SOURCE: Simlatus Corporation

Simlatus Corporation

September 21, 2016 08:00 ET

Simlatus Update -- Statement From the Chairman

SIML Targets $30M in Sales in 24 Months

GRASS VALLEY, CA--(Marketwired - Sep 21, 2016) - Simlatus Corporation (OTC PINK: SIML)

Simlatus is a small revenue generating company, which develops, manufactures, markets and owns proprietary commercial advanced broadcast equipment and software and sells this audio and video broadcast equipment worldwide. The company is entering the $150 Billion 'Immersive Technologies Device Industry', while at the same time introducing its new SyncPal to the 10,000 TV Studios with a potential $30M revenue stream in sales.

Our Chairman, Robert Stillwaugh, announced today the following statement: "The products manufactured by Simlatus have been my priority for the past 18 years. We take pride in selling our commercial broadcast systems to large and small studios worldwide. We've had multiple purchases in the past 18 years from customers such as DirecTV and Fox News, as well as NBC, CBS, ABC, and ESPN. They've come to purchase our technology on several occasions. Recent purchasers in the past couple of years have been DirecTV and Fox News.

More important is that our shareholders understand that 55 products that we manufacture are supported by our 50+ distributors worldwide. Even more important is that our products are used for other industries such as surveillance and deep sea exploration. Last month Simlatus completed a $50,000 purchase order for Fiber Group, Inc., and their customer utilized our systems to enhance their surveillance systems for their Nuclear Plant. There are anticipated future sales of our product for similar applications with other facilities. In the past 10 years our distributor, Enders and Associates, Inc. located in West Hills, California has sold more than 150 16x16 Routers and 32x32 Routers to Schilling Robotics, LLC in Davis, California. Founded in 1985, Schilling Robotics is one of the leading manufacturers and distributors of machinery in the United States. It offers subsea control systems, remotely operated vehicles and other high-technology equipment. The company provides a variety of services for oil and gas exploration and production industries.

We were invited and attended the 100 year anniversary social event of the Society of Motion Picture & Television Engineers on September 14, 2016, and we will become a member. This will expand our network into the motion picture industry. Most everyone at the meeting knew me and was excited that Simlatus would become a member of their organization. The Society of Motion Picture and Television Engineers® (SMPTE®), has supported a century of technological advances in entertainment technology. For the past 100 years, SMPTE (pronounced "simp-tee") have sorted out the details of many significant advances in entertainment technology, from the introduction of "talkies" and color television to HD and UHD (4K, 8K) TV.

We have a strong foot in the door, and a solid reputation with our industry, our distributors and the companies who use our technology. We are focused in introducing SyncPal in the next few months, and designing our first Immersive Technology in the augmented/virtual reality markets. Our emphasis will be to hit our $30M annual gross sales in the next 24 months, while building value and equity for all of our shareholders."

ABOUT SIMLATUS: www.simlatus.com/news/

Simlatus manufactures Broadcast Equipment that has been sold over the past 18 years through its 55 distributors to companies such as CBS, FOX, NBC, ESPN, ABC and DirecTV. In the past several months the company has sold products to FOX News, and DirecTV, as well as to one of the largest nuclear plants in the country using Simlatus products for their surveillance 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.

Contact Information

  • Investors:

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