Simulated Environment Concepts, Inc. announced this morning that in most cases it will now utilize preferred shares to compensate all of its service providers, particularly its IR/PR professionals, in an effort to largely eliminate the use of common stock as a means of payment. This change will not only reduce the expense associated with issuing common stock, but also keep the Issued and Outstanding average rate of increase substantially lower and encourage service providers to take a long term position within the company.
Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts (SE Concepts), stated, “As with any public company, especially small caps, there is a cost associated with acquiring the services of consultants to assist the company with developing and implementing its business plan. This is especially true where we are educating prospective investors through IR/PR marketing services. Though the overall cost of consultants can be rather expensive, we believe it should not drain the company’s resources or be detrimental to our investors.”
Nearly all of the groups engaged by SE Concepts for various awareness and business consulting services have agreed to a preferred share payment method. The company believes expectations of increased corporate activity, more distributorships, and additional established preferred vendor and co-branding relationships have influenced business and awareness consultants to make the gesture of confidence in accepting the preferred stock payment.
“I’m confident this adjustment will work in favor of building greater shareholder value and strengthening the confidence in our company,” Dr. Frenkel concluded.
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