SIMCO America Inc. Completes Acquisition

LAS VEGAS--Nov. 9, 2005--SIMCO America Inc. (Pink Sheets: SMCA) (previously FCR Automotive Group Inc.) announced that on Oct. 18, 2005, it completed its transaction with Shinil Precision Co. Ltd., a South Korean automobile and machine parts manufacturer. The name of FCR Automotive Group was changed to SIMCO America Inc. and the company's trading symbol was changed to SMCA.

With its wholly owned subsidiary, SIMCO America Inc. has 10 years experience in development and global distribution of vehicle and machine parts. Through the acquisition, SIMCO America Inc. is seeking to foster new territory and expand sales of its auto and machine parts to the United States. With the acquisition, SIMCO America Inc. now has full rights to proprietary intellectual property and an established international client base.

The company has more than 200 employees with major manufacturing facilities and revenues for 2004 of more than $50 million. The 2005 projections are more than $130 million for 2005 with the acquisition of an affiliate. Complete financials in U.S. GAAP will be available in mid November.

The company has every intention to become fully reporting and seek a listing on a major exchange.

Pursuant to the acquisition, Han Young Kim became the president and chief executive officer of the company, Sang Bo Lee became the chief financial officer and secretary, and June Sam Hung became the chairman and director.

SIMCO America Inc. also announced that as part of the transaction, all of the shares of CANA common stock issued and outstanding at Oct. 1, 20058, 2005, were subject to a reverse stock split resulting in the one share issued and outstanding for every 85 shares prior to the stock split. The post-merger capitalization of SIMCO America is 29,400,000.

For more information on SMCA, go to www.pinksheets.com, or for a current corporate report from Princeton Research, visit www.princetonresearch.com.

Forward-Looking Statements

Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.