Waterville Investment Research Profiles SIMCO America

LOS ANGELES--Jan. 1, 20069, 2006--SIMCO America Inc. (OTCBB: SCMA) announced today that Waterville Investment Research of New York has published a profile on the company with an extensive research report for the investment community.

SIMCO is a manufacturer of auto parts. SIMCO recently completed its acquisition of Shinil Precision Co. Ltd., a South Korean automobile and machine parts manufacturer, which was established in 1996. SIMCO, after the acquisition of Shinil, has 10 years of experience in development and global distribution of vehicle and machine parts. SIMCO is seeking to foster new territory and expand sales of its auto and machine parts to the United States and other foreign countries. SIMCO has more than 200 employees with major manufacturing facilities in South Korea.

"We have commenced an intensive program to publicize our company and our exciting products, both domestically and internationally, and establish our position as the leader in our field," H.Y. Kim, president and CEO, said. "Waterville Investment Research will play an integral role in this program."

Waterville Investment Research provides fundamental Wall Street investment research for Small Cap companies. Forbes magazine acknowledged the Waterville philosophy in an article published in November 2003 on independent research. Waterville is looking for clients that have an expectation and appreciation for long-term consistency of reporting, results and news. Waterville was started in October of 2002 when the Dow was at 7,500, Nasdaq was at 1,200 and the Russell 2000 was at 340, thus, the bottom of the market.

"The belief was that after three down years, it was a good time to jump back into the Small Cap market. Wall Street is typically very severe in its reaction to small companies in down markets, so the focus at Waterville is exclusively on Small Cap stocks which Wall Street has ignored, abused and/or forgotten," said Mike Sweeney of Waterville Investment Research.

When partners Bill Hayde and Mike Sweeney started the firm, they took a long-term view of the market and set up a five-year plan for Waterville and its client companies. In an era where there is great mistrust toward Corporate America, Wall Street and Small Cap stocks, Waterville is taking the long-term view of the market. Good companies with good management and good products and services will ultimately outperform the market.

"SIMCO certainly meets our criteria with their management team and their cutting-edge technology," Sweeney stated. "We look forward to a long and very successful relationship with them."

SIMCO America Inc. has 10 years experience in development and global distribution of vehicle and machine parts. They were originally the FCR Automotive Group, and now as SIMCO America Inc., they are seeking to foster new territory and expand sales of auto and machine parts to the United States. 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 financially or materially differ from any future results, performance or achievements expressed or implied in such forward-looking statements.