LAS VEGAS, Jan. 4, 2010 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), a leading designer of next generation electronic products and systems, is pleased to announce today that the company is actively identifying sources of funds to bring its operating capital to exceed $1,500,000 (1.5 million dollars) for its continued growth in 2010. Salamon Group is hoping to secure this funding in the first quarter of 2010 to capitalize on the momentum it experienced in the fourth quarter of 2009.
"Dr. Winick, one of our consultants, has been instrumental in identifying legitimate sources of funding for the company's continued growth in this new year," John Salamon, CEO of Salamon Group Inc., reported. "The company is excited about the direction and momentum the company has achieved and any additional operating capital will be used to further that momentum," he added.
Salamon Group is publicly traded under the symbol SLMU.OB
About Salamon Group, Inc.
Salamon Group is a development stage company whose aim is to develop, license and/or acquire and develop technologies and concepts in the field of "Alternative Energy Sources". For more information please visit us at www.salamongroup.com.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Salamon Group, Inc.'s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.