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SMC Entetainment Retires $600,000 in Debt ACCESSWIRE 24 May 2021, 19:05 GMT+10 BESSEMER, MI / ACCESSWIRE / May 24, 2021 / SMC Entertainment, Inc. ( SMC or the Company ) (OTC PINK:SMCE), a provider of venue-based family-oriented entertainment, is pleased to announce the retirement of $600,000 long-term debt in the form of a convertible note. The debt retirement will be reflected in the Company s second quarter 2021 financial statements. In February 2018, SMC issued a convertible note (the Note ) as part of SMC s acquisition of iPTerra Technologies, Inc. ( iPTerra ) and the iPMine software intellectual property ( iPMine ). On March 30, 2021, SMC announced it executed a stock and intellectual property purchase agreement with Wyoming-based privately-held Aktiv-Trak Inc. whereby SMC sold iPTerra, iPMine and SMC s AktivTrak software intellectual property to Aktiv-Trak Inc. for cash and stock. As a result of SMC s divesture, SMC was able to negotiate a substantial reduction in the p

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