HIALEAH, Fla., Aug. 14 /PRNewswire-FirstCall/ -- Simclar, Inc. (Nasdaq: SIMC), a multi-plant electronics contract manufacturer, announced today that it will be unable to timely file its quarterly report on Form 10-Q for the quarter ended June 30, 2008, due to potentially significant problems arising as a result of the implementation of a new ERP software system within its Mexican subsidiary. While the Company's investigation of the matter is continuing, it is confident that the problems are confined to the second quarter and do not materially affect the results reported for any previous accounting period. The Company's efforts to identify and address these problems have necessarily affected its ability to prepare and file on a timely basis its Report on 10-Q for the quarter ended June 30, 2008, both because of the diversion of the time and effort of its management to the identification and correction of the problems, and because such corrections may affect the preparation of its financial statements for the second quarter.

Statements in this news release, which relate to other than strictly historical facts, such as statements about the Company's plans and strategies, expectations for future financial performance, and markets for the Company's products and services are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company's customer concentration, debt covenants, competition, and other risks detailed in the Company's most recent Annual Report on Form 10-K and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

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