Published On: Thu, Jun 9th, 2016

Simlatus Corp (OTCMKTS:SIML) Marks 18 Years In the Broadcasting Products Industry

Simlatus Corp (OTCMKTS:SIML) recently celebrated its 18th anniversary, of broadcasting products, through a channel of over 50 distributors. The company revealed that its customers included big names like CBS, ESPN, NBC and others. The chairman of SIML, Bob Stillwaugh, lauded the efforts of his management team for the development and marketing of the broadcasting products. Mr. Stillwaugh also pointed out that he has a vast experience in the design and building of broadcasting products and his reputation is another selling point for the company.

The chairman also mentioned the legal team, led by Sharon Mitchell as the General Council, in his address. Mr. Stillwaugh stated that the legal team was on good terms with FINRA and the SEC. Furthermore, he also updated that the company had recently received a $50,000 order, from Fiber Group Inc. Added to this; Stimlatus is also developing several new products and would be launching them in the coming months.

Mr. Stillwaugh was confident that the new products, like SyncPal and others based on augmented reality would help the company increase its revenues. The chairman also asserted that SIML shareholders should attend the annual shareholder meeting, due on June 15, 2016. The stakeholders would be given a tour of the company and also provide an update on future plans. He also reaffirmed his confidence that the companys current and future products would help the stock sustain its value in the near future.

Simlatus recently provided an update on its products, which are currently under development. The company has approved the final schedule and budget for the development of SyncPal and SimLature, an app purchase platform for accessories relating to virtual reality. The COO of Simlatus, Mike Schatz, stated that the first deliveries of the product would be made in 2017 and the management expects to target a market worth $30 million.

Simlatus Corp (OTCMKTS:SIML) experienced a trade volume of 3 million shares, during the June 8 trading session, before reaching a close at $0.0001 per share.

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