NASHVILLE (TN), Dec. 20, 2021 — via NewMediaWireSimulated Environment Concepts, Inc., OTC-PINK:SMEV, is proud to announce that 180 million common shares have been cancelled. This amounts to a 24% reduction in the outstanding shares. The OTC Markets are already updated to reflect the changes. The final piece of the clean-up after taking over SMEV was the reduction of old management shares. We feel that our clean-up is complete and we can now focus on completing our many acquisitions, and building shareholder value in 2022.
Simulated Environment Concepts, Inc. had a pivotal year in 2021. Shortly after Mr. Baker took control of the public company in July, he decreased the Authorized share count to 1.8 billion. This is an 80% decrease in total AS. In September, he made the First Acquisition of Nitro Holdings LLC. It has purchased a 90-acre Fish Farm in Eastern NC. We look forward to our first year under the SMEV umbrella and expect to make a significant contribution to SMEVs balance sheet going forward. Bryan Wilkinson, President of Nitro Holdings LLC, stated that the introductions made by Mr. Baker will open up many opportunities for joint ventures and clients in the future.
Carey Cooley joined the Board of Directors in October 2021. Carey’s first order, the share reduction, was one he helped to accelerate and successfully complete. Now, Carey will be focusing his efforts on structuring and facilitating incoming acquisitions. I want to thank Mr. Baker that gave me the opportunity to join SMEV Team. I am excited about my role in helping to bring together this group of incoming businesses in a way that creates mutual benefit among all entities, thus increasing shareholder value.
We want to take this opportunity to wish shareholders and their families a happy holiday season and a happy New Year. We are sorry if it took so long as we expected. We expect that the market cap will rise significantly when we complete our Acquisitions and that the stock will follow.
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