Today before the opening bell, Simulated Environment Concepts announced that it has engaged Eventus Advisory Group, LLC to help prepare its financial statement audit and manage its long-term financial and reporting-company compliance requirements with the Securities & Exchange Commission (SEC).

Dr. Ella Frenkel, President & CEO of Simulated Environment Concepts (SE Concepts) commented, “Completing an audit is just a piece of being transparent and growing our Company. It’s the ongoing responsibility needed to maintain transparency and build the fiscal strength of the Company that is key. This is especially important for us right now as we look to become a fully-reporting company with the SEC and uplist our stock. Maintaining a fully-reporting status requires discipline and guidance and we look forward to working with Eventus and benefiting from their expertise.”

Neil Reithinger, President of Eventus, stated, “Since the beginning of our discussions with the management of Simulated Environment Concepts, they have been very open and cooperative with us. Becoming a fully-reporting company and maintaining compliance requires a high level of diligence, and we look forward to working closely with SE Concepts management as we engage ourselves in this process with them.”

According to the press release, major announcements are planned on the heels of the audit’s completion and the company is working conscientiously to expedite the process. In the interim, SE Concepts remains compliant with OTCMarkets’ reporting requirements, maintaining the “Current Information” status.

SE Concepts expressed optimism that the audit would be completed on a timely basis so that it can “anticipate reporting to the SEC with a view to uplist within the 3rd Quarter.” The company also anticipates having its second shareholder conference call sometime during July 2011.

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