Salamon to Acquire 7.5M Shares of Sunlogics PLC


LAS VEGAS, Dec. 28, 2011 (GLOBE NEWSWIRE) -- Salamon Group, Inc. (OTCBB:SLMU) ("Salamon" or the "Company") is pleased to announce that it has agreed to acquire 7.5M shares of Sunlogics PLC from an existing shareholder.

About Sunlogics Plc.

Sunlogics is a vertically integrated global company, specializing in the design, development and operation of solar energy solutions including rooftop, ground mount and canopy installations principally for General Motors. In each vertical that Sunlogics operates, they offer unique and tailored solutions that help companies execute sustainable energy initiatives while minimizing their required capital investment. Sunlogics received a $7.5M equity investment from General Motors Ventures this past year.

About Salamon Group

Salamon Group Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in renewable energy power projects. It is a project-acquiring partner of Sunlogics Plc and it Subsidiary as well as other third party project developers.

This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Salamon Group Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Salamon Group Inc.'s most recent Annual Report as filed on EDGAR at www.sec.gov. The risk factors identified in Salamon Group Inc. Annual Report are not intended to represent a complete list of factors that could affect Salamon Group Inc. Accordingly, readers should not place undue reliance on forward-looking statements. Salamon Group Inc. does not assume any obligation to update the forward-looking information contained in this press release.


            

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