Simulated Environment Concepts, Inc. Announces Share Reduction and Progress
Simulated Environment Concepts, Inc. (OTC-PINK:SMEV) announced the submission of documents to retire 460,500 shares of Preferred stock, equivalent to over 900 million common shares. This action is part of the company's restructuring efforts to enhance its financial standing and attract acquisition opportunities. President Marvin Baker expressed optimism regarding future negotiations. Additionally, the company engaged Ward Legal Group for corporate actions and has revived a fish farm for hybrid bass cultivation, while also exploring investments in NFTs and crypto through its subsidiary, Nitro Digital LLC.
- Retirement of 460,500 shares of Preferred stock, improving equity structure.
- Engagement with Ward Legal Group for strategic corporate actions.
- Revived fish farm operational, enhancing production capabilities.
- Nitro Digital LLC actively investing in NFTs and digital assets.
- None.
ANGOLA, IN, June 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Simulated Environment Concepts, Inc. (OTC-PINK:SMEV) is proud to announce as of Friday, May 27th, 2022, it has submitted all the necessary documents to retire 460,500 shares of Preferred stock. This Preferred stock, which equated to over 900 million shares of common stock. These shares were purchased by Mr. Baker from previous management last year. President Marvin Baker states, “With this reduction we feel we have completed all pieces to the cleanup puzzle of this entity. With companies reaching out to us lately to go public via Acquisition/ Reverse mergers we feel we are in prime position and have a lot more negotiation room to better the outcome for both our balance sheet & shareholders.”
Simulated Environment Concepts, Inc. has recently engaged Ward Legal Group PLLC to assist with things such as name change, QB Up list and other corporate actions. Ward Legal Group replaces Carey Cooley, Mr. Cooley was removed recently per his request, with his reasoning being to focus on his other publicly traded companies. We would like to thank Mr. Cooley for assisting with documents, and most of all the 180 million common stock he was able to reduce held by previous management.
Our first Acquisition, Nitro Holdings LLC purchased a 90-acre Fish Farm in Sept 2021. Located in Vanceboro, NC, this farm was nonoperational when it was purchased by COO Bryan Wilkinson last year. After a busy winter/spring it has been brought back into production and will be the home of Hybrid Stripped Bass Cultivation. Mr. Wilkinson, President of Nitro Holdings, states, “When this farm was purchased Via auction last year, we understood the busy & long days we had ahead to revive and bring this back to operational levels. Over the past 6 months we have replaced wells, water lines, drains, electric, and made countless other improvements to the farm and property. We expect to be stocking the first 3 ponds within the next 45 days, from there things will really ramp up.” Updates on that project will be released via PR or can be seen on https://twitter.com/NitroHoldings
In the 1st Q of 2022, Nitro Holdings LLC formed Nitro Digital LLC which focuses on NFT & Crypto sector. To date, they have purchased several NFTs and have started buying Digital Assets during the market pullback to add to the balance sheet. Nitro Digital LLC will actively buy/sell crypto Assets & NFTs in efforts to bolster the balance sheet.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's respective filings at www.otcmarkets.com.
Nitro Holdings LLC, is an Aqua-Culture based company focused on Farming, Logistics with interest in expansion into Hydroponics & Aquaponics. We plan to have our own state-of-the-art recirculating aquaculture system (RAS) with expansion to indoor grow out facilities. We are actively searching for JV partners as well as acquisitions in the Aquaculture space.
Nitro Digital LLC, A wholly owned subsidiary of Nitro Holdings LLC, will focus on NFT, Crypto as well as possible JVs in the BTC/NFT sector. Currently Nitro Digital is actively looking for NFT/crypto investments to carry on the balance sheet going forward.
Contact Information:
SMEV Shareholder/Investor inquiries can be directed to:
Marvin Baker President
Email: Marvin@smevmerger.com
URL: www.smevmerger.com
Twitter: www.twitter.com/SMEVMerger
Subsidiaries:
Nitro Holdings https://twitter.com/NitroHoldings https://nitro.holdings
Nitro Digital https://twitter.com/NitroDigitalLLC
FAQ
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