SMC Entertainment, Inc.: SMC Entertainment Signs Definitive Purchase Agreement to Acquire Spectrum Entertainment LLC
SAN FRANCISCO, CA / ACCESSWIRE / February 24, 2021 / SMC Entertainment, Inc. ( SMC or the Company ) (OTC PINK:SMCE), a provider of products and services for the entertainment industry, digital communications, and content distribution solutions, is pleased to announce that it has executed a definitive purchase agreement to acquire 100% of Michigan-based Spectrum Entertainment LLC ( Spectrum LLC ) for equity of SMC Entertainment. SMC expects to close this acquisition soon and will release acquisition terms after closing.
Spectrum Midway & Carnival, the marketing brand name owned and operated by Spectrum LLC, specializes in fair ground rides, games, food and fun for the whole family. Spectrum LLC has been in operation for over 25 years. Revenues for fiscal years 2018 and 2019 were $597,153US and $618,204US respectively. Spectrum LLC experienced a significant revenue d
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