Solar News: Salamon Group, Inc. (OTCQB:SLMU) to Partner With DayStar Technologies (NASDAQ:DSTI) Over
LAS VEGAS, NV - March 23, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announces that Sunlogics Power, its wholly owned subsidiary, will partner with Daystar Technologies, Inc. (NASDAQ:DSTI) for the previously announced acquisition
LAS VEGAS, NV - March 23, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announces that Sunlogics Power, its wholly owned subsidiary, will partner with Daystar Technologies, Inc. (NASDAQ:DSTI) for the previously announced acquisition of Eco Energy Solutions (Australia) Pty Ltd. ("Eco Energy"). Sunlogics Power has successfully finished the due diligence process and is proceeding to final documents.
"We are pleased to be partnering with DayStar Technologies on the Acquisition of Eco Energy," said Michael Matvieshen, CEO. He further states, "And, we look forward to strengthening the relationship between our companies. We are also pleased with the outcome of the due diligence of Eco Energy which, for its fiscal year ended June 30, 2011, had gross revenues of approximately US$13 million dollars and net income of approximately US$1million with no debt on the books We expect these numbers to be much higher this year based on currently signed agreements for projects, services and products."
About Eco Energy Solutions
Eco Energy Solutions (Australia) Pty Ltd is a dynamic Australian based renewable energy company specializing in the design, supply, installation, commissioning and maintenance of Solar PV with integrated power storage for uninterrupted power supply for commercial and remote locations. http://www.ecoenergysolutions.com.au/
About DayStar Technologies, Inc. (DST)
DayStar Technologies, Inc. is a leader in CIGS thin film deposition technology for the development of solar photovoltaic products based on its technology. For more information, visit the DayStar website at http://www.daystartech.com.
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.
Orsay Groupe, Inc.
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