San Francisco, California, May 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK:SIML) (“Simlatus” or the “Company”), a company that operates multiple revenue streams in the CBD Industry, Major Broadcast Industry and Internet Provider Industry, announces its first Purchase Order to manufacture 4 Cold Water CBD/HEMP Extraction Systems in the amount of $2,880,000.
Richard Hylen, Chairman and CEO, stated, “I received a commercial purchase order from United Opportunities, LLC on May 28, 2019 to manufacture 4 Cold-Water CBD/HEMP Extraction Systems for one of their customers in the amount of $2,880,000. After manufacturing and delivery, our net profit is approximately $1.1M. We are expecting $35M in the next 10 months from United Opportunities who are a major player in the cannabis markets.”
Mr. Hylen further stated, “We have additional positive news for our shareholders. Satel is now receiving additional MDU properties for DirecTV and Internet services. Last week Satel signed two new properties totaling approximately 300 units. Our new construction pipeline shows over 10K new units in the next three years. Further, Satel was awarded national distributorship from Sendtek for its internet over coaxial cable products. Sendtek's 1 and 2 gigabit equipment allows Satel to bring high-speed internet services to its existing MDU market, with over 19,000 units passed, without additional capital required to new cables. Lower initial capital cost means we can offer very competitive pricing. With this continued growth, Satel anticipates increasing its MDU initially $6,000 per month for the units up to $200,000 per month over the next 3 years. Additionally, the revenue increase through the integration of the Sendtek technology has the potential of $40/month for each of the 19,000 existing customers, or approximately $760,000 per month.”
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