Dec 30 2009
Simulated Environment Concepts, Inc. (PINKSHEETS: SMEV), makers of the high pressurized dry water massage and relaxation
station SpaCapsule, expect that their retaining of the AJENE WATSON, LLC,
New York private lending and financial business development and management
firm, will assist the company in repositioning itself within the
marketplace in anticipation of a prosperous 2010.
"It is our expectation that under the guidance of AJENE WATSON, LLC, our
company will achieve the success imagined when we first began nearly 10
years ago," stated Dr. Ella Frenkel, Chairwoman and CEO of Simulated
Environment Concepts, Inc., makers of SpaCapsule.
The company was founded to design and manufacture health, fitness, and
beauty equipment as well as holistic cosmetic products to supply the
growing demands of a 200 billion dollar industry. From year-to-year the
company enjoyed growth in sales and the breadth of its distribution
channels with little to no guidance within the public markets. However,
with the collapse of credit and financial markets, like many companies
reliant on that system, the company quickly realized the need to put forth
greater effort towards growth and success within the public arena as a
means to continue forwarding operations.
"My partners and I initially funded this venture with millions of dollars
of our own capital," stated Dr. Ilya Spivak, Managing Partner. "We firmly
believe in physical, emotional and mental wellness. This is partially what
led us to create our flagship product -- SpaCapsule®. We were challenged
by the effects of going public. However, we were strengthened by the public
acceptance of our product and business model with a growing belief that our
company would still become a valued investment among shareholders."
People close to Simulated Environment Concepts indicated that the company
sought out the services of AJENE WATSON, LLC at the urging of its
investors. Impressed by the list of referrals, further evidenced by the
firm's success with meeting objectives for both private and publicly traded
companies, management engaged AJENE WATSON, LLC as the company's lead
Consultant in August of 2009.
"We became aware of Simulated Environment Concepts back in March of '09,"
stated Ajene Watson, Executive Managing Member of AJENE WATSON, LLC. "After
several meetings and months of due diligence and evaluation, we came to the
conclusion that of the many companies which courted us this year, Simulated
Environment Concepts was indeed one of the more promising ventures."
Known for assisting start-up, small and/or fledgling companies with
restructuring, organizing, developing and deploying long term business
plans, the financial business development and management division of AJENE
WATSON, LLC was signed to a 15-month, $1.2 million consulting agreement in
August. The firm receives compensation in the form of cash, restricted
stock and preferred shares -- with restricted and preferred stock
constituting roughly 97% of payment.
"For the past several years, Simulated Environment Concepts consistently
generated a couple million dollars yearly," said Watson. "Even with the
collapse of the financial markets, the company managed to maintain the
interest of customers willing to spend up to $30k for a SpaCapsule. With a
fabulously broad domestic and international market, these futuristic and
stylish capsule-shaped relaxation stations, in my humble opinion, screamed
opportunity; an opportunity to be part of an effort promoting health and
wellness throughout the world, in various marketplaces. With companies such
as Google offering lunchtime meditation sessions to its employees, I
strongly believe that relaxation products like SpaCapsule will come to be
widely used and accepted."
Watson concluded, "There is nothing worse than a good company that's not
given fair investment-market recognition. Simulated Environment Concepts is
one of those penny stock companies that does not deserve negative
connotation, especially given the experience of management and quality of
the product. I firmly believe that with our expertise, the global appeal of
the SpaCapsule, management's experience, market transparency and extreme
corporate discipline, people will react positively -- resulting in
unquestionable value for the company."
Dr. Frenkel concluded, "What we've come to learn about this firm is that
they are unlike any other group in the financial services industry we've
encountered. Aside from the experience and acumen the team brings, they are
a very patient and dedicated group. Sincere about seeing you succeed, they
seem to give far more than what they take. We have many great opportunities
available that we believe will make 2010 a huge success, and with the
assistance of AJENE WATSON, LLC, success seems eminent."
SOURCE: Simulated Environment Concepts, Inc.
Source:
close to the company indicate that since the engagement of AJENE
WATSON, LLC, Simulated Environment Concepts has already began to improve
internally. Now able to take advantage of several opportunities which can
secure revenues for the next three to four years, Simulated Environment
Concepts appears stable and on-track.