SOURCE: Salamon Group, Inc.

March 12, 2012 09:00 ET

Salamon Group, Inc. (SLMU) Cancels Plans on Reverse Splitting Share Structure

LAS VEGAS, NV--(Marketwire - Mar 12, 2012) - Salamon Group, Inc. (OTCBB: SLMU) ("Salamon" or the "Company") announced today that due to the fundamental developments within the Company over the past 30 days, management has decided to amend its Preliminary 14C which was filed on February 21, 2012 as follows: the 10 for 1 reverse split will be removed and therefore will not occur and the change to the authorized common shares will be amended from 500 million to 150 million.

About Salamon Group

Salamon Group, Inc., through its Sunlogics Power Fund Management, Inc. division, is a solar energy project company specializing in renewable energy power projects. It is a project-acquiring partner of Sunlogics Plc and its subsidiary as well as other third party project developers.

You are invited to our web site for additional information on the company and to keep up with the latest developments.

For further information, contact William Nalley, Orsay Groupe, Inc. - 305-515-8077.

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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