Solutions Group, Inc. Announces Fourth Quarter idrive Sales Above Projections
25 Janeiro 2010 - 1:57PM
Marketwired
Solutions Group, Inc. (PINKSHEETS: SOLU) announced that its
subsidiary idrive Monitoring Systems has released sales numbers for
the fourth quarter of 2009 that were above projections.
Stefan Dragomir, president of idrive, said that "Our sales
efforts, led by Tranzportek, have exceeded our projections and
expectations. The Tranzportek team is well connected and respected
in the industry, and has been the driving force behind our sales
expansion. I commend them for these accomplishments."
Mr. Dragomir went on to say that "The fact that the X1 offers
superior capabilities, yet is the lowest cost option in the
industry at $495, is also a contributing factor in the early
success of the product."
The idrive product, which targets the Taxi Cab and Fleet Service
industry, is being sold through OEM and independent sales channels,
and online at www.idrive.pro. The idrive X1 release has been well
received by the Insurance industry as event data recording devices
have been proven to reduce accidents. The product is also in high
demand for fleet service owners and operators who are looking to
reduce costs from driving incidents.
About Solutions Group:
Solutions Group is an international provider of Managed
Engineering Services. The Company seamlessly integrates its
regional design centers in North America with its lower cost
off-shore engineering locations in Romania and Mexico to provide
exceptional blended pricing solutions and reduced product design
cycle times. Solutions Group creates greater value for its
shareholders by leveraging its core engineering competencies into
other opportunities including royalty partnerships, intellectual
property creation and selective acquisitions. SGI's customers
currently include major Fortune 500 companies, small and mid-range
OEMs and early stage product companies.
For more information please visit our website at:
www.solutionsgroupcorp.com
View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/solutionsgroup-20100125/
This press release contains forward-looking statements that are
made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995, particularly those
statements regarding the effects of the proposed transaction and
those preceded by, followed by or that otherwise include the words,
"believes," "expects," "anticipates," "intends," "estimates," or
similar expressions. Forward-looking statements relating to
expectations about future results or events are based upon
information available to The Company as of today's date, and The
Company does not assume any obligations to update any of these
statements. The forward-looking statements are not guarantees of
the future performance of The Company and actual results may vary
materially from the results and expectations discussed.
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Contact: Solutions Group, Inc. Kim Carroll Investor Relations +1
949 630 9831
Solutions (CE) (USOTC:SOLU)
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