MODESTO, Calif. and KELOWNA, B.C., Jan. 13, 2011 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), today announced that Sunlogics Power Management Fund Inc. ("SPFM"), whose acquisition is in concluding stages, has agreed to purchase its first General Motors solar energy project from Sunlogics Inc., the builder of solar powered charging stations for the new award-winning Volt electric car.
"The purchase of this first Solar Charging station is the first solar charging canopy built for the Volt vehicle at a GM site, and is the first such acquisition by our Power Fund," said Michael Matvieshen, CEO of Salamon. "The Sunlogics Inc. relationship will also enable SPFM/Salamon to begin delivering on its plans to become a major funder and owner of solar energy projects across North America, with particular emphasis on the purchase projects from Sunlogics Inc.'s General Motors pipeline of projects. Sunlogics Inc. has been selected by General Motors to supply solar charging stations to GM dealers, as well as to build Solar Parks at other GM-owned sites. Such installations will provide long term revenues, primarily through the sale of excess power to the grid through programs in North America," said Matvieshen.
About Sunlogics Power Fund Management Inc.
Sunlogics Power Fund Management Inc., is a solar energy project funder specializing in ECO friendly green power projects. It has the exclusive first right of refusal as the project funding partner of Sunlogics Inc., a vertically integrated solar energy company. Additional information about Sunlogics Inc. can be found at its website at www.sunlogics.com.
About Salamon Group Inc.
Salamon Group Inc. is a publicly traded independent "green" energy company with new headquarters and operations in Modesto, CA and a office in Kelowna, B.C., Canada. Has recently enhanced its business model to include the funding of solar powered generating plants, with particular emphasis on the General Motors solar energy projects to be constructed by Sunlogics Inc.
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CONTACT: Salamon Group Inc. Michael Matvieshen, Chief Executive Officer 778-753-5675