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Big Mover; SMA Alliance Inc. (SMAA)

By Warren Paige

Shares of SMA Alliance Inc. (PINK: SMAA) are gaining momentum in early trading today after the company announced that its wholly-owned subsidiary is developing a platform to offer subprime auto financing.

At last check, SMAA shares were trading 22.50% higher at $0.245 on above average volume of 664,780.

USAutoplex, SMAA’s wholly-owned subsidiary, is focusing on the development of a platform to provide subprime auto financing to its vehicle buyers. The platform, called Autoplex Credit, will be launched shortly through USAutoplex’s exclusive agreement with Credit Union Dealer Network.

The platform will enable subprime lending at lower interest rates. It will also provide 6-month and one-year dealer service contracts.

Commenting on the development, Timothy Stephens, CEO of SMA Alliance, said that with sub-prime lending increasing in 2012, offering a financially advantageous option for SMAA’s dealer client buyers’ fit into the the company’s business model of service excellence.

 

June 11th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.