Simtrol, Inc. (SMRL.OB) Reports 19.6% Increase in Revenues and a 571% Increase in Total Assets
Simtrol released its quarterly report for the quarter ended June 30, 2007. The report announced that total assets increased about 571% for the six months ended on June 30, 2007 from $285,908 for the six months ended on December 31, 2006. The company explained that the increase was primarily due to proceeds from Series B convertible preferred stock that was issued March 16, 2007 in a private placement. The company also announced that its revenues substantially increased from $35,056 to $41,900, an increase of 19.6%. The company announced last month that it joined Polycom ARENA program to provide digital arraignment solutions…