LAS VEGAS, NV — (Marketwire) — 03/23/12 — (OTCQB: SLMU) (PINKSHEETS: SLMU) (“Salamon” or the “Company”) announces that Sunlogics Power, its wholly owned subsidiary, will partner with Daystar Technologies, Inc. for the previously announced acquisition of has successfully finished the due diligence process and is proceeding to final documents.
“We are pleased to be partnering with 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.”
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.
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 .
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.
For further information contact, Orsay Groupe, #305-515-8077 and/or send your email request to: . Nos Falamos Portugues
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:
William J Nalley
Orsay Groupe
305-515-8077