MIAMI, May 3, 2011 /PRNewswire/ -- Simulated
Environment Concepts (SMEV.PK), a manufacturer and developer of
medical, aesthetic, weight loss, wellness, and slimming equipment,
today announced that it has instituted a new payment protocol for
compensating the company's service providers in an effort to
dramatically reduce the use of Common Shares as a means of payment.
Dr. Ella Frenkel, President and CEO of Simulated Environment
Concepts (SE Concepts), stated, "As with any public company,
especially small caps, there is a cost associated with acquiring
the services of consultants to assist the company with developing
and implementing its business plan. This is especially true
where we are educating prospective investors through IR/PR
marketing services. Though the overall cost of consultants
can be rather expensive, we believe it should not drain the
company's resources or be detrimental to our investors."
SE Concepts intends to, in most instances, utilize preferred
shares to compensate all of its service providers, particularly its
IR/PR professionals, where cash is limited; largely eliminating the
use of common stock. The company believes this action will
reduce the expense associated with issuing common stock and keep
the Issued and Outstanding average rate of increase substantially
lower while encouraging all service providers to take a long term
position with the company.
Following an example set by the company's Lead Consultant,
nearly all of the groups engaged by SE Concepts for various
awareness and business consulting services have agreed to a
preferred share payment method. With an expectation of
increased corporate activity as the company prepares to complete
its audit, increase distributorships, establish preferred vendor
and co-branding relationships and leverage the weight loss and
anti-cellulite markets, business and awareness consultants seem to
have made a gesture of confidence in accepting the preferred stock
payment.
"I'm confident this adjustment will work in favor of building
greater shareholder value and strengthening the confidence in our
company," Dr. Frenkel concluded.
About Simulated Environment Concepts, Inc.
Simulated Environment Concepts, Inc. (SE Concepts) (Pinksheets:
SMEV) is an industry leading manufacturer and developer of cutting
edge medical, health and wellness equipment.
SE Concepts was established in 2000 by doctors dedicated to
advancements in medical technology and aesthetics. Its flagship
product, SpaCapsule®, which is currently distributed in over 37
countries, is a robotic massage therapy system used for medical
rehabilitation, relaxation, weight loss, cellulite management and
general wellness.
For more information on SE Concepts, SpaCapsule®, PTjetCapsule™
and Celude Laboratories™ products you can visit the Company's
product website at www.spacapsule.com, the corporate website at
www.seccorporation.com, the corporate blog at
http://www.spacapsule.wordpress.com, Facebook at
http://www.facebook.com/SpaCapsule or request more information via
email at ir@spacapsule.com, or call at (888) 757-0797 or (305)
651-9200.
In order to receive updates, investor kits and other periodic
data, please "opt in" at:
https://www.orderannualreports.com?link=SMEV.PK
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 registered trademark of Simulated Environment
Concepts, Inc.
Contact:
Simulated Environment Concepts
Allen Licht
Investor Relations Department
(888) 757-0797
SOURCE Simulated Environment Concepts, Inc.