SOURCE: Solvis

September 29, 2005 13:24 ET

The Solvis Group Strategic Alliance Agreement With SSL Expected to Provide $25 Million in Additional Revenues in 90 Days

ANAHEIM, CA -- (MARKET WIRE) -- September 29, 2005 -- The Solvis Group Inc. (OTC: SLVG) announced that it has entered into a strategic alliance agreement with Strategic Staff Leasing, Inc. (SSL) headquartered in Arlington, Texas.

The agreement calls for SSL to refer a minimum of $25 million in business to The Solvis Group within the next 90 days. The alliance has already generated more than $7.5 million in new business, on an annualized basis.

Working through its own sales force and its broker network, Strategic Staff Leasing, and its affiliated companies, provides contract staffing and insurance services to client companies throughout the United States. Chris Polk, Managing Partner of SSL, said that "We are very pleased to have the opportunity to complement our service offerings with the administrative services, risk management and workers compensation insurance available through the Solvis Group."

Brian Bonar, CEO of the Solvis Group (http://www.thesolvisgroup.com), said, "As previously announced, we anticipated fifty million dollars in revenues for the next fiscal year in conjunction with our Strategic Alliance program. We are pleased to confirm that we will not only meet this run rate, but now anticipate that our sales results will be significantly higher."

Mr. Bonar also stressed that "Solvis will continue to work on our Strategic Alliance program in order to leverage our sales and marketing relationships with brokers and agents throughout the United States with the objective of providing additional revenues in the next fiscal year. We are also moving forward with the work associated to complete the auditing our financial results for the past few years, thereby allowing us to return to trading on the NASD Electronic Bulletin Board. Once completed, shareholders can expect regular reports on our financial results and other developments as The Solvis Group continues to grow," Mr. Bonar added.


About The Solvis Group:

The Solvis Group, a subsidiary of Dalrada Financial Corporation (OTC BB: DRDF), includes a number of operating units, including M&M Nursing Services, CallCenterHR™, and Jackson Staffing. The Company provides a variety of innovative financial services to businesses, including comprehensive human resource administration including payroll and workers compensation insurance; and employee benefits such as health insurance, supplemental insurance, HSA savings plans, 125 cafeteria plans, and 401(k) plans. The Company also offers debit card payroll accounts and payroll advances. These services enable small employers to offer benefits and services to their employees that are generally available only to large companies.

The Company also includes an imaging products and services unit, Imaging Tech, Inc., which provides a variety of innovating products and services associated with graphics, photography, and color management. Its technologies include ColorBlind® software and PhotoMotion Images™. For more information visit The Solvis Group websites at: www.thesolvisgroup.com, www.mandmnursing.com, www.colorvisuals.com, and. www.color.com.

Safe Harbor:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

Contact Information

  • CONTACT:
    Brian Bonar
    CEO
    The Solvis Group

    9449 Balboa Avenue
    San Diego, CA 92123
    (858) 277-5300
    Email Contact

    Paul Knopick
    E & E Communications
    949/707-5365
    Email Contact