SOURCE: Solei Systems, Inc.

June 12, 2008 07:00 ET

Solei Systems, Inc. Announces Installation of Additional Cutting Edge, High Speed Equipment

BOCA RATON, FL--(Marketwire - June 12, 2008) - Solei Systems, Inc. (PINKSHEETS: SOLI) (the "Company") announced today the delivery and installation of several cutting edge high capacity, high speed machines to accelerate the production of its patented products. The installation completes "phase 1" of the expansion of the Company's production facilities, and represents approximately $250,000 in fresh capital investment.

The new equipment is state-of-the-art and unsurpassed in the quality of its output. The equipment includes an optics grade injection molding machine, and several highly automated pick-and-place machines, such as one that can place 17,000 components an hour within 3 microns of the loaded print.

Overall the new equipment improves the Company's finished product quality while lowering unit production costs and speeding output.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

Contact Information

  • Contact:

    Solei Systems, Inc.
    Phone: 561-962-4124