Salamon Group, Inc. (fka SLMU)

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SLMU news> Charles L. Bryant, JR. of Modesto, California Accused of Fraud by Salamon
Date : 10/05/2012 @ 2:41PM
Source : MarketWire
Stock : Salamon Group, Inc. (QB) (SLMU)
Quote : 0.0415 -0.0085 (-17.00%) @ 2:44PM

Charles L. Bryant, JR. of Modesto, California Accused of Fraud by Salamon
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Today : Friday 5 October 2012
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Salamon Group, Inc. (OTCQB: SLMU) announces that it is suing Sunlogics PLC and former Salamon director Charles L. Bryant, JR. of Modesto, California for fraud.

Salamon Group Inc. stated, "Salamon believes Mr. Bryant's conduct while a director of Salamon Group, Inc. was unacceptable. Salamon Group, Inc. accuses Mr. Charles Bryant, a director of Sunlogics PLC, of working against the interest of the shareholders of Sunlogics PLC and thereby of Salamon Group, Inc." Salamon further stated, "We have started a court action in Ontario, Canada, which accuses both Mr. Charles L Bryant of Modesto, California and Mr. Abe Morris, CEO of Sunlogics, Inc., now named Visole Energy, of fraud."

In addition, Salamon further accuses Mr. Charles L. Bryant of Modesto, California of falsifying amounts he paid for shares while he was a director of Salamon. There are a number of other issues that management is investigating as a shareholder of Sunlogics PLC; this includes Mr. Bryant's use of company funds to build solar projects on his personal real-estate holdings in California. Salamon believes that Mr. Bryant's actions have defrauded shareholders and they are investigating every transaction he was involved in while being a director.

For further information about this release contact Willam Nalley, The Orsay Groupe, Inc., #305-515-8077 and/or email: [e-mail].

About Salamon Group, Inc.

Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers, http://www.sunlogicspowerfund.com.

SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management.

Contact:



Orsay Groupe

William J. Nalley

305-515-8077

Email Contact

www.orsaygroupe.com