BrewBilt Brewing Co (BRBL)

[Milo1]

Statement From the Chairman Richard Hylen

San Francisco, CA, April 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK:SIML) ("Simlatus" or the "Company"), the company announces that pursuant with the filing of our Form 10-KT for the period ending December 31, 2018, the Company will require additional time to complete the audit procedures based upon the facts that the merger took place in November 2018, and the issuer had changed its year-end from March 31 to December 31. The Company was required to file the Form-10KT on or before March 31, 2019, and had filed an extension Form NT 10-K on April 1, 2019 for filing on or before April 16, 2019. The company anticipates filing in the very near future once all of the audit procedures are complete.

Richard Hylen, CEO and Chairman, stated, "Our merger took place in the fourth quarter of 2018, while the company changed its year-end filing date from March 31 to December 31. We anticipate the audit being filed soon without any problems. During this audit time, the company has brought to the table two of the three distribution partners representing $250M in revenues over the next 5 years for its Cold Water CBD/HEMP Extraction Systems. We are now in discussions with the largest CBD extraction producer in the world. They currently produce 4M pounds of biomass per month and will require our technology to maintain their operations. This will be announced in the near future."