SOURCE: Solutions Group, Inc.

Solutions Group, Inc.

March 02, 2010 09:00 ET

Solutions Group, Inc. Announces Introduction of Managed Services for idrive Customers

SANTA BARBARA, CA--(Marketwire - March 2, 2010) - Solutions Group, Inc. (PINKSHEETS: SOLU) announced today that its subsidiary idrive Monitoring Systems, srl, will begin offering Managed Services for its VEDR camera.

Beginning April 1, customers of idrive monitoring systems can opt for the new idrive service to process, review and determine the severity of an event that comes from the customers' in-vehicle recordings. Utilizing two offshore locations, and beginning with 25 direct employees, idrive is well positioned to offer this initial service. Pricing has not been set but is expected to be in the $20-$30 per camera per month range. "With nearly a third of our customers asking for this service, it was only natural that we add it to our product offering. In addition, this fits very well with our business model as it creates a recurring revenue stream, at the same time as it simplifies our clients' use of idrive," stated Stefan Dragomir, President of idrive Monitoring Systems, srl. Based on visibility, idrive expects this service to add up to 3 million dollars in Revenue to 2010.

More information can be found about the idrive product online at www.idrive.pro.

About Solutions Group, Inc.:
Solutions Group, Inc. is an international provider of Managed Engineering Services. The Company seamlessly integrates its regional design centers in North America with its lower cost off-shore engineering locations in Romania and Mexico to provide exceptional blended pricing solutions and reduced product design cycle times. Solutions Group creates greater value for its shareholders by leveraging its core engineering competencies into other opportunities including royalty partnerships, intellectual property creation and selective acquisitions. SGI's customers currently include major Fortune 500 companies, small and mid-range OEMs and early stage product companies.

For more information please visit our website at: www.solutionsgroupcorp.com

View this release in video format: http://www.vodnewswire.com/vodnewswire/news/solutionsgroup-20100302/

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This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those statements regarding the effects of the proposed transaction and those preceded by, followed by or that otherwise include the words, "believes," "expects," "anticipates," "intends," "estimates," or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available to The Company as of today's date, and The Company does not assume any obligations to update any of these statements. The forward-looking statements are not guarantees of the future performance of The Company and actual results may vary materially from the results and expectations discussed.

Contact Information

  • Contact:
    Solutions Group, Inc.
    Kim Carroll
    Investor Relations
    +1 949 630 9831

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