SOURCE: Searchlight Solutions Ltd.

Searchlight Solutions Ltd.

July 18, 2011 08:05 ET

Linux Labs Announces Agreement With Certichron, Inc., the Provable Time Company, to Provide Hosting for OATS Time Verification Service

ATLANTA, GA--(Marketwire - Jul 18, 2011) - Linux Labs International, Inc., a subsidiary of Searchlight Solutions Ltd. (PINKSHEETS: SLLN), announces it has signed an agreement with Certichron, Inc. the developer of Provable Time Services to provide hosting for their OATS Time Verification Service.

Linux Labs will host Certichron systems in their high security data center and assist with the future development of Certichron's OATS Time Verification Services ("OTVS").

The OTVS service is made available to the Securities Industry by placing instances of the NIST time service infrastructure around the edges of the trading framework and in doing so providing the evidence capture practice which existing time services fail to provide. More specifically, Certichron's time services allow business to keep their business systems in sync to meet OATS 7430 market transparency requirements thus protecting their clients in the event of a dispute.

The OTVS service is unique in that it provides individual connection to the local independent Timing Authority which is wrapped around the US National Timebase provided by the National Institute of Science and Technology ("NIST").

Certichron (http://www-wp.certichron.com/) is a specialty Network Service Partner who provides secure and regional access to time-as-evidence services. Certichron is the only place on the planet earth providing an evidence-grace connection model and court-admissible logging data for proving events in time. Certichron's methods exceed industry standards and provide a full chain of custody for accessing the National Time Standard of the US Government in its various locations around the continental US.

About Us:
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.

Searchlight Scientific Inc. is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrow's computing challenges. www.searchlightscientific.com

Linux Labs International, Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing. Linux Labs designs and builds high-performance supercomputers utilizing their proprietary NimbusOS™. www.linuxlabs.com

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