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Sunlogics uses certain strategic alliances and relationships that assist Sunlogics in executing on its business model. Some of these strategic alliances include:
General MotorsSunlogics Inc. and General Motors have collaborated and developed a solar photovoltaic canopy and charging station for the Chevrolet Volt dealers. The solar canopy and charging station designed by Sunlogics is called the Chevrolet Volt “Green Zone”. The Chevrolet Volt Green Zone gives dealers the showcase for the new Volt with the ability to solar charge the electric car under the canopy. Sunlogics Inc. is now implementing the dealer build and installation phase for the Chevrolet Volt Green Zone.
EnergizerEnergizer and Sunlogics have a multiyear agreement whereby Sunlogics will build Energizer Solar EV charging stations. Further, under the terms of the agreement Sunlogics will develop other Solar equipment to be sold under the Energizer Brand.
International PowerSunlogics and International Power, one of the world’s largest utilities with 20 gigawatts of capacity, have entered into an agreement whereby Sunlogics will act as a developer of solar projects for the utility company.
University Research
Sunlogics also has an active research and development program related to photovoltaic (PV) panel manufacturing techniques, energy storage, and inverter technology, including joint development initiatives with two Canadian universities to decrease future manufacturing costs and improve PV panel efficiencies.
SLMU Huge news out
SLMU Big reverse merger news out on Friday
SLMU Reverse Merger complete
MODESTO, Calif., May 13, 2011 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), incorporated in the state of Nevada with headquarters in Modesto, California, announced today the closing of the acquisition of Sunlogics Power Fund Management Inc., the terms of which were set forth in the Amended Stock Purchase Agreement dated May 12, 2011.
As a result of the closing, the Company will now be focused on the acquisition and funding of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power, with particular emphasis on solar projects in Ontario, Canada and on the General Motors solar energy projects to be constructed. Sunlogics Power Fund was granted a right of first offer by Sunlogics Inc. ("SLI") to acquire all revenue producing solar assets developed by SLI pursuant to a Right of First Offer to Purchase Agreement it entered into with SLI, a company formed under the laws of the province of Ontario, Canada, a developer and builder of revenue producing solar assets.
"We are very pleased to have closed on the acquisition. Our unique relationship with Sunlogics Inc. as a preferred partner and the combined experience of management in the solar industry put us ahead of the competition," said Michael Matvieshen, President and CEO of SLMU. "We are excited to move the Company forward and begin to create shareholder value."
About Sunlogics Power Fund Management Inc.
Sunlogics Power Fund Management Inc. is focused on the acquisition of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities.
About Salamon Group Inc.
Salamon Group Inc., a publicly traded company incorporated in the state of Nevada with headquarters in Modesto, California, is focused on the acquisition and funding of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities, with particular emphasis on solar projects in Ontario, Canada and on the General Motors solar energy projects to be constructed. Sunlogics Power Fund was granted a right of first offer by Sunlogics Inc. to acquire all revenue producing solar assets developed by Sunlogics Inc. pursuant to a Right of First Offer to Purchase Agreement it entered into with Sunlogics Inc., a company formed under the laws of the province of Ontario, Canada, a developer and builder of revenue producing solar assets.
Sunlogics Power Fund will focus on solar energy projects that are near completion or completed, where the project owner does not wish to retain ownership, and is seeking to sell upon conclusion of construction. This strategy permits the Company to retain rights to recurring revenues, carbon and or investment tax credits, depreciation tax benefits, as well as renewable energy power purchase agreements. These revenue streams may be shared with project developers or real estate partners, depending on regional incentive parameters and/or customer requirements.
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 Annual Report for the fiscal year ended December 31, 2009 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.
CONTACT: Salamon Group Inc.
Michael Matvieshen, Chief Executive Officer
778-753-5675
Chuck Bryant, Director
209-576-0140
SLMU Reverse Merger complete
MODESTO, Calif., May 13, 2011 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), incorporated in the state of Nevada with headquarters in Modesto, California, announced today the closing of the acquisition of Sunlogics Power Fund Management Inc., the terms of which were set forth in the Amended Stock Purchase Agreement dated May 12, 2011.
