LAS VEGAS, NV — (Marketwire) — 03/14/12 — Salamon Group, Inc. (OTCQB: SLMU) (PINKSHEETS: SLMU) (“Salamon” or the “Company”) announces that it has entered into a strategic relationship with in the form of a $20M financing agreement.
, “We look forward to further expanding our relationship with CTIEC and its management. CTIEC–s professional expertise in construction management and its ability to finance large projects greatly increases our reach to develop and manage projects worldwide.” Mr. Matvieshen continued by saying, “I have had the opportunity to develop a relationship with CTIEC prior to and during my tenure at and have seen how they bring strength to their partnerships. CTIEC is supplying a similar service to the GM projects () and I am very confident that CTIEC will be a valuable global partner for us on a moving forward basis. This is an extremely exciting step forward in Salamon–s/Sunlogics Power Funds development.”
China Triumph International Engineering Company (CTIEC) is an internationalized enterprise guided by science and technology and oriented by market demand, which implements science & technology innovation and institutional innovation and is the engineering technical platform of . Since 2002, CTIEC has been in the list of Top 50 of National Engineering General Contracting and Project Management Enterprises, Top 100 of National Exploration and Design Enterprises, and Top 200 of Globe Engineering Design and Consulting Companies. In recent years, under CNBM–s strategic planning of rapidly developing three new industries (new building materials, new housing and new energy materials), CTIEC gives full play to its demonstrating & leading role of green development in industry, makes use of its advantages of the national innovation platform, integrates & applies new energy technologies and equipments, continuously pushing forward with its general contracting business for projects, as well as vigorously implements the strategy of “Go abroad,” and strives to build new core competitive advantages in engineering services.
Salamon Group, Inc. and its Sunlogics Power Fund Management, Inc. division, is a solar and renewable energy company specializing in the acquisition, construction and management of renewable energy power projects and companies. It is a project-acquiring partner of Sunlogics Plc and its subsidiary as well as other third party project developers. The Company also takes positions in other solar and renewable energy project producing companies that are a strategic fit within the Company–s overall strategy.
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