SOURCE: Simulated Environment Concepts

Simulated Environment Concepts

April 26, 2011 07:45 ET

SE Concepts Furthers Audit and Financial Compliance Efforts in Contracting CFO Services

Eventus Advisory Group, LLC Hired as Company's Guide Through Financial Compliance - Audit Completion

MIAMI, FL--(Marketwire - Apr 26, 2011) - Simulated Environment Concepts (PINKSHEETS: SMEV), a manufacturer and developer of medical, aesthetic, weight loss, wellness, and slimming equipment, announced that it has engaged Eventus Advisory Group, LLC ("Eventus") to assist the Company in preparing for its financial statement audit and managing its long-term financial and reporting-company compliance requirements with the Securities & Exchange Commission (SEC).

Dr. Ella Frenkel, President & CEO of Simulated Environment Concepts (SE Concepts) stated, "Completing an audit is just a piece of being transparent and growing our Company. It's the ongoing responsibility needed to maintain transparency and build the fiscal strength of the Company that is key. This is especially important for us right now as we look to become a fully-reporting company with the SEC and uplist our stock. Maintaining a fully-reporting status requires discipline and guidance and we look forward to working with Eventus and benefiting from their expertise."

Upon announcing the engagement of MaloneBailey, LLP, a certified accounting/audit firm (Houston/NY), to conduct the audit of SE Concepts, management has thrown its commitment of completing the SEC audit into high gear. Securing the services of Eventus is just one of the evident actions the Company has taken.

Neil Reithinger, President of Eventus, stated, "Since the beginning of our discussions with the management of Simulated Environment Concepts, they have been very open and cooperative with us. Becoming a fully-reporting company and maintaining compliance requires a high level of diligence, and we look forward to working closely with SE Concepts management as we engage ourselves in this process with them."

With major announcements planned on the heels of the audit's completion, SE Concepts is working conscientiously to expedite the process. In the meantime, the Company remains compliant with OTCMarkets' reporting requirements; and continues to maintain the "Current Information" status.

The Company is optimistic about completing the audit on a timely basis so that it can anticipate reporting to the SEC with a view to uplist within the 3rd Quarter. Management also anticipates having its second shareholder conference call sometime during July 2011.

About Eventus Advisory Group, LLC

Eventus Advisory Group, LLC provides capitalization planning, consultation on initial public filings, as well as finance department creation, organization, implementation and maintenance (CFO Services) to small and medium sized companies, both public and private. Eventus Advisory Group, LLC offers a wide variety of services that enable its clients to grow and to achieve their financial objectives.

About Simulated Environment Concepts, Inc.

Simulated Environment Concepts, Inc. (SE Concepts) (PINKSHEETS: SMEV) is an industry leading manufacturer and developer of cutting edge medical, health and wellness equipment.

SE Concepts was established in 2000 by doctors dedicated to advancements in medical technology and aesthetics. Its flagship product, SpaCapsule®, which is currently distributed in over 37 countries, is a robotic massage therapy system used for medical rehabilitation, relaxation, weight loss, cellulite management and general wellness.

For more information on SE Concepts, SpaCapsule®, PTjetCapsule™ and Celude Laboratories™ products you can visit the Company's product website at www.spacapsule.com, the corporate website at www.seccorporation.com, the corporate blog at http://www.spacapsule.wordpress.com, facebook at http://www.facebook.com/SpaCapsule or request more information via email at ir@spacapsule.com, or call at (888) 757-0797 or (305) 651-9200.

In order to receive updates, investor kits and other periodic data, please "opt in" at: https://www.orderannualreports.com?link=SMEV.PK

Safe Harbor

Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.

SpaCapsule is registered trademark of Simulated Environment Concepts, Inc.

Contact Information

  • Contact:
    Simulated Environment Concepts
    Allen Licht
    Investor Relations Department
    (888) 757-0797