Simulated Environment Concepts and CMR Construction & Roofing Announce Potential Merger

Simulated Environment Concepts, Inc. (OTC: SMEV) and CMR Construction & Roofing LLC have announced the signing of a Letter of Intent (LOI) for a potential merger that could reshape the landscape of the construction and roofing industries. The proposed merger aims to create a diversified construction company with a focus on enhancing shareholder value through strategic investments and acquisitions.

CMR Construction & Roofing, recognized as one of the top 10 roofing companies in the United States, brings substantial industry expertise to the table. The company has consistently generated over $100 million in annual revenue since 2018, a track record that promises to significantly boost SMEV's market capitalization upon completion of the merger.

Bryan Wilkinson, CEO of Simulated Environment Concepts, expressed enthusiasm about the potential merger, stating, 'This strategic transition signifies a crucial juncture and opportunity for SMEV.' Wilkinson praised CMR's successful expansion and embrace of innovation, highlighting the potential for a renewed perspective for SMEV shareholders.

The merger is expected to bring about a transformation for SMEV, evolving it into a multi-faceted enterprise engaged in construction, real estate financing, corporate spin-outs, industry consolidations, and early-stage financing. CMR is slated to become the surviving entity, bringing its substantial business acumen and management expertise to the combined company.

Steven Soule, CEO of CMR Construction & Roofing, LLC, expressed optimism about the collaboration, stating, 'We're looking forward to collaborating with Simulated and anticipate a successful merger. This transaction is important and integral to our Strategic Plan.'

CMR's impressive credentials include being America's 9th-largest roofing company, with over 500 employees nationwide and a reputation for completing challenging projects efficiently. The company specializes in historic restoration work, complex commercial buildings, and specialty residential projects. CMR's ability to mobilize quickly in response to severe storm damage and its numerous industry certifications and recognitions underscore its strong position in the market.

For SMEV, this merger represents a significant shift from its current focus. The company's wholly-owned subsidiary, Nitro Holdings, LLC, is currently an aquaculture-based company focused on farming and logistics. SMEV is in the final stages of completing its 2022 and 2023 audits, with plans to uplist to a new exchange and become a fully reporting company in 2024.

The proposed merger aims to incorporate an enhanced business model that includes increased revenues from ancillary verticals and upselling of existing customers with a full array of home improvements. This strategy could potentially open up new revenue streams and market opportunities for the combined entity.

As the construction and roofing industries continue to evolve, this merger could position the new company to address global challenges through innovative solutions and responsible risk management. The combined expertise and resources of SMEV and CMR could lead to advancements in construction technologies and practices, potentially benefiting not only shareholders but also clients and the broader industry.

Investors and industry observers will be watching closely as this merger progresses, given its potential to create a formidable player in the construction and roofing sectors. The success of this merger could set a precedent for further consolidation and innovation in these industries.

For more information about CMR Construction & Roofing, visit www.nitroholdingsllc.com. Updates on the merger and company developments can be found on X.com/SMEVCO.