SOURCE: Salamon Group, Inc.

October 12, 2012 08:45 ET

Salamon Group, Inc. (SLMU) Announces Increases of Its Common Stock Shareholdings by the Company CEO and Other Certain Investors

LAS VEGAS, NV--(Marketwire - Oct 12, 2012) - Salamon Group Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announces its CEO and other certain investors increased shareholdings of the Company's common stock by acquiring 3,904,000 shares. These purchases are for investment holdings; for greater clarity, purchases were not from treasury stock. These newly acquired share ownership positions represents 9.76% of SLMU's already issued commons shares outstanding.

About Salamon Group

Salamon Group Inc., and its Sunlogics Power Fund Management Inc. division, is a solar and renewable energy company specializing in the acquisition, construction and management of renewable energy power projects and companies. It is a project-acquiring partner of Sunlogics Plc and its subsidiary as well as other third party project developers. The Company also takes positions in other solar and renewable energy project producing companies that are a strategic fit within the Company's overall strategy.

For further information about this release, Contact William J Nalley, Orsay Groupe, Inc., 305-515-8077 and/or visit:

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.

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