Simulated Environment Concepts Attains Pink Sheets Current Information Status
2010年8月4日 - 8:45PM
Marketwired
Simulated Environment Concepts (PINKSHEETS: SMEV), makers of the
high pressurized dry water massage and relaxation station
SpaCapsule, today announced, as part of its commitment to providing
financial disclosure to shareholders and the public markets, the
company has recently completed all of the filings and other
required paperwork and has been upgraded to "Current Information"
status on Pink Sheets (www.otcmarkets.com).
"We are very excited to have updated our Pink Sheets filings to
achieve the 'Current Information' status," said Dr. Ella Frenkel,
Chairman and CEO of Simulated Environment Concepts, Inc. (SE
Concepts). "This has been a long awaited goal of SE Concepts.
Though the process requires an expenditure of both capital and
employee resources, we believe that with this status, the company
is better positioned to present a transparent and more attractive
story to investors."
The company has not had the otcMarkets "Current Information"
status for several years. The recent filing is a clear indication
of not only SE Concepts' commitment to provide accurate and updated
information to shareholders, but also speaks to the company's
continuous progress financially.
Many non-reporting Pink Sheet companies reflect "Limited" or
even "Caveat Emptor" status due to the expense of getting a Pink
Sheet filing completed and maintaining a current status. While not
as expensive as a full audit, bringing a company current from a
reporting hiatus can cost tens of thousands of dollars in man
hours, fees and penalties. This recent filing would suggest that SE
Concepts is quickly becoming fiscally healthy.
According to Pink OTC Markets, securities of Pink Sheet
companies that provided current disclosure to the public markets,
either through a regulator or directly to Pink OTC Markets,
represented 80.2% of all the dollar volume traded in 2009. The
average dollar volume per security in 2009 had averaged $81,259,055
for securities that obtained Current Information Status with Pink
OTC Markets, compared to $745,812, which is the average dollar
amount per security with No Information.
Frenkel concluded, "SE Concepts does intend to remain current
with Pink Sheets going forward. Moreover, we do intend to bring
into practice, making our filings along the same time lines
required by the SEC as we do anticipate becoming a fully reporting
company in early 2011."
About Simulated Environment Concepts, Inc.
Simulated Environment Concepts, Inc. is the developer of a
variety of relaxation products. For more information on Simulated
Environment Concepts and its flagship product, SpaCapsule®, you can
visit the company's product website at www.spacapsule.com, the
corporate website at www.seccorporation.com, or request more
information via email at ir@spacapsule.com, or call toll free at
(888) 757-0797.
Safe Harbor
Statements in this news release that are not historical facts,
including statements about plans and expectations regarding
products and opportunities, demand and acceptance of new or
existing products, capital resources and future financial results
are forward-looking. Forward-looking statements involve risks and
uncertainties which may cause the Company's actual results in
future periods to differ materially from those expressed. These
uncertainties and risks include changing consumer preferences, lack
of success of new products, loss of the Company's customers,
competition and other factors discussed from time to time in the
Company's filings with the Securities and Exchange Commission.
SpaCapsule is a registered trademark of Simulated Environment
Concepts, Inc.
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For further information, contact: At The Company: Simulated
Environment Concepts Investor Relations Department (888) 757-0797
Email Contact
Simulated Environment Co... (PK) (USOTC:SMEV)
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