SOURCE: Solutions Group Inc.

Solutions Group Inc.

October 06, 2009 08:00 ET

Solutions Group, Inc. Announces Production Release of the idrive X1 Monitoring System

SANTA BARBARA, CA--(Marketwire - October 6, 2009) - Santa Barbara based Solutions Group, Inc. (PINKSHEETS: SOLU) is pleased to announce its subsidiary, idrive Monitoring Systems, SRL, has completed its Beta program and is immediately moving towards production release of the X1 unit.

"The response to the idrive Monitoring System's X1 has been outstanding. We are price competitive and we are taking orders as a result of attending trade shows such as the RIMS (Risk Insurance Management Show) and currently attending the Taxicab, Limousine & ParaTransit tradeshow in Las Vegas, NV (Oct.4-7, 2009). The results of these efforts will be announced in the near future," stated Stefan Dragomir, idrive President.

"First and foremost SOLU's Corporate mission is to identify money making opportunities such as idrive for our shareholders. We are committed to bringing life saving devices and products such as the idrive X1 monitoring system to the transportation market. SOLU's core engineering business allows our clients to save product development time and costs by utilizing our global engineer resources," stated Sean O'Neil, Solutions Group CEO.

The potential market for the idrive Monitoring System is huge. According to the US census as of 2006 there were 2,169,670 million small fleet vehicles in operation. In the European Union there are an additional estimated 4,056,000 million vehicles in operation. The target markets of the idrive system include Consumer Grade Fleets, Taxis & Limousines, Airport Shuttles, Rent-a-car Companies and Commercial Grade Vehicles. Total Market Capitalization of market could approach $52 Billion in the US alone in our estimation.

More information on idrive can be found at www.idrive.pro and www.solutionsgroupcorp.com.

About Solutions Group Corp: Solutions Group (SGI) is an international provider of Managed Engineering Services and Product Development. 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. SGI's idrive subsidiary produces and sells mobile dual lens surveillance cameras. 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.

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.

For more information, visit www.solutionsgroupcorp.com

Contact Information

  • Contact:
    Kim Carroll
    Tel. + 949-630-9831