VANCOUVER, British Columbia, Jan. 22, 2009 (GLOBE NEWSWIRE) -- Salamon Group, Inc. ("Salamon Group") (OTCBB:SLMU) has entered into debt settlement agreements with Space Globe Technologies Ltd. ("Space Globe") dated November 8, 2008 and January 9, 2009, and issued shares to Space Globe in settlement of outstanding debt owed by Salamon Group to Space Globe. Pursuant to a debt settlement agreement dated November 8, 2008, Salamon Group issued to Space Globe 869,050 shares of common stock (Form S-8) of Salamon Group at the fair market value of $0.02 per share to settle a debt of US$17,381 owing to Space Globe. Pursuant to a debt settlement agreement dated January 9, 2009, Salamon Group issued to Space Globe 200,000 shares of common stock (Form S-8) of Salamon Group at the fair market value of $0.03 per share to settle a debt of US$6,000 owing to Space Globe. Space Globe is a company owned by John Salamon, sole director and officer of Salamon Group.
On behalf of: SALAMON GROUP, INC. John Salamon, President salamongroup@shaw.ca
This News Release may contain forward-looking statements, which address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Salamon Group relies upon litigation protection for forward-looking statements.