SOLU Solutions Group Inc (CE)

Solutions Group, Inc. (OTC:SOLU.PK) CEO Sean O’Neil would like to give an update on the current progress of Solutions Group, Inc.

I would like to thank everyone for their continued interest in Solutions Group. We firmly believe that in the near future shareholders will realize the value of the stock and its potential. I would like to take the opportunity to get you up to speed on what we’ve done and what we are currently working on. There has been a lot of interest in the company and I thought it appropriate to simply update everyone at once.

During the first two quarters of the year which are now coming to a close, our company goals and achievements have been either completed or set as the following:

1. Solutions Group - has successfully made the transition out of the Managed Engineering Services market and into turn-key product development with the Idrive and Decelerator with successful completion of the balances of our contracts thus not accepting any more contracts as of this date.
2. Idrive Sales Push - We have continued focusing on Idrive Sales. We have hired an inside salesperson who has been contacting Distributors, Resellers and direct sales. Through the first month of efforts we have seen signed contracts in Argentina, Chile, Israel, Mexico, Serbia, Romania as well as 4 in the United States all with a cumulative total of upwards of 10,000 units in the next 12 months. Last quarters backlog of 1,000 units has been satisfied and we are currently working on the next 1,000 units. The next 1,000 units which seems to be of small consequence considering the explosive interest showing in over 50 transportation industries. These include but are not limited to Taxi, Limousine, Construction, Mining, Utility, Petroleum and Gas Delivery add continuum.
3. Acquisition of Smart Throttle Technologies, LLC. - As of March 26, 2010 Solutions Group has acquired 60% ownership of Smart Throttle Technologies, LLC for a total of $85,000.00 cash and 15 million shares of common restricted stock. We believe this is in the best interest of Solutions Group seeing as the potential revenues are in the tens of millions of dollars for the Decelerator’s existing markets. We have added thirteen aspects to the patent pending on the device and we do not believe anyone will be able to build, market or sell a similar product in the United States without going through our patent. During the time of control we have totally redesigned the product from the ground up to withstand the rigorous requirements of the under hood automotive industry. We are in process and expect total certification in all aspects by the end of this month.

About Solutions Group:

About Solutions Group Corp: Solutions Group (SGI) is an international provider of products focused around the Automotive and Transportation Industry. The Company produces products through its regional design centers in North America with its lower cost off-shore engineering locations in Europe and Mexico to provide a greater pool of engineering talent and reduced product design cycle times. Solutions Group creates greater value for its shareholders by leveraging its core engineering competencies into other opportunities including royalty partnerships, intellectual property creation and selective acquisitions. SGI’s customers currently include major Fortune 500 companies, small and mid-range OEMs and sales to the general public.

For more information please visit our website at: www.solutionsgroupcorp.com

This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those statements regarding the effects of the proposed transaction and those preceded by, followed by or that otherwise include the words, "believes," "expects," "anticipates," "intends," "estimates," or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available to The Company as of today's date, and The Company does not assume any obligations to update any of these statements. The forward-looking statements are not guarantees of the future performance of The Company and actual results may vary materially from the results and expectations discussed.

Solutions (CE) (USOTC:SOLU)
과거 데이터 주식 차트
부터 3월(3) 2025 으로 4월(4) 2025

Solutions (CE) (USOTC:SOLU)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 4월(4) 2025