Simulations Plus Announces Share Repurchase Program

Simulations Plus, Inc. (Nasdaq:SLP), the leading provider of simulation and modeling software for pharmaceutical discovery and development, announced today that its board of directors has authorized a share repurchase program effective Monday, October 27, 2008.

Ms. Momoko Beran, chief financial officer of Simulations Plus, said: The board of directors has authorized a share repurchase program enabling the buyback of up to $2.5 million in shares during a 12-month period beginning Monday, October 27, 2008. Repurchases may be made in the open market, through a broker, or through privately negotiated transactions, subject to market conditions, applicable legal requirements and other factors. See entire press release.

As of this posting SLP is currently trading at $1.13.