SOURCE: Searchlight Solutions Ltd.

April 24, 2011 13:22 ET

Searchlight Solutions Announces Future Business Direction & Acquisition Goals

ATLANTA, GA--(Marketwire - Apr 24, 2011) - Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology venture holding company focused on providing business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace. The pursuit of this business model required Searchlight to locate appropriate acquisition targets with viable revenue models that are in need of these services.

The first of these acquisitions was Midtech Holdings which was later renamed Searchlight Scientific Inc. and designated as the operating entity for ongoing business. Secondly, Searchlight Solutions and subsidiary Searchlight Scientific signed a letter of intent to acquire a controlling interest in Linux Labs International Inc. The letter of intent was executed by the parties in the fourth quarter of 2010 with definitive agreements currently in final negotiation.

Searchlight Solutions will benefit through consolidation of financials while building their "in-house" technology support team from within.

Searchlight Solutions will continue to pursue suitable candidates for acquisition who are in need of their services that will increase the overall value of the company. It is anticipated that this will include several acquisition offers over the next twelve to eighteen months.

Searchlight Solutions will also begin establishing a high-tech consultancy to further assist with the evaluation of the validity of up and coming technologies.

About Us:
Searchlight Solutions Ltd.(PINKSHEETS: SLLN) is a publicly traded 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.

Search Light Scientific Inc. is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrows computing challenges. Searchlight Scientific is a wholly owned subsidiary of Searchlight Solutions.

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™. Linux Labs is responsible for developing some of the most innovative Linux based technologies today and they remain on the forefront of secure operating systems, database development and search engine functions.

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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