June 3, 2009 (FinancialWire) — Simtrol, Inc. (OTCBB: SMRL) (Current Market Cap: US$3.12 Mil.) said it has closed a roughly $562,000 private placement of convertible notes and warrants to purchase common stock.

The private placement, comprised of existing investors, was led by TVP Investments, LLC and Parker H. Petit, chairman of the Petit Group and former CEO and chairman of Matria Healthcare.

Petit said he had been “impressed with Simtrol’s management team and business plan during the last year,” and that “Their market opportunities in growth sectors position them well for rapid growth, and represent an attractive investment opportunity.”

Norcross, Georgia-based Simtrol offers software for enterprise-wide solutions that manage, control, maintain, and diagnose non-traditional connected assets.

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