LAS VEGAS, Aug. 19, 2008 (GLOBE NEWSWIRE) -- Salamon Group, Inc. (OTCBB:SLMU) announced a corporate update to its shareholders.
Salamon Group is actively seeking to purchase real estate in Las Vegas, Nevada, in the form of purchasing an operating casino. Salamon Group intends to move its corporate headquarters into the casino. The purchase of the casino will allow Salamon Group to start generating revenues so that it can further its business plan to develop, license and/or acquire technologies and concepts in the field of "Alternative Energy Sources."
Once Salamon Group locates a suitable casino, it intends to enter into a letter of intent to purchase the casino. At that time Salamon Group will then undertake a non-brokered private placement under Rule 506 of Regulation D, to raise the funds required to purchase the casino.
Salamon Group is also in the process of entering into a consulting agreement with a Canadian accounting firm. The consultant will provide accounting and bookkeeping services to Salamon Group. In exchange for the services Salamon Group will issue the accountant 100,000 S-8 shares per month. More details of this agreement will be released once finalized.
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." Alternative Energy Sources are those which are not supplied by the burning of fossil fuels or the splitting of atoms. Some of the alternative energy sources include solar energy, wind power, geothermal, tides, hydro power and certain proprietary electrical wireless power and generator technologies. 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.
Note to Reader: This news release is a retransmission of an announcement made on July 14, 2008.