LAS VEGAS, NV - April 19, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) and General Motors Company (NYSE:GM)
- Salamon Group, Inc. stated Thursday that it has initiated the first
phase of its roof top solar installation in Williamson County Tennessee.
These projects have total combined revenues of $3.3M over the life of
the contract, and yields a levered IRR of approximately 25% for the
company. The first phase consists of three installations, the first of
three installations have now received final TVA-NES approval these
project are expected to be completed by May 28 2012. Each Solar system
in the first phase has an output of 200KW, totaling 600KW. The Company
plans to continue building out the remaining 20 rooftops later this
spring.
CEO Michael Matvieshen stated, "We have now started pulling
construction permits for Brentwood MS, Brentwood HS, Edmondson ES in
Williamson County Tennessee. I am pleased that these project's have now
been initiated and have received their approvals to get underway.
Building solar power systems on these types of public sector rooftops is
one of the Company's Key strategic solar verticals."
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.
http://www.sunlogicspowerfund.com/
Sunlogics PLC majority partner and shareholder is General Motors
Company (NYSE:GM). Sunlogics Power Fund Controls 30% of Sunlogics PLC. http://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 J. Nalley
305-515-8077
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
No comments:
Post a Comment