SMCE SMC Entertainment Inc (PK)

SMC Recordings Inc. (PINKSHEETS: SMCE) San Francisco based independent Hip-Hop/Rap Label today announced that the audit of its fiscal year 2009 and 2008 financial statements have been finalized.

"The company's focus was to ensure that the 2008 and 2009 audits were complete and made available to its shareholders and potential investors. Profitability and transparency remain one of the key cornerstones of the company's corporate policy," states Ralph Tashjian, CEO for the Company.

The Company on November 2nd published its Annual Audited Report containing its audited fiscal 2009 and 2008 financial statements, with a report from its independent registered public accounting firm expressing an unqualified opinion regarding the company's audited financial statements on the OTC Disclosure and News Service.

In making the announcement, David Newberg, CFO for the Company, states, "The initial audit of a Company is a long and exhausting process, but once done it creates a financial foundation that increases our credibility and steadies the Company while providing our shareholders and potential investors with the visibility they require into our operations."

To view the Annual Report and Preliminary Financial results, please visit the website of the OTC Markets at: http://www.otcmarkets.com/stock/SMCE/

About SMC Recordings: Established in March of 2005, SMC Recordings is home to independent music and artists. Based in San Francisco, CA, the company's prized accomplishment is its unique philosophy of artist development, where artists are encouraged to participate with the label from inception through maintenance of their careers. This innovative structure has garnered industry veterans to join the company and aid in its growth. SMC is distributed by Fontana, the indie distribution subsidiary of Universal. It is SMC's humble regional beginnings and loyalty to their artists and their careers that will guarantee the company to always be on the precipice of creativity and expansion in the music game.

Forward Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact: Ron Taylor Investor Relations Division SMC Recordings 415-746-6482