Simulated Environment Concepts Inc (OTCMKTS:SMEV) on August 4, 2021, announced finishing all tasks for regaining the OTC market current status.
CEO and President Marvin Baker said that since housekeeping has been done, the firm would update everyone on the strategy ahead.
The company aims to be a holding company having a number of divisions with the goal being diversified and yet comprise of divisions contributing to the success of each other. Simulated Environment said that the Real Estate Division will be geared for recreation and entertainment space and the management has secured 2 qualified properties valuing them just under $2 million.
The company’s hospitality division will be gearing towards beverage and food besides lodging space. Engineers, funders, builders have found a number of turnkey operations that can be purchased in the future. The entertainment division would be gearing for theatrical and musical events that can be classified as ‘festivals’
CEO Marvin Baker said that the firm is keen on securing $2 million in assets for its real estate division and is looking forward to updating other divisions once developed. The company has announced on completion of share structure changes. Simulated Environment has finished authorized share reduction from 1.8 billion, from earlier 9 billion, putting it to 80% of the total AS.
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