SOURCE: Searchlight Solutions Ltd.

Searchlight Solutions Ltd.

August 29, 2011 08:00 ET

Searchlight Scientific to Launch Cloud Based Video Rendering Service, as Part of Its High Performance Cloud Computing Business (HPC2)

This Video Rendering Service Allows Clients to Qualify for up to 30% State of Georgia Tax Credits

ATLANTA, GA--(Marketwire - Aug 29, 2011) - Searchlight Solutions Ltd. (PINKSHEETS: SLLN) today announces its subsidiary, Searchlight Scientific, Inc., is executing plans to launch video rendering services in the cloud on its High Performance Cloud Computing ("HPC2") platform. Clients are expected to be from the film and video gaming industries. A key incentive for customers is that Searchlight's HPC2 clusters are located in a high security data center located at 56 Marietta St., Georgia's "Telecom Hotel", which qualifies the client for up to 30% in tax credits under the Georgia Entertainment Industry Investment Act (

Company Management stated: "We are excited to be in the execution stage of this aspect of our HPC2 business plan. Video rendering is well within our capabilities and our location provides extra incentive for potential film studio customers to render with us. Combined with the unique capabilities of our recently announced NimbusOS upgrade we feel we are well positioned to take advantage of what our HPC2 Cloud can do for production companies in need of outsourced video rendering."

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.

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™.

Forward-Looking Statements: The statements in this press release or on the Company's website and any other statements relative to the Company, which are not historical facts, are forward-looking statements -- that is, statements related to future, not past, events. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. Such statements are based on the current expectations and certain assumptions of the Company's management, and are, therefore, subject to certain risks and uncertainties, including but not limited to, costs and difficulties related to the state of the Company's current operations, applicability of the Company's technology, costs, delays, and any other difficulties related to the Company's business plan, the company's sources of liquidity, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, marketability of the Company's products and services, and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. A variety of factors, many of which are beyond the Company's control, affect the Company's operations, performance, business strategy and results and could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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