NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- Millennium India Acquisition Company, Inc. ("MIAC") (Nasdaq: SMCG - News) today announced unaudited US GAAP results for the quarter ended June 30, 2008 for SMC Global and for SAM Global (collectively "SMC Group of Companies"). On a non-GAAP basis for the quarter ended June 30, 2008, the SMC Group of Companies ("SMC Group") had total revenues of approximately $10.34 million (Rs. 443.77 million), and Net Income of approximately $90,000 (Rs 3.9 million). For the quarter ended June 30 2007, the SMC Group had unaudited revenues of approximately $10.52 Million (Rs. 451.8 million) and Net Income of approximately $5.98 million (Rs 256.9 million)SMC Group also reported an increase in the number of branches, cities covered and customers served. As of June 30, 2008, SMC:
-- Increased retail distribution network to 1,338 branches compared with 857 branches as of June 30, 2007
-- Increased nationwide presence to 360 cities compared with 225 cities as of June 30, 2007
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