StockProfiler.US, LLC: Solutions Group, Inc. Announces Acquisition of Smart Throttle LLC., Creator of the DECELERATOR Device ...
29 Marzo 2010 - 11:30AM
Business Wire
StockProfiler.US, LLC is pleased to announced that Solutions
Group, Inc. (PINKSHEETS: SOLU) announced today that it has acquired
a controlling interest in Ventura based Smart Throttle, LLC. Smart
Throttle designed and developed the DECELERATOR, as the first
failsafe solution to the international problem of Sudden Unintended
Acceleration (SUA). This phenomenon, made famous by the numerous
reported problems facing Toyota Motors and the auto industry in
recent weeks, has allegedly killed several people. Corrective
measures have been in progress, but elusive, until now. The
DECELERATOR is the solution. The DECELERATOR device is currently
patent pending and is being handled by James Dawson of Law firm
Koppel, Patrick, Heybl & Dawson.
Don Cook, President of Solutions Group subsidiary Smart Throttle
Technologies and inventor of the DECELERATOR stated: “In view of
its size and market presence, SOLU is a perfect fit in rapidly
bringing to market the SUA fix with our market changing
technologies. Having already forged a path with its IDRIVE product
for vehicle control, we are now perfectly positioned to lead the
market and fix the SUA problem once and for all.” Sean O’Neil,
SOLU’s CEO added, “This affordable product is absolutely astounding
and we are getting it manufactured and to market immediately for
the benefit of all drivers who may be facing SUA and the general
public at large.”
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About Solutions Group Corp.
Solutions Group (SGI) has a well established history of being an
international provider of Managed Engineering Services and Products
in the Automotive Field. 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.
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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