Exhibit
      99.1





**Simclar
      Announces 2007 Results**





HIALEAH,
      Florida--(BUSINESS WIRE)—Simclar, Inc. (NasdaqCM:SIMC) today announced financial
      results for the fourth quarter of 2007 and for the full year that ended December
      31, 2007. Results for the fourth quarter and for the full year of 2007 include
      the consolidated operations of Simclar, Inc. and its subsidiaries. For the
      fourth quarter of 2007, Simclar had a net loss of $64,088 or ($0.01) per share,
      compared to net income of $949,000 or $0.15 per share for the fourth quarter
      of
      2006. For the calendar year 2007, Simclar had net income of $2.4 million or
      $0.37 per share, compared to net income of $2.9 million or $0.44 per share
      for
      2006.





For
      the
      year 2007, Simclar reported total revenues of $136.4 million compared to $116.0
      million in 2006, an 18% increase. For the fourth quarter of 2007, revenues
      increased to $34.7 million compared to $33.2 million for the fourth quarter
      of
      2006.





Net
      cash
      provided from operating activities was $7.2 million in 2007, compared to $2.8
      million in 2006.





Sam
      Russell commented, “The overall performance of the Company in 2007 came in well
      below our expectations, and is highly disappointing. Sales increased 18%, but
      earnings decreased, mostly as a result of our underperforming operation in
      North
      Carolina which incurred losses of $2.1 million in 2007 and was discontinued
      fully during the first quarter of 2008. The closure of this facility will
      adversely affect earnings in the first quarter of 2008, but the longer term
      benefits of the transfer of this business to our facility in Mexico are expected
      to be improved profits and cash flow. Although the world economic outlook is
      currently unclear, we have worked on contingency plans to sustain profitability
      on diminished sales, should a further downturn in the economy occur. On the
      positive side, our cash management remained strong and allowed the Company
      to
      repay $6.2 million of its bank loans in the year, including $3.0 million of
      voluntary repayments. We are looking forward to the production release in the
      third quarter of 2008 of Simclar Group’s new *TurboFabric* product,
      which is a Scalable Advanced TCA Platform, and the impact this will have across
      all of our businesses.”





Simclar,
      Inc., with four North American manufacturing locations, and numerous  regional
      sales locations, has been engaged in contract manufacturing of electronic and
      electro-mechanical products for OEMs for 32 years.




Statements
      in this news release, which relate to other than strictly historical facts,
      such
      as statements about the Company’s plans and strategies, expectations for future
      financial performance, and markets for the Company’s products and services are
      forward-looking statements. The words “believe,” “expect,” “anticipate,”
“estimate,” “project,” and similar expressions identify forward-looking
      statements that speak only as of the date hereof. Investors are cautioned that
      such statements involve risks and uncertainties that could cause actual results
      to differ materially from historical or anticipated results due to many factors
      including, but not limited to, the Company’s customer concentration, debt
      covenants, competition, the effectiveness of our internal controls, and other
      risks detailed in the Company’s most recent Annual Report on Form 10-K and other
      Securities and Exchange Commission filings. The Company undertakes no obligation
      to publicly update or revise any forward-looking statements.




Visit
      Simclar, Inc at its website, www.simclar.com for more
      information about the Company.





Contact:
      Steph Donnelly , CFO (937) 220-9777