BrewBilt Brewing Co (BRBL)

[Nistel]

San Francisco, CA, Feb. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation and Satel Group Inc. (OTC Pink: SIML) (“Simlatus” or the “Company”), announced today that its internet business projects an increase of $12M in new revenue contracts over the next 24 months.

The growth in new business revenue is projected at over 120% increase per year over prior year’s revenue. The increase in revenue will be driven by a more strategic sales strategy, increase in quality customer service, and through mergers of other smaller companies in the same space.

Satel currently services 19,000 living units within 170 building complexes in Metropolitan San Francisco and Oakland. Satel is quickly booking another additional 1,000 living units by end of second quarter. Management has their eye on the greater San Francisco Bay Area and is focused to increase up to 240,000 living units by the end of 2022 through an aggressive marketing strategy using new technology, the addition of OTT (Over-The-Top) programming, high-speed internet and competitive pricing.

More: https://ca.finance.yahoo.com/news/satel-group-simlatus-expanding-projects-120000181.html

Since we are almost there (24 months time frame), a small recap of the achievements.

Revenues as shown in SIML's quarterly financial reports (=all Satel):

Q4 2020: $ ???,??? Full year: $ ???,???
Q3 2020: $ 72,485 (YTD $ 262,571)
Q2 2020: $ 74,709
Q1 2020: $ 115,377
Q4 2019: $ 86,161 Full year: $ 477,357
Q3 2019: $ 126,753
Q2 2019: $ 117,021
Q1 2019: $ 147,422
Q4 2018: $ 152,647 Full year: $ 616,152
Q3 2018: $ 169,670
Q2 2018: $ 160,809
Q1 2018: $ 133,026

Conclusion: Not only has SIML failed to start up the CBD extractor business (which was obviously a big scam), also their existing business they do as Satel is absolutely not living up the promises made two years ago (and repeated several times since), instead the numbers are dropping significantly year over year. Considering numbers per Q3 2020, it may be well expected that full year 2020 will be about another 100k below 2019's numbers, meaning in this 24 months period the revenues have been cut in half on yearly base instead of showing any growth.