As a result of the closing, the Company will now be focused on the acquisition and funding of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power, with particular emphasis on solar projects in Ontario, Canada and on the General Motors solar energy projects to be constructed. Sunlogics Power Fund was granted a right of first offer by Sunlogics Inc. ("SLI") to acquire all revenue producing solar assets developed by SLI pursuant to a Right of First Offer to Purchase Agreement it entered into with SLI, a company formed under the laws of the province of Ontario, Canada, a developer and builder of revenue producing solar assets.
"We are very pleased to have closed on the acquisition. Our unique relationship with Sunlogics Inc. as a preferred partner and the combined experience of management in the solar industry put us ahead of the competition," said Michael Matvieshen, President and CEO of SLMU. "We are excited to move the Company forward and begin to create shareholder value."
About Sunlogics Power Fund Management Inc.
Sunlogics Power Fund Management Inc. is focused on the acquisition of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities.
About Salamon Group Inc.
Salamon Group Inc., a publicly traded company incorporated in the state of Nevada with headquarters in Modesto, California, is focused on the acquisition and funding of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities, with particular emphasis on solar projects in Ontario, Canada and on the General Motors solar energy projects to be constructed. Sunlogics Power Fund was granted a right of first offer by Sunlogics Inc. to acquire all revenue producing solar assets developed by Sunlogics Inc. pursuant to a Right of First Offer to Purchase Agreement it entered into with Sunlogics Inc., a company formed under the laws of the province of Ontario, Canada, a developer and builder of revenue producing solar assets.
Sunlogics Power Fund will focus on solar energy projects that are near completion or completed, where the project owner does not wish to retain ownership, and is seeking to sell upon conclusion of construction. This strategy permits the Company to retain rights to recurring revenues, carbon and or investment tax credits, depreciation tax benefits, as well as renewable energy power purchase agreements. These revenue streams may be shared with project developers or real estate partners, depending on regional incentive parameters and/or customer requirements.
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 Annual Report for the fiscal year ended December 31, 2009 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.
CONTACT: Salamon Group Inc.
Michael Matvieshen, Chief Executive Officer
778-753-5675
Chuck Bryant, Director
209-576-0140
SLMUReverse Merger completed on Friday. Gonna fly on Monday
SLMU Reverse Merger Completed Friday, low float
Sass, Thanks for al of your insight that you have provided along the way. You could have ignored all and let the rumors fly, but you chose to address it all "in your own way" and provide what information you could. Much appreciation goes out to you.
New post from Sass on his blog
http://sassperess.com/blog/
You should add IMO to your statement. We don't all know or trust you to vouch for him IMO
1 left at .14
.12's printing keep it going
.105 up
.09's being hit
My prediction: close at .13 today with news coming in after the bell. Gap up to .20 at the open then a high of .50 and close at .25 tomorrow JMO
My guess is Thursday 2pm we see some news. JMO
I agree, Great comment
And just why should Sass be reprimanded? We didn't have a day with "great news" of the merger completion? There is no great news or horrible news, only news. You make of it what you want. Alot of people here are interpreting this in a negative way. Take the opportunity to add here and when the news comes of the merger completion you can almost be assured of a positive return on investment. Sass has gone out of his way to keep everyone here informed to the best of his ability. How many other company reps. are on IHUB responding the way he has. I fully appreciate his honesty and enlightenment here.
Looking thin back to .13
1 left @ .10 HSDN and 1 mm at .105 ETMM
SLMU up 22% so far today
SLMU 17% up today
Looks like a great day for volume to come in.
Chevy Volt one of the 10 best cars of 2011
http://editorial.autos.msn.com/listarticle.aspx?cp-documentid=1174573&icid=autos_1706>1=22007
Big question is why are we even in a quiet period?
Usually the only reason is due to substantial news regarding the company as a whole. ie... RM news....
Don't think it was a fat finger, if so then someone just sat on the keyboard. .0055 as opposed to .015, if they fat fingered it i could see either .055 or .0015, anyway it goes we will see in the morning.
anyone wanna claim that 5000 form T hit at the end?
Filing completed on Friday, wonder if we get some news today...
I wish the ask price on the quote on here was correct. .265 that would be ok by me
what will this gap to Monday morning? I already have my buy order in to add more shares.
I think Monday we go back on the radar.
And once again at 15:45 the shorts start covering. Just like every day this week. They drive the price down all day then start to cover at the very end for a lower price.
What does the rule 2310 mean? and what about for the short term
Hey HDOGTX check out BANI if you have time and tell me what you can make of this. Looks decently promising but still something is weird. Thanks