SOURCE: Solutions Group, Inc.

November 17, 2009 08:00 ET

Solutions Group, Inc. Announces It Is Well Ahead of Sales Goals for idrive X1 units

SANTA BARBARA, CA--(Marketwire - November 17, 2009) - Solutions Group, Inc. (PINKSHEETS: SOLU) announced that it's subsidiary, idrive Monitoring Systems, had sold over 500 idrive X1 units since the release of the product in October.

Stefan Dragomir, president of idrive, said that he was excited to have achieved the milestone so quickly. "As we are just starting to get authorization for installations in cities like Seattle, Chicago, New York and other municipalities, and beginning the process of educating the market, it is encouraging to be so far ahead of where we thought we'd be at this time. The fact that the X1 offers superior capabilities, yet is the lowest cost option in the industry at $495, contributes to the early success of the product."

The product, which targets the Taxi Cab and Fleet Service industry, is being sold through OEM and independent sales channels, and online at www.idrive.pro. The idrive X1 release has been well received by the Insurance industry as event data recording devices have been proven to reduce accidents. The product is also in high demand for fleet service owners and operators who are looking to reduce costs from driving incidents.

About Solutions Group:

Solutions Group, Inc. is an international provider of Managed Engineering Services. The Company seamlessly integrates its regional design centers in North America with its lower cost off-shore engineering locations in Romania and Mexico to provide exceptional blended pricing solutions and reduced product design cycle times. Solutions Group, Inc. creates greater value for its shareholders by leveraging its core engineering competencies into other opportunities including royalty partnerships, intellectual property creation and selective acquisitions. SGI's customers currently include major Fortune 500 companies, small and mid-range OEMs and early stage product companies.

For more information please visit our website at: www.solutionsgroupcorp.com

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This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those statements regarding the effects of the proposed transaction and those preceded by, followed by or that otherwise include the words, "believes," "expects," "anticipates," "intends," "estimates," or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available to The Company as of today's date, and The Company does not assume any obligations to update any of these statements. The forward-looking statements are not guarantees of the future performance of The Company and actual results may vary materially from the results and expectations discussed.

Contact Information

  • Contact:

    Solutions Group, Inc.
    Kim Carroll
    Investor Relations
    +1 949 630 9831

    World Market Media, Inc.
    Executive Editor
    +1 877 801 8408
    editor@worldmarketmedia.com