SOURCE: Searchlight Solutions Ltd.

Searchlight Solutions Ltd.

May 03, 2011 08:11 ET

Searchlight Solutions Announces Board of Directors Appointments

Searchlight Solutions Announces the Appointment of Mr. Sterling Pearson and Mr. Steven James to Its Board of Directors

ATLANTA, GA--(Marketwire - May 3, 2011) - Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology venture holding company announced today that Mr. Steven James and Mr. Sterling Pearson have accepted the nominations to the Board of Directors. Mr. James is an information scientist, having capability to assimilate and to render productive a steady absorption of the physical sciences from his early years. Mr. James has been involved in architecting, engineering, and supporting Supercomputing platforms since 1986, and has authored a number of HPC applications including FLAME, the Fast Linking Associative Memory Engine, which is the result of his theoretical extensions to Boolean algebra. Steven has been the leading contributor on bproc, LinuxBIOS, fnn, and many of the Linux industry initiatives since 1995. His technical expertise will assist Searchlight Solutions with making new technology assessments. Mr. James has served as CTO for Linux Labs International for the past seven years and is one of its founders.

Mr. Pearson has more than fifteen years of experience in information security and networking infrastructure management, marketing, design and implementation. Additionally, he has been a key member of the management team of several startups including: SecureWorks, Sage Networks, Interliant, Digital Stakeout and CET Networks.

As Chief Technology Officer and co-founder for SecureWorks, Inc., the industry's first managed services provider with Intrusion Prevention technology, Mr. Pearson conceived and designed a patent-pending Internet security monitoring and response service that is responsible for over $24 Million in annual sales today. He was also jointly responsible for raising $35 Million in funding from venture capitalists. Prior to founding ScannerX, Mr. Pearson was a key member of the management team for Internet Security Systems' Product Management department where he was responsible for the strategic direction, marketing and product management of the company's $65 Million annual revenue Managed Security Services and Professional Security Services business units. Mr. Pearson has served as Vice President of Product Development for Linux Labs International for the past two years.

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 is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrows 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

FORWARD-LOOKING STATEMENT DISCLAIMER

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.

For more information email info@searchlightscientific.com or go to the website www.searchlightscientific.com. Phone (866 )230 4056

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