SOURCE: Searchlight Solutions Ltd.

April 28, 2011 08:05 ET

Searchlight Solutions Signs Definitive Agreement to Acquire Linux Labs International and Enter HPC Cloud Marketplace

Gartner Says Cloud Computing Will Be as Influential as e-Business

ATLANTA, GA--(Marketwire - Apr 28, 2011) - Searchlight Solutions Ltd. (PINKSHEETS: SLLN) announced today that it has signed a definitive agreement for the acquisition of the majority control of the common stock of Linux Labs International Inc.

Linux Labs International Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing including software as a service or Cloud computing in the HPC field. (

This acquisition allows the Company to build a service offering in the HPC Cloud computing marketplace. Gartner Executive Programs worldwide survey of over 2,000 CIOs identifies Cloud Computing as the top technology priority for 2011.

Read more at Suite101: Cloud Computing: Future Trends |


Closing is scheduled to be completed within the next 10 days.

Company management stated: "We are very pleased to complete an agreement to bring Linux into the Searchlight family, we look forward to closing."

About Us:

Searchlight Solutions Ltd. 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™. 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 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.

Contact Information