LAS VEGAS, June 18, 2009 (GLOBE NEWSWIRE) -- Salamon Group, Inc. (OTCBB:SLMU), a leading designer of next generation electronic products and systems, today announced that it has agreed to extend the license on its Electro Power Generator ("EPG") -- patent pending -- for up to six months. The technology was previously licensed to a Canadian manufacturer, who has asked for and been given an extension in order to fulfill manufacturing and sales requirements. Deadlines for all milestones contemplated in the original agreement shall extend six months.
Salamon's EPG, considered a green technology because it produces no emissions, is ideal for an indoor backup or primary power supply. For smaller homeowners and offices that cannot afford to have a backup generator, Salamon's Electro Power Generator one economically viable backup source.
"The EPG is ideal as a primary or secondary source of indoor power. It is aimed at the individual consumer or small office/warehouse. Its price point, its size and its emission profile will enable the licensee to utilize existing distribution channels to market the product," said John Salamon, president and chief executive officer of Salamon Group, Inc.
About Salamon Group, Inc. (www.salamongroup.com)
Salamon Group, Inc. is an inventor and designer of a variety of next generation electronic products. The Company is based out of Las Vegas, NV, with an international office in Vancouver B.C.,Canada. The Company holds four patents pending. Salamon Group trades on the OTCBB under the symbol SLMU.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "foresee," "revolutionary," "should," "ideal," "extremely," and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Salamon Group's filings with the Securities and Exchange Commission, including, without limitation, SLMU's recent Form 10-KSB and Form 10-QSB, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.