NEWS --
PALO ALTO, Calif., Apr 17, 2009 (BUSINESS WIRE) -- St. Lawrence Energy Corp.
(OTCBB:SLAW) announced signing the agreement to acquire ChipSolutions, Inc. of
Irvine, California. St. Lawrence Energy Corp. (the "Company") has agreed to
acquire ChipSolutions, Inc. and attain market ownership leveraging on
ChipSolutions' successes in semiconductor and media segments of digital
industries. ChipSolutions has developed more than $10,000,000 annual revenue and
extensive strategic partnerships and customer bases consisting of Fortune 500
companies in the U.S., Far East, and Asia. The Company intends to help
ChipSolutions support its existing, vast customer bases, in need of solutions
for which more partners have shown they wish to expand their purchase orders.
ChipSolutions comes with substantial assets that may position favorable for
NASDAQ listing, in addition to expected revenue growth. Joint efforts to expand
into and capture nascent markets may help the Company deliver more efficient
solutions to larger segments and increased revenue streams.
St. Lawrence Energy Corp. will benefit from the acquisition as its solar venture
will secure supply of solar cells from ChipSolutions. The acquisition brings
together the digital media and mobile telecommunications businesses that boost
the Company's forays into telecommunications businesses and narrow-focus on
IP-based and innovative solutions fit for alternative telecommunications
solutions suitable for cross-national and regional markets. ChipSolutions enjoys
higher revenues, after the acquisition, than it has alone so far.
ChipSolutions delivers elements essential for solar cell, solar equipment, and
other solar-related solutions. Post-acquisition strategies call for
implementation aiming at doubling sales, provided the market responds as
expected.
About ChipSolutions, Inc.
ChipSolutions markets technology-based products as it provides vital solutions
to the technology value chains. ChipSolutions designs, manufactures, and markets
innovative products and services for energy industry and for digital media and
mobile markets while aggregating buy-chain and supply-chain partners.
ChipSolutions achieved exceptional reintermediation adaptation.
About St. Lawrence Energy Corp.
St. Lawrence Energy Corp. is in the process of research and development of solar
panel and delivering semiconductor solutions for the solar panel. The Company
has continued to develop of green and clean energy sources. Based in Palo Alto,
California, the Company leverages on innovative minds of Silicon Valley in San
Jose, California, and intends to add and improve sophisticated management
capabilities.
Forward Looking Statements.
The information contained in this news release, other than historical
information, consists of forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. These
statements may involve risks and uncertainties that could cause actual results
to differ materially from those described in such st atements. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to have been correct. Important factors, including general economic
conditions, spending levels and other factors could cause actual results to
differ materially from the Company's expectations.
Company Contact:
SOURCE: St. Lawrence Energy Corp.
CONTACT:
St. Lawrence Energy Corp.
Debra Mayer, Investor Relations
650-384-0333
Copyright Business Wire 2009
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KEYWORD: United States
Asia Pacific
; North America
California
INDUSTRY KEYWORD: Energy
Alternative Energy
Technology
Consumer Electronics
Telecommunications
Semiconductor
Mobile /Wireless
Environment
SUBJECT CODE: Merger/Acquisition
