LAS VEGAS, NV — (Marketwire) — 06/11/12 — a wholly owned subsidiary of Salamon Group (OTCQB: SLMU), and , agreed today to form a joint venture to acquire from of California, seven currently operational and revenue producing solar projects in Hawaii. Gross revenues to Joint Venture are anticipated to be $1,596,734 over the next 10 years Additionally, Avatar has granted Sunlogics the right to enter into a joint venture with Avatar to develop systems in Hawaii, California, India and China. The rights have an upward potential of $20,000,000 (twenty million dollars).
“Hawaii is one of the largest green renewable energy producers in the United States. We are very proud of the opportunity to assist the State of Hawaii in its green renewable energy goal of reducing their dependence on fossil fuel generated electricity,” stated Michael Matveishen, CEO of Salamon Group. He went on to comment that, “This project is just one of the many steps we are taking to achieve growth and value for our shareholders.”
DayStar Technologies, Inc. is a leader in CIGS thin film deposition technology for the development of solar photovoltaic products based on its technology. Information, visit the DayStar website, .
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
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Contact:
William J Nalley
Orsay Groupe
305-515-8077