Simula Discusses Outlook and Strategy on Wall Street Reporter

    TEMPE, Ariz.--April 16, 2003--Simula Inc. (AMEX: SMU) President and CEO Brad Forst conducted an interview with Levent Turner of Wall Street Reporter on April 14, 2003. The interview is available at http://www.wallstreetreporter.com/newsmag/Nov07 through Friday, April 18, 2003.
    Among the topics Forst addresses is Simula's record operating results in 2002, the Company's role as a leading supplier of military safety systems currently deployed in Iraq, growth prospects, and strategic alternatives to address the Company's balance sheet.
    Simula designs and makes systems and devices that save human lives. Its core markets are military aviation safety, military personnel safety, and land vehicle safety. Simula's core technologies include inflatable restraints, energy-absorbing seating systems, advanced polymer materials, lightweight transparent and opaque armor products, personnel protective equipment and emergency bailout parachutes. For more information, go to www.simula.com.

    Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This news release describes Wall Street Reporter, an investor service. The webcast contains forward-looking statements that involve risks and uncertainties that may cause the Company's actual experience to differ materially from that which is anticipated. These forward-looking statements include statements about expected orders, revenues and profits. Factors pertinent to the Company's ability to meet expectations include Congressional appropriations, military orders and, the success of debt reduction initiatives. Factors pertinent to product sales include customer needs, schedules, and military procurement budgets. Actual results may differ materially from those projected. Additional risks include those described herein and in the Company's registration statements and periodic reports filed with the U.S. Securities and Exchange Commission.