SOURCE: Simlatus Corporation

Simlatus Corporation

May 09, 2016 15:38 ET

Simlatus Corporation Receives Purchase Order From Fiber Group

GRASS VALLEY, CA--(Marketwired - May 9, 2016) - Simlatus Corporation (OTC PINK: SIML) -- a company that manufactures Broadcast Equipment and sells to major world dominant broadcast companies such as CBS, FOX, NBC, ESPN, ABC and DirecTV and develops, manufactures, markets and owns proprietary advanced broadcast equipment and software and sells this audio and video broadcast equipment worldwide, announces today that the company received a purchase order from Fiber Group, Inc. in the amount of $49,323.30 for relay routers and control panels. 

Gary B. Tilden, Chief Executive Officer, stated, "We did receive the purchase order from Fiber Group Inc. today with instructions to ship the products to Quality Industrial Distribution in Columbia, South Carolina. Fiber Group has purchased 40 of our Innovation 16X1 Relay Routers and Control panels used for broadcast systems. We expect more purchase orders in the future for our quality systems."

Gary Tilden, CEO, further stated, "The Company continues to reduce its inherited convertible debt and work at supporting the equity, liquidity and share price. We understand that as a part of reducing the debt through conversions requires tremendous support in the market. We believe that Simlatus and its business opportunities will provide this support as the remaining conversions will soon come to an end in reducing all of the previous debts of the company."

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.

Contact Information

  • Investors:

    Gary B. Tilden
    CEO
    Simlatus Corporation
    (800) 390-8446
    www.simlatus.com