Simulated Environment Concepts, Inc. Subsidiary, Nitro Holdings, LLC., Acquires 88 Acre Aquaculture Facility in North Carolina

Rhea-AI Summary

Simulated Environment Concepts, Inc. (OTC-PINK:SMEV) has announced that its subsidiary, Nitro Holdings, LLC, has acquired 88 acres and optioned an additional 26 acres from Aqua Plantations, LLC. This transaction includes buildings, customer base, and advanced technology for culturing hybrid striped bass. President Bryan Wilkinson highlighted this acquisition as a strategic move to tap into the $58 million North Carolina aquaculture market. Aqua Plantations has been a key player in high-value fish distribution since 2006, utilizing innovative recirculating aquaculture technology to enhance product quality.

Positive

• Acquisition of strategic land and technology from Aqua Plantations enhances SMEV's operational capacity.
• Access to a strong customer base and established distribution channels for hybrid striped bass.
• Potential to capitalize on the $58 million North Carolina aquaculture industry.

Negative

• None.

NASHVILLE, TN, Sept. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Simulated Environment Concepts, Inc. (OTC-PINK:SMEV) subsidiary, Nitro Holdings, LLC, purchased 88 acres and optioned 26 acres from Aqua Plantations, LLC. The transaction includes buildings, customer base, innovative technology, and certain equipment necessary to culture and distribute hybrid striped bass. Nitro Holdings President Bryan Wilkinson states, “With the credibility, knowledge, equipment, techniques Aqua Plantations LLC brings to the table we have the tools to be a major player in the estimated yearly $58 million North Carolina Aquaculture Industry.”

Aqua Plantation, LLC since 2006 has been culturing and distributing high-value finfish in collaboration with universities and industry leaders. The company has developed an innovative technique using state-of-the-art recirculating aquaculture, RAS, technology to purge and polish the bass for superior texture and taste.

Carolina Striped Bass™ is a trademark of Aqua Plantations, LLC. The Carolina Striped Bass is a delicate, mild fish with white flaky flesh that is low in calories and high in protein. The product, hybrid striped bass are a cross between two species, the striped bass (Morone saxatilis) and the white bass (Morone chrysops). The genus Morone belongs to the family Percichthyidae of the order Perciformes.

Hybrid striped bass are commonly marketed live, whole on ice, or filleted. Of the hybrid striped bass produced in the United States, approximately 81% is sold whole on ice, 19% is sold live, and 0% is sold as fillets. Market price has been relatively stable since 1990. Market price is based on the size class of the fish. Fish 0.75–1.0 pound are very small, 1.0–1.5 pounds are small, 1.5–2.0 pounds are medium, 2.0–2.5 pounds are large, and those greater than 2.5 pounds are very large. The larger the size class, the greater the value. Despite increasing supply over the past decades, market prices have remained stable.

Providing a stable weekly supply of superior quality product to its established distributors provides a reliable income stream to the aquaculture-based business model. According to the 2014 reports Aquaculture earned North Carolina 58 million, of which Hybrid striped bass made up over 20% of the market.

Please view a video of the property on our Twitter https://twitter.com/NitroHoldings and Website https://nitro.holdings/subsidiaries/

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 https://www.otcmarkets.com/stock/SMEV/overview.

Contact Information:
SMEV Shareholder/Investor inquiries can be directed to:
Marvin Baker - CEO
Email: Marvin@smevmerger.com
URL: www.smevmerger.com

FAQ

What did Simulated Environment Concepts, Inc. announce on September 28, 2021?

They announced the acquisition of 88 acres and optioning of 26 acres from Aqua Plantations, LLC for aquaculture operations.

What is the significance of the acquisition for SMEV?

The acquisition allows SMEV to enter the North Carolina aquaculture market, estimated at $58 million, leveraging Aqua Plantations' technology and customer base.

How does Aqua Plantations contribute to SMEV's growth?

Aqua Plantations brings expertise in recirculating aquaculture technology, which can improve the quality of hybrid striped bass products.

What kind of technology was acquired from Aqua Plantations?

The acquisition included innovative recirculating aquaculture systems for culturing hybrid striped bass.