To the "thread,"
Today I have received a copy of the following press release from what appears to be Simula's public relations firm (TCLTD, almost certainly the acronym for Trinske Communications, Ltd). It appears to have been pointedly sent to me, as Mr. Trinske took great umbrage a while ago regarding my comments about his answer to an investor inquiry. If anyone else has received a similar message privately (after all, it took effort on Mr. Trinske's part to send it to me directly rather than merely post it generally on the "thread"), I would appreciate hearing from you. Thanks.
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SIMULA ANNOUNCES NEW POLICIES ON SHAREHOLDER COMMUNICATIONS AND INVESTOR RELATIONS
PHOENIX, Ariz. - September 2, 1998 - Simula, Inc. (NYSE: SMU) announced today that in an effort to better serve its shareholder base and interested members of the investing community, the company has enacted new policies for its shareholder communications and investor relations. The new policies will streamline the process of ongoing communications, as well as broaden the communication of the company's quarterly announcements.
First, on a quarterly basis, in conjunction with the company's financial results release, Simula management will present a review of the company's financial performance and the material events of the quarter.
Interested parties will be able to access this recorded presentation by calling an 800 number. This presentation will be available for free, and will be available during many hours over a period of several days. Any questions on the content of the pre-recorded presentation will be handled by Simula's investor relations firm.
Second, in order to assure ongoing orderly and widespread dissemination of information from Simula, communications and questions will be handled solely by Simula's outside investor relations firm. Simula's management will continue routine direct communications with its analysts.
As the Internet has flourished, Simula has become the subject of many "forums", "chat rooms", bulletin boards" and "threads". The company has been informed that these sites contain many statements which may be erroneous or speculative, and which many times are incorrectly attributed to Simula management. This posted information may even imply that the person posting the message has certain information not available to the general public. Simula does not make selective disclosures and cannot allow any inference that it makes disclosures to investors which are outside of generally disseminated public information.
"Simula believes that these new policies will serve to improve the quality, uniformity and timeliness of our communications to the investment community as a whole. Simula believes it must be vigilant in its efforts to make sure that accurate information about the company is made widely available, and we believe these policies should enhance that effort, and help to decrease the dissemination of false or misleading information about the company over the Internet," said Don Townsend, President of Simula, Inc.
Simula, based in Phoenix, Arizona USA is an acknowledged world leader in transportation safety and energy absorption technology. Its principal product lines are protective systems including inflatable restraint, airbags, and ballistic armor, high technology energy absorbing aircraft seating systems, and rail and mass transit seating systems. All material public information about the company which has been filed with the Securities and Exchange Commission, as well as additional information about the company can be accessed at the company's web site on the Internet at simula.com.
For additional information, please contact:
Mark Trinske, Investor Relations
Trinske Communications Ltd.
(303) 665-7760
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