NORCROSS, Ga., June 2 /PRNewswire-FirstCall/ -- Simtrol, Inc. (OTC Bulletin Board: SMRL), an innovative developer of enterprise-class software solutions that manage the extended network of connected devices, today announced a closing of approximately $562,000 in a private placement of convertible notes and warrants to purchase common stock. The private placement, comprised of existing investors, was led by TVP Investments, LLC and Parker H. Petit, Chairman of the Petit Group and former CEO and Chairman of Matria Healthcare.

"I have been impressed with Simtrol's management team and business plan during the last year," commented Parker H. Petit. "Their market opportunities in growth sectors position them well for rapid growth, and represent an attractive investment opportunity."

"I appreciate the confidence these existing investors have placed in our team and our ability to capture the market opportunities and create value," added Oliver Cooper, Simtrol Chief Executive Officer.

About Simtrol

Simtrol enables enterprises to manage an increasingly complex world. Simtrol's flagship Device Manager(TM) software powers enterprise-wide solutions that manage, control, maintain, and diagnose non-traditional connected assets. For more information about Simtrol, please visit www.simtrol.com.

This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Device Manager is a trademark of Simtrol, Inc. All other brands, logos, products or company names are the copyrights and/or trademarks of their respective holders. 

    Contact-Investor Relations
    Phone:  678-533-1292
    Email:  simtrolir@simtrol.com

SOURCE Simtrol, Inc.