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Salamon Group Inc. (SLMU) Appoints NCP Northland Capital Partners Inc. International as Their Designated Investment Banker
LAS VEGAS, NV, Apr 12, 2012 (MARKETWIRE via COMTEX) -- Salamon Group (OTCQB: SLMU) (PINKSHEETS: SLMU) a leading edge green energy company, is pleased to announce that it has retained NCP Northland Capital Partners, Inc. (NCP) as the company's investment banker. NCP will assist with the Company's next round of financing, as well as, advise and assist with its needs including transitioning to more senior exchanges such as the NASDAQ and TSX.NCP Northland Capital Partners Inc. (NCP) is an employee-owned securities firm that is a client-focused financial services firm targeting fast-growing companies in the small and mid-cap markets. NCP has completed over $2.2 Billion of funding for its clients. Some of these clients include: New Zealand Energy, Innergex Renewable Energy, Finavera Wind Energy, Nextraction Energy, and AMP Solar Group.
Michael Matvieshen, CEO Salamon Group, stated, "We are very pleased with this agreement, NCP employs two of the top rated special situations analysts in the 'Clean Tech' sector and their understanding of our sector will complement our international and global business." Mr. Matvieshen went on to say, "Additionally, because NCP is a full service Investment Bank, they have abilities from arranging funding to sponsor companies in graduating listings to higher exchanges which are important next steps for us."
About NCP Northland Capital Partners:
NCP Northland Capital Partners (USA) Inc. ("NCP USA"), a member of FINRA, is an affiliated company to NCP Northland Capital Partners Inc. ("NCP Canada"). NCP USA is head quartered in Toronto and provides U.S. domiciled institutional customers with NCP Canada produced research on Canadian listed issuers in the following areas: mining and resources, industrial and infrastructure, clean technology and technology, telecom and media, and life sciences and special situations. Through NCP Canada's exchange memberships, NCP USA can provide U.S. institutional customers with direct execution of Canadian exchange listed issuers. NCP USA can also provide U.S. institutional customers with new issue and private placement opportunities.
About Salamon Group:
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 also 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/
For further information Contact The Orsay Groupe, Inc., William J. Nalley, #305-515-8077 firstname.lastname@example.org
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.
Market Value $21,200,000 a/o Apr 27, 2012
Shares Outstanding 40,000,000 a/o Dec 31, 2011
Float Not Available
Authorized Shares Not Available
Sunlogics Power Fund Management Inc., is a solar energy project funder specializing in ECO friendly green power projects. It has the exclusive first right of refusal as the project funding partner of Sunlogics Inc., a vertically integrated solar energy company. Sunlogics Power Fund Management Inc. is focused on the acquisition of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities. Sunlogics has existing business relationships with General Motors, International Power, Energizer, and many other large entities.
Sunlogics Power Fund will acquire and operate solar powered electricity generating facilities specifically solar canopy, rooftop or ground mount generating stations. It plans to provide its customers with renewable energy on a utility scale, through projects primarily built by SLI, a wholly owned subsidiary of Sunlogics PLC. Sunlogics Power Fund intends to acquire a portfolio of solar projects currently being developed by Sunlogics Inc. (SLI) and other solar asset developers, beginning in North America with the goal of expanding globally.
Sunlogics Power Fund is currently at the commencement of the commercialization phase of its business model. It plans on significantly expanding its solar project portfolio initially through its relationship with SLI and also by identifying, developing and maintaining new relationships with suppliers of solar powered electricity generating facilities in various international regions in the foreseeable future. Sunlogics Power Fund will seek out those partners which have approved applications, a history of banking relationships, renewable energy credits in place, which are either unable to fund project development or are seeking to sell upon completion allowing the Company to secure a portfolio of low risk, long term revenue generating projects.
Plan of Operation
The Company plans to ramp up operation in order to commence the acquisition of solar powered electricity generating facilities.
Results of Operation
Sunlogics Power Fund is a newly formed company and as such does not yet have any revenues. Sunlogics Power Fund entered into a Right of First Offer to Purchase Agreement with SLI as a preferred partner providing it access to a pipeline of solar canopy, rooftop and ground-mount park programs in the planning and early execution stage in Ontario, Canada and with GM and expects to have revenues in this fiscal year. There have been no operating expenses to date, however the Company expects to significantly increase operating expenses once it acquires solar powered electricity generating facilities.
Sunlogics Inc website: www.sunlogics.com