SOURCE: Salamon Group, Inc.

August 27, 2012 10:45 ET

Salamon Group, Inc. (SLMU) Releases On-Going Business Details

LAS VEGAS, NV--(Marketwire - Aug 27, 2012) - Salamon Group, Inc. (OTCQB: SLMU) (PINKSHEETS: SLMU) details its on-going projects, negotiations, Letter of Intents (LOI) and/or pending contracts. These disclosures will be highlighted during upcoming institutional and broker road shows. This release will serve as a public disclosure of the Company's expanding business model.

Salamon Group would like to inform its shareholders of the following events that have been or are currently under review and/ or negotiations are on-going:

-Review of USA Solar Projects

-Signed Letter of Intent for Bio-Gas facility

-Signed Letter of Intent for Vancouver Island development site for 100 MW Wind Project

-Ontario Canada 11 MW Solar Project

-Signed purchase agreement to acquire land in Ecuador for a 24 MW solar site, subject to regulatory approvals for the Solar Park.

-Salamon has been working closely with Daystar on its offer and plans to carry this forward to completion.

Michael Matveishen, CEO, stated, "The Company has been involved in negotiations on many fronts over the last 6 months. Shareholders and other interested parties need to understand that any of these projects may or may not happen or could be modified at any time when deemed necessary."

ABOUT SUNLOGICS 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. www.sunlogicspowerfund.com

For further information, contact William J Nalley, Orsay Groupe, Inc., 305-515-8077, william@orsayGroupe.com and/or visit: www.orsaygroupe.com

$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.

Contact Information

  • Contact:
    William Nalley
    Orsay Groupe, Inc.
    305-515-8077