GRASS VALLEY, CA--(Marketwired - May 27, 2016) - Simlatus Corporation (OTC PINK: SIML) announces today that its broadcast products have been sold over the past 18 years by over 50 distributors and purchased by major broadcast giants such as CBS, NBC, ABC, FOX, ESPN and DirecTV.
Bob Stillwaugh, Chairman, stated, "We have a strong management team guiding the core business and manufacturing of our broadcast products for the growing broadcast industry. Our footprint is recognized by all of the major broadcast studios worldwide. We have loyal distributors and over 50 products to meet their needs in broadcasting. I have had a very successful 40-year history in television station operations and management, plus project design and implementation, serving 24 of those years with the widely known Grass Valley Group (Now a division of the St. Louis-based Belden Inc), a widely known brand in the industry, in Northern California's Tech Arena. I specialized in engineering development / systems engineering and managed the customs products group. I designed and built the products that Simlatus is selling today, and my reputation stands behind each product we build."
Mr. Stillwaugh further stated, "We have a strong and experienced legal team with Sharon Mitchell as our General Council with SD Mitchell & Associates, PLC, a Member of the State Bar of Michigan, and in good standing with FINRA and the SEC. She also stands behind our company, our management and our employees. The company receives purchase orders, and provides quotes to all of our distributors on a frequent basis, most recently a $50,000 order that we are fulfilling for Fiber Group Inc. for one of their government clients. We are launching several new products in the months to come, such as our new SyncPal, and products in the digital media world of augmented reality and virtual reality. These new products will provide increased revenues for Simlatus. We encourage all of our shareholders to attend the Annual Shareholder Meeting on June 15, 2016. We will give a tour of our facility, and discuss the future growth of this company. Regardless, the new revenues, intellectual property, and new products will support the stock price and equity now and in the future."
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.