"SMC's acquisition
of White Hat and
Song1 is a
significant milestone to both
companies," said Marvin Marshall.
"We believe SMC's
growth strategy fits well with our vision to build products and services
around the MDS cyber protecting
patents
and SMC's other
offerings that will generate and enhance
global sales, and
continue to develop new technologies that meet the needs of our
clients."
About
White Hat Vision LLC
White Hat
Vision,
LLC is a
developer, marketer and licensor of technology solutions built around
three patents, referred to as the Marshall
Digital Security ("MDS"), that address digital content
piracy and
cyber theft. MDS targets a number of
industries including but not limited to Internet and
mobile
transmission content, including government,
healthcare, banking, research, SCATA, energy, media, and gaming.
The MDS patents were
developed by Mr. Marvin Marshall (https://www.linkedin.com/in/marshallmarvin)
and his team of
intellectual marvels, a truly serial
inventor group. Prior to inventing the MDS
patents, Mr. Marshall invented the PrePaid Phone Card technology (which
he was awarded three U.S. patents). Prior to inventing the
PrePaid
Phone technology,
Mr. Marshall invented a new mathematical method specifically for precisely
balancing Dairy Ration Formulations. Also, he created a
companion Dairy Management software program. This invention
was highly successful and Mr. Marshall gained over 4,000 clients in
the U.S., Mexico and South Africa.
Available nationally documented articles featuring Mr. Marshall's
inventions and technologies are Time Magazine – 1978, Tampa
Tribune – 1990, TeleCard World – 1998 and the Wall
Street Journal (Breakout Section) December 7, 1998.
About Song1, LLC
Song1, LLC is a developer, marketer and
provider of recorded music streaming services that has
licensed MDS's patents. Song1 has
embedded MDS's patents in its product
offerings to create more secure, much faster and better commercial
streaming experience. Song1 offers its services on a monthly
subscription basis. Song1 plans to expand its
secure streaming services by building complementary products and/or
license the core technologies to other streaming service
providers. For more information, please
visit us at (www.song1.com).
About SMC Entertainment, Inc.
SMC Entertainment Inc.
is a
provider of wireless communications services, digital content, and
media distribution solutions. Our multi-discipline
revenue
approach includes
providing
media and wireless internet service to under-served markets by
acquiring under-capitalized WISPs (Wireless Internet Service
Providers).
With
our recent acquisition
of
FiberSKY Networks, Inc.,
FiberSKY's
primarily design concept involves the Digital Dome designs of a
hybrid Internet of Things (IoT)-based broadband network
system called FiberSKY™. This unique proprietary design is capable
of utilizing multiple technologies for the enhancement of deploying
the "last mile" of advanced high speed services to residential and
commercial customers. The FiberSKY system incorporates multiple
technologies such as power lines, fiber optics, licensed and
unlicensed wireless frequencies and existing telecom-owned
broadband back
haul networks to produce an efficient and scalable broadband
connection. For more information, please visit us at
www.smcemedia.com, and
www.fiberskynetworks.com.
Contact:
SMC Entertainment,
Inc.
info@smcemedia.com
Safe Harbor Statement
This press release contains
statements, which may constitute forward-looking statements within
the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Those statements include statements
regarding the intent, belief or current expectations of the
Company, members of its management, and assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements.