Scottsdale, Arizona 7/22/2010 12:05:17 AM
News / Business

Simulated Environment Concepts, Inc. (SMEV.PK) Continues to Expand Internationally with Additional Multi-Million Dollar International Production Deal

QualityStocks would like to highlight Simulated Environment Concepts, Inc. (PINKSHEETS: SMEV). The Company 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 or the corporate website at www.seccorporation.com.

 

In the company’s news yesterday,

 

Simulated Environment Concepts announced that it has contracted with the United Arab Emirates company I. SEPTA Co., LTD., to secure a multi-million dollar deal to manufacture more than 150 SpaCapsules for the Middle Eastern Region.

 

“This is a significant milestone,” commented Dr. Ilya Spivak, Marketing Director of Simulated Environment Concepts (SE Concepts). “The global Muslim population is approximately 1.82 billion individuals. Considering the strict modesty rules preventing cross-gender massage, this deal opens the door to our SpaCapsules being used by the Islamic community throughout the world, positioning our company for continuous expansion, viability and use.”

 

When the company signed its December 2009 manufacturing deal with French company Zen & O to produce 250 SpaCapsules, it was evidence of the personal wellness industry thriving in Europe. Although the deal announced this morning is similar, it appeals to yet another and perhaps more significant concept, modesty. As the SpaCapsule’s technology caters to the fully dressed individual, both Muslim men and women can now enjoy healthful massage-therapy sessions, with all of the benefits of cellulite reduction, weight loss, relaxation, etc., without any concerns of indecency.

 

“We are delighted to partner with a progressive and forward-looking company like SE Concepts,” stated Mr. Hamid Ghods, Director of I. SEPTA, Co., LTD. “We have run an analysis on the use and acceptability of the SpaCapsule concept and we have learned that it should be a viable and well used product in our gyms, health clinics, spas, and hotels. We have already sold the first seven units, eagerly anticipate their arrival and expect to make additional orders in short order.”

 

Dr. Ella Frenkel, Chairman and CEO of Simulated Environment Concepts, Inc., added, “This manufacture and distribution agreement continues to expand our reach into the Middle East. It is a true compliment to our previous arrangements with Jordan and Egypt and will likely increase acceptance and sales throughout the region.”

 

According to the press release today, the arrangement calls for production and distribution between the two companies to continue over the next four years with an average of 38 SpaCapsules ordered annually. Those close to the company suggest, like the French distribution deal, there is a possibility the UAE arrangement will be accelerated, potentially fulfilling the current contract closer to two years and significantly increasing SE Concepts’ short-term revenues.

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.