SOURCE: Searchlight Solutions Ltd.

Searchlight Solutions Ltd.

July 25, 2011 10:00 ET

Searchlight Solutions Provides Corporate Update; Progress Being Made on Several Fronts

ATLANTA, GA--(Marketwire - Jul 25, 2011) - Searchlight Solutions (PINKSHEETS: SLLN) is pleased today to announce as a corporate update that the Company is making progress on a number of business and corporate fronts.

Firstly, the Company's accountants are progressing well in their preparation of the Consolidated Financial Statements to show the revenues of its Linux Labs acquisition on a combined basis. Although no specific date is set for completion of the Financial Statements, management plans to promptly post them after completion.

Secondly, Linux Labs is continuing to develop and grow its core Cluster Computer and software business. Management is optimistic their renewed marketing efforts will increase sales for this fiscal year.

Management is feeling positive about several activities surrounding its businesses and believes the near term and long term outlook is encouraging. The Company looks forward to providing more announcements to its shareholders as developments and milestones are achieved.

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 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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