LAS VEGAS, NV - March 23, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announces that Sunlogics Power, its wholly owned subsidiary, will partner with Daystar Technologies, Inc. (NASDAQ:DSTI) for the previously announced acquisition of Eco Energy Solutions (Australia) Pty Ltd. ("Eco Energy"). Sunlogics Power has successfully finished the due diligence process and is proceeding to final documents.
"We are pleased to be partnering with DayStar Technologies on the Acquisition of Eco Energy," said Michael Matvieshen, CEO. He further states, "And, we look forward to strengthening the relationship between our companies. We are also pleased with the outcome of the due diligence of Eco Energy which, for its fiscal year ended June 30, 2011, had gross revenues of approximately US$13 million dollars and net income of approximately US$1million with no debt on the books We expect these numbers to be much higher this year based on currently signed agreements for projects, services and products."
About Eco Energy Solutions
Eco Energy Solutions (Australia) Pty Ltd is a dynamic Australian based renewable energy company specializing in the design, supply, installation, commissioning and maintenance of Solar PV with integrated power storage for uninterrupted power supply for commercial and remote locations. http://www.ecoenergysolutions.com.au/
About DayStar Technologies, Inc. (DST)
DayStar Technologies, Inc. is a leader in CIGS thin film deposition technology for the development of solar photovoltaic products based on its technology. For more information, visit the DayStar website at http://www.daystartech.com.
About Salamon Group
Salamon Group, Inc. and its Sunlogics Power Fund Management, Inc. division, is a solar and renewable energy company specializing in the acquisition, construction and management of renewable energy power projects and companies. It is a project-acquiring partner of Sunlogics Plc and its subsidiary as well as other third party project developers. The Company also takes positions in other solar and renewable energy project producing companies that are a strategic fit within the Company's overall strategy.
For further information, Orsay Groupe, Inc. 305-515-8077 and/or visit: http://www.sunlogicspowerfund.com/ www.sunlogics.com
SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
Contact:
Orsay Groupe, Inc.
William Nalley
305-515-8077 USA
williamjnalley@yahoo.com
Published on Investorideas.com newswire
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp. Disclosure: SLMU is a paid customer on Investorideas,com , publishing press releases and company content on Investorideas.com and our syndicated blogs and global partners effective March 14 ,2012 (three months: one thousand per month and nine thousand equivalent in 144 shares)
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Get insight into cleantech and renewable energy stocks with news and the cleantech and climate change podcast. This blog is part of www.investorideas.com cleantech investor content .
No comments:
Post a Comment