updated 12/11/2010 5:15:26 PM ET 2010-12-11T22:15:26

LAS VEGAS, Dec. 10, 2010 (GLOBE NEWSWIRE) -- Effective December 7, 2010, Mr. John Salamon resigned as Salamon Group, Inc.'s (OTCBB:SLMU) Chief Executive Officer and President. Mr. Michael Matvieshen was appointed Chief Executive Officer, President and Director of the Company.

The appointment was approved by the Board of Directors of the Company on December 7, 2010.

About Salamon Group Inc.

Salamon Group Inc. is a publicly traded independent "green" energy company with headquarters in Las Vegas, Nevada, USA and research operations in Vancouver, BC, Canada. Salamon was founded with the specific aim to become a leader in the development of patents relating to electricity generation, capture and transmission. Our aim is to partner with existing industry stakeholders to exploit the patent potential through licensing agreements while serving a growing target market with integrity and honesty. Salamon Group Inc. headquarters out of Las Vegas, with Vancouver offices and research engaged in Vancouver BC, Canada. Additional information may be found at www.salamongroup.com .

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. 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.

CONTACT:  Salamon Group Inc. 
          Investor Relations
          Michael Matvieshen, Chief Executive Officer
          778-753-5675

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 1.97%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.70%
13.70%
Cash Back Cards 17.66%
17.91%
Rewards Cards 17.05%
17.17%
Source: Bankrate.com