Salamon Group (SLMU) Retires Debt
2012-07-02 14:45 ET - News Release
LAS VEGAS, NV -- (Marketwire) -- 07/02/12
Salamon Group, Inc. (OTCQB: SLMU) (PINKSHEETS: SLMU) ("Salamon" or the "Company") is pleased to announce that Sunlogics Power Management Fund, its wholly owned subsidiary, has retired $500,000.00 in debt acquired by its investment of the senior debt of DayStar Technologies, Inc. (NASDAQ: DSTI), a renewable energy company.
The debt was transferred to Mr. Michael Matvieshen pursuant to the original terms of the transaction. As a result of this transfer and retirement of the DayStar debt, Mr. Matvieshen now has direct ownership of DSTI shares.
For further information about this release contact Willam Nalley, The Orsay Groupe, Inc., #305-515-8077 and/or email:
About Salamon Group, Inc.
Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers, http://www.sunlogicspowerfund.com.
SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management.
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Contact:Orsay GroupeWilliam J. Nalley305-515-8077 Email Contactwww.orsaygroupe.com
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