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Charleston, South Carolina, Feb. 11, 2022 (GLOBE NEWSWIRE) — SMC Entertainment, Inc. (“SMC” or the “&CloseCurlyDoubleQuote Company”;) (OTC: SMCE) and its majority subsidiary, Genesis Financial, Inc. (“Genesis”) – an integrated financial technology company (“Fintech”) with a full suite of digital financial services solutions, is pleased to announce that on February 9and the company has appointed Ms. Sachie McQueen to the board.

Ms. McQueen is a recognized senior investment banker with over 10 years of experience in global equity sales and research at leading investment banks such as Goldman Sachs and Credit Suisse. She was ranked in the top 3 in the Institutional Investors magazine survey for five consecutive years from 2004 to 2009. In 2010, Ms. McQueen began working at Amazon.com INC headquarters in Seattle as a financial analyst principal responsible for financial analysis and oversight of Amazon’s financial operations.

Quoting Ms. McQueen “I am extremely pleased to join SMC/Genesis Financial as an Independent Director. Knowing that the company has such growth potential, unique opportunities and strong pipelines in Australia’s $3.9 billion wealth management industry, I look forward to bringing my experience and expertise to bear in the industry. funding to grow the business, explore new sources and connect the two nations with my fellow Board members. I look forward to helping the business run in the near future”

“I am honored and look forward to Sachie joining our Board of Directors. She not only brings substantial experience in financial affairs, but a significant understanding of international markets. This completes the group we are assembling to provide a global investment organization providing products and services to our clients and advisors without being hindered by geographical boundaries.” Said Chuck Provini Chairman of the Board

About Genesis Financial, Inc.

Genesis, with 23 employees under its responsibility as well as 120 consultants, advisors and financial representatives, is a fully integrated financial technology company with a complete range of digital financial services solutions. Genesis, which focuses on fintech-enabled wealth management services, operated its business through two Australian regulated entities in wealth management, tax and accounting advisory services. The two operating subsidiaries are Ballast Group and The Financial Link Group. For more information visit www.ballast.com.au and www.tflg.com.au.

The Australian wealth management industry has over 25,000 financial advisers who manage 2.2 million investors. Annual fees generated by the wealth management industry amount to nearly $3.9 billion. According to AITE (2020), at least 10 million adults are underserved or not served at all by Australian financial advisers. Genesis has positioned itself firmly to acquire and consolidate in order to grow in the fragmented business of independent dealer groups in Australia.

About SMC Entertainment, Inc.

SMC is a versatile holding company focused on acquiring and supporting proven commercialized financial services and technology (fintech) companies. SMC’s multidisciplinary growth approach through acquisition aims to increase revenue and equity. For more information about SMC, visit www.smceinc.com.

Contact press release:

Erik Blum

President

SMC Entertainment, Inc.

[email protected]

Safe Harbor Statement

This press release contains statements that 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. Such statements include statements regarding the intention , belief or current expectations of the Company, its officers and the assumptions on which such statements are based. Potential investors are cautioned that these 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 these forward-looking statements.