LAS VEGAS, Nov. 4, 2009 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), a leading designer of next generation electronic products and systems, announced today that the company is pleased to provide existing and future shareholders of SLMU an update on the companies activities and long term mission.
According to the CEO of Salamon Group Inc. (OTCBB:SLMU), John Salamon, the Company is on track in executing its business plan by continuing to increase the company's intellectual property portfolio. "Things are unfolding as expected and we are constantly generating new interest and shareholders in SLMU. All our shareholders will be informed of the progress of the company on a regular basis," added John Salamon.
"The Company holds several patents pending at the moment. To date, we have resisted licensing most of the patents owned by the Company, and are currently evaluating potential commercial partners hoping to assist us in exploiting the commercial viability of the patents we already hold," stated Mr. Salamon. "The company continues to focus its research and development on producing the Company's next patent. The current research is focused on producing a patent that has a ready market potential of billions of dollars," added John Salamon.
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." Some of the alternative energy sources include 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.