NASHVILLE, TN, DEC. 20, 2021 (GLOBE NETWIRE) — via NewMediaWire Simulated Environment Concepts, Inc. OTC-PINK:SMEV is proud to announce that it has successfully canceled 180,000,000 common shares, resulting in a more than 24% reduction in the outstanding shares. The OTC Markets have been updated to reflect these changes. The final piece of the clean-up after taking over SMEV was the reduction of old management shares. We feel that we have completed our clean-up and can now move on to the next phase of our many acquisitions and building shareholder wealth in 2022 and beyond, states President/CEO Marvin Baker.
Simulated Environment Concepts, Inc. was 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 completed the First Acquisition of Nitro Holdings LLC. This purchase has resulted in the acquisition of a 90-acre Fish Farm located 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 was to reduce shareholdings, which he helped speed up and get completed. Carey will now be focusing on helping to facilitate and structure incoming acquisitions. I want to thank Mr. Baker that gave me the opportunity to join SMEV Team. I’m excited to help this group of companies come together in a way that creates shareholder value and synergy.
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.
Forward-looking statements may be included in this press release. Forward-looking statements can be identified by the words “believe”, “expect,” and “should,” as well as variations of these words and similar expressions. However, their absence does not necessarily mean that a statement cannot be considered forward-looking. These forward-looking statements are based on the Company’s current expectations. They are subject to a variety of risks, uncertainties, and assumptions. The Company does not assume any obligation to revise any forward-looking statements as a result or new information or future events. There are many important factors that could cause actual results not to be as expected. These risks are described in the Company’s filings at www.otcmarkets.com.
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