Penny Press Releases

[BionicBoy]

Searchlight Solutions Provides Corporate Update; Progress Being Made on Several Fronts

Searchlight Solutions (PINKSHEETS: SLLN) is pleased today to announce as a corporate update that the Company is making progress on a number of business and corporate fronts.

Firstly, the Company's accountants are progressing well in their preparation of the Consolidated Financial Statements to show the revenues of its Linux Labs acquisition on a combined basis. Although no specific date is set for completion of the Financial Statements, management plans to promptly post them after completion.

Secondly, Linux Labs is continuing to develop and grow its core Cluster Computer and software business. Management is optimistic their renewed marketing efforts will increase sales for this fiscal year.

Management is feeling positive about several activities surrounding its businesses and believes the near term and long term outlook is encouraging. The Company looks forward to providing more announcements to its shareholders as developments and milestones are achieved.

Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.

Searchlight Scientific is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrow's computing challenges. www.searchlightscientific.com

Linux Labs International Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing. Linux Labs designs and builds high performance supercomputers utilizing their proprietary NimbusOS™. www.linuxlabs.com

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