GRASS VALLEY, CA--(Marketwired - Jan 25, 2017) - Simlatus Corporation (
Simlatus current revenues are based upon its IP design, manufacturing and global marketing commercial audio and video broadcast equipment to the broadcast industry with long-term national and international distribution. Our customers include large broadcast giants such as CBS, NBC, ABC, FOX, ESPN and DIRECTV.
To listen to the interview please click the link below:
https://upticknewswire.com/ceo-gary-tilden-co...ogy-market
Chairman Robert Stillwaugh stated, "We are close and on schedule with the finalization of our SyncPal product, as our engineers are reviewing the final layout and fabrication of the circuit design. Once completed we will assemble and bench-test the first SyncPal unit prior to sending it to our major studio customer in Burbank, California. Our smart-phone application software engineer is finalizing the commercial software application that will control the operation and functions of our SyncPal. We continue to contract and expand new distributors and sell our existing product line as a result of implementing our new marketing program. Our 10-Q Ending 12/31/2016 is being prepared for filing and will provide an update on our financial status. Keep in mind that we had removed approximately $4M in toxic debt, and our strategic funding partners have agreed to prepare our $5,000,000 ELOC under an S-1 Registration. This is currently in process."
Mike Schatz, Chief Operations Officer stated, "I had the opportunity to attend a meeting on January 20 th in Grass Valley, California with Brian Lowe, a top executive with HTC Corporation; sponsored by the Economic Resource Council. Our group discussed immersive technologies and progress that HTC is involved with in the virtual reality product market. The Simlatus-IBS product will provide an enhanced revenue stream for our existing customers to manage real-time commercial broadcast studios using immersive technologies developed by Simlatus."
Chairman Robert Stillwaugh further stated, "We have two vertical products, SyncPal and the Simlatus-IBS that will greatly expand our revenue model this year."
ABOUT SIMLATUS : www.simlatus.com
Simlatus Corporation designs, manufactures and sells commercial audio and video broadcast equipment worldwide. The company has a current expanding revenue base in the broadcast industry with long-term national and international distribution. Our customers include large broadcast giants such as CBS, NBC, ABC, FOX, ESPN and DIRECTV, as well as many smaller broadcast customers, which include religious facilities, international broadcast facilities, colleges, and radio stations. The new Simlatus-IBS™ will allow the company to capitalize in the $120B growing industry of augmented/virtual reality.
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.
Investors: Robert Stillwaugh, Chairman Simlatus Corporation (800) 390-8446 www.simlatus.com
