This morning, Simtrol announced that a letter to shareholders has been sent to the company’s investors and published on their website. The letter summarizes recent company events and includes an outlook on the market.
Simtrol President and Chief Executive Officer, Rick Egan, stated, “We feel strongly about making our shareholders aware of our progress during the first half of 2007. We have a solid foundation of industry partners, senior executives, and capital as well as an exciting product roadmap to bring value to our shareholders.”
The letter outlines Simtrol’s primary focus on the rapidly expanding Healthcare and Government markets and estimates the revenue potential from the Healthcare market at approximately $200-300 million, and the revenue potential from the company’s digital arraignment software in the Government Market at approximately $500 million.
The letter also includes: a description of each unique feature of Simtrol’s software products, a recap of the key additions to the senior management team, a review of the equity financing during March 2007, and the evaluation of new marketing partnerships.
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