SOURCE: Simlatus Corporation

April 27, 2016 13:33 ET

Simlatus Corporation Receives a Nod From Fiber Group

GRASS VALLEY, CA--(Marketwired - Apr 27, 2016) - Simlatus Corporation (OTC PINK: SIML) -- has recently announced that Fiber Group contacted Bob Stillwaugh, Chairman yesterday to inform Simlatus that they will be receiving the contract to build 40 systems for the US Navy. Fiber Group will be sending the official purchase order later this week.

The company submitted a quote to Fiber Group on April 8, 2016 which includes 40 Innovation 16x1 Video/Relay Routers to be purchased by the US Navy.

Gary B. Tilden, CEO, stated, "We continue to lead the industry with high quality broadcast equipment used for commercial and government broadcast applications. We will make an official announcement very soon on the delivery of these systems."

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

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