Solar News: Salamon Group, Inc. (OTCQB:SLMU) Secures Public Sector Rooftop Solar Projects

LAS VEGAS, NV - March 29, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) said Wednesday that it has secured the rights to build solar power systems on the rooftops of 23 schools in Williamson County Tennessee. Salamon will immediately start building 3 solar powe

LAS VEGAS, NV - March 29, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) said Wednesday that it has secured the rights to build solar power systems on the rooftops of 23 schools in Williamson County Tennessee. Salamon will immediately start building 3 solar power systems with an output of 200KW each, the first 3 school rooftops total 600KW. These three projects have total combined revenues of $3.3M over the life of the contract, and yield a levered IRR of approximately 25%. The Company plans to continue building out the remaining 20 rooftops later this spring.

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

CEO Michael Matvieshen stated, "We are excited to commence building solar power systems on these public sector rooftops, which is one of the Company's strategic solar verticals." Mr. Matvieshen continued, "The public sector buildings offer an enormous real-estate opportunity and are the most stable real estate asset to build solar power systems on, and they offer a tremendous potential for a project pipeline for the Company. We expect that our 'SolarPlus' go to market strategy will secure large solar project rights that will allow us to build quality infrastructure type assets with premium investment yields for the company."

About Salamon Group

Salamon Group, Inc. and its Sunlogics Power Fund Management, Inc. division, is a solar and renewable energy company specializing in the acquisition, construction and management of renewable energy power projects and companies. It is a project-acquiring partner of Sunlogics Plc and its subsidiary as well as other third party project developers. The Company also takes positions in other solar and renewable energy project producing companies that are a strategic fit within the Company's overall strategy.

For further information, Orsay Groupe, Inc. 305-515-8077 and/or visit: http://www.sunlogicspowerfund.com/ www.sunlogics.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 at the time statements are made.

Contact:

Orsay Groupe, Inc.
William J. Nalley
305-515-8077
williamjnalley@yahoo.com

Published on Investorideas.com newswire

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp. Disclosure: SLMU is a paid customer on Investorideas,com , publishing press releases and company content on Investorideas.com and our syndicated blogs and global partners effective March 14 ,2012 (three months: one thousand per month and nine thousand equivalent in 144 shares)

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Featured Product

Terrasmart - Reduce Risk and Accelerate Solar Installations

Terrasmart - Reduce Risk and Accelerate Solar Installations

We push the limits in renewable energy, focusing on innovation to drive progress. Pioneering new solutions and ground-breaking technology, and smarter ways of working to make progress for our clients and the industry.