Simulated Environment Concepts Nears Audit Completion

MIAMI, July 1, 2011 /PRNewswire/ -- Simulated Environment Concepts (SMEV.PK), the manufacturer and developer of medical, aesthetic, weight loss, wellness, and slimming equipment, announced today that the Company has entered into what they believe may be the final phase of the audit.

Management expects that much of the difficult items in prepping the audit are nearly behind them.  The company believes it is much more knowledgeable today about the auditing process than they were when the first timeline was assessed.  At present, barring the unforeseen, management contends there is greater comfort in expecting the audit's completion by the end of this third quarter or inside of October.

Allen Licht, Chief Operating Officer of Simulated Environment Concepts (SE Concepts) stated, "The auditing process is certainly more thorough than anticipated; having to make many more considerations than one may anticipate.  So far it's been a great learning experience… expensive, but important for us to go through as a public entity.  Of course, the end result will be worthwhile for all of our shareholders."

Mr. Licht concluded, "Our counsel and financial compliance consultants are diligently working and reviewing all of our financial information in preparation for what we can only hope will be an easy and smooth transition to the OTCQB.  We are certainly excited about completing this audit and up-listing as the next two quarters are sure to continue the growing investment interest in our company and the rapid sales growth of our products."

Further updates on the audit and other important news will be posted over the next week on the corporate blog (www.spacapsule.wordpress.com) as well as on Facebook (www.facebook.com/SpaCapsule) and twitter (www.twitter.com/spacapsule).

About Simulated Environment Concepts, Inc.

Simulated Environment Concepts, Inc. (SE Concepts) (SYMBOL: SMEV) is an industry leading manufacturer and developer of cutting edge medical, health and wellness equipment promoting relaxation, physical rehabilitation, weight loss, slimming and cellulite reduction.   

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, slimming, cellulite management and general wellness.   

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 a registered trademark of Simulated Environment Concepts, Inc.

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 [email protected], or call at (888) 757-0797 or (305) 651-9200.

Contact:
Simulated Environment Concepts
Investor Relations Department
(888) 757-0797

SOURCE Simulated Environment Concepts, Inc.

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