News

SMO taps into Pickens Group for assistance

February 18, 2002

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EVERSON, Wash. - SMO Multimedia Corp. (Pink Sheets:SKLK), which plans to roll out a line of information kiosks at airports and shopping malls later this year, has turned to one of the investment world's most familiar names - Pickens - in an attempt to raise the company's visibility.

SMO announced on Jan. 9 that it has entered into an engagement letter with Pickens Venture Partners for strategic financial advice. Pickens Ventures has also taken an equity position in the company.

Pickens Ventures is an affiliate of Dallas-based investment firm The Pickens Group LP. Mike Pickens, the son of investor and oilman T. Boone Pickens, will lead the group and offer advice to SMO on the group's behalf.

"The Pickens Group has been very successful is presenting companies to the financial community," Robert Pratt, SMO chief executive officer, said in a news release, "and this unique opportunity gives SMO Multimedia not only a strong investor but also a very strong circle of influence to open doors as we launch our products this quarter."

Meanwhile, shareholders in Canadian magazine publisher Skytalk Communications Inc. have approved a name change to SMO Multimedia, one of the final moves in a merger between the two companies. The deal should be completed by the end of January, SMO officials said.