LAS VEGAS, NV - April 30, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU),
a leading edge green energy company, is pleased to announce that it has
agreed to expand its ownership of Solar Samoa Ltd. by purchasing the
balance of Solar Samoa Ltd., a Samoa-based solar energy company that
possesses a pipeline of solar projects that Eco Energy and its partners
have been developing. The first Solar Samoa Ltd. project is a 4.5MW
project and is expected to generate total first year revenues of
approximately $2.5 million US dollars. The 20 year outlook for the first
Solar Samoa Ltd. system is approximate gross revenues of $70MM and net
cashflow estimated at $18MM over its life.
"The signing of this agreement is another step forward in the
Company's strategy to expand and become a global player in the solar
power industry," said Michael Matvieshen, CEO. "We are very excited to
have the opportunity to acquire the balance of this company in Samoa and
to provide reliable, cost efficient and clean renewable energy to its
citizens of Samoa, as we continue to establish ourselves as a global
solar energy provider. These solar installations will be designed, built
and managed by Sunlogics Power Fund."
Mr. Bingle, the newly appointed President, noted, "The opportunity
for Solar in Samoa enhances the company profile in the global solar
market place. The Samoa opportunity allows Salamon Group, Inc. to draw
on our world class solar experts that we have brought under our umbrella
with the acquisitions of Arise Technologies, ECO Energy Solutions, as
well as our strategic relationship with China Triumph."
About Salamon Group
Salamon Group, Inc., through its Sunlogics Power Fund Management
Inc. division, is a solar energy project company specializing in the
construction, management and acquisition of renewable energy power
projects. Sunlogics Power also looks to acquire assets and other
companies in the solar and renewable energy space that are a strategic
fit. Sunlogics Power is also a project-acquiring partner of Sunlogics
Plc and its Subsidiary as well as other third party project developers.
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.
To be included in up to date notifications of company activities: http://www.orsaygroupe.com/form_sunlogics.html
Contact:
William J. Nalley
Orsay Groupe, Inc.
305-515-8077
info@orsaygroupe.com
www.orsaygroupe.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
No comments:
Post a Comment