LAS VEGAS, Jan. 21, 2011 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), today announced that the due diligence process has been completed and expects to advance to the closing phase of its reverse merger with Sunlogics Power Fund Inc. shortly.
About Sunlogics Power Fund Management Inc.
Sunlogics Power Fund Management Inc. is a solar energy project funder specializing in the acquisition and financing of ECO friendly green renewable energy projects. It has the exclusive first right of refusal as the project funder of Sunlogics Inc., a vertically integrated solar energy company. Additional information about Sunlogics Inc. can be found at www.sunlogics.com
About Salamon Group Inc.
Salamon Group Inc. is a publicly traded independent "green" energy company with new headquarters and operations in Modesto California and an office in Kelowna, BC, Canada. The Company has recently enhanced its business model to include the funding of solar power generating plants, with particular emphasis on the General Motors solar energy projects to be constructed by Sunlogics Inc. and future solar rooftop and ground mount installations in Ontario, Canada.
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Salamon Group Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Salamon Group Inc.'s Annual Report for the fiscal year ended December 31, 2009 as filed on EDGAR at www.sec.gov/" target="_top" rel="nofollow">www.sec.gov. The risk factors identified in Salamon Group Inc. Annual Report are not intended to represent a complete list of factors that could affect Salamon Group Inc. Accordingly, readers should not place undue reliance on forward-looking statements. Salamon Group Inc. does not assume any obligation to update the forward-looking information contained in this press release.