Searchlight Solutions Announces Final Closing on Linux Labs Acquisition
02 Maggio 2011 - 2:05PM
Marketwired
Searchlight Solutions ("Searchlight" or the "Company") (PINKSHEETS:
SLLN) today announces it has completed the closing of the
definitive agreement for the acquisition of the majority control of
the common stock of Linux Labs International Inc. ("Linux").
Linux Labs International Inc. is a hybrid engineering firm
specializing in technologies that expand the field of high
performance supercomputing. Linux Labs designs and builds
high-performance supercomputers utilizing their proprietary
NimbusOS™. www.linuxlabs.com
The transaction was finalized as a share exchange.
Company management stated: "The Closing is a momentous occasion
for our Company. Linux will be the foundation for building our long
term growth plans. We look forward to moving rapidly to integrate
growth and bring value to our shareholders."
Searchlight Solutions Ltd. (PINKSHEETS:
SLLN) is a technology venture holding company that provides
business development and high level management services for early
stage technology companies who are pursuing the benefits of the
public marketplace.
Searchlight Scientific is a next
generation data services company focusing on developing and growing
cloud based solutions to solve tomorrow's computing challenges.
www.searchlightscientific.com
Forward-Looking Statements: The statements
in these press releases or on the Company website and any other
statements relative to the Company, which are not historical facts,
are forward-looking statements -- that is, statements related to
future, not past, events. These statements may be identified by
words such as "expects," "looks forward to," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "will,"
"project" or words of similar meaning. Such statements are based on
the current expectations and certain assumptions of the Company's
management, and are, therefore, subject to certain risks and
uncertainties, including but not limited to, costs and difficulties
related to the state of the Company's current operations,
applicability of the Company's technology, costs, delays, and any
other difficulties related to the Company's business plan, the
Company's sources of liquidity, risks and effects of legal and
administrative proceedings and governmental regulation, future
financial and operational results, competition, general economic
conditions, marketability of the Company's products and services,
and the ability to manage and continue growth. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those indicated. A variety of factors, many of which are
beyond the Company's control, affect the Company's operations,
performance, business strategy and results and could cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements. We undertake no obligation to revise or
update such statements to reflect current events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For more information: Searchlight Solutions Ltd. email Email
Contact www.searchlightscientific.com Phone (866)230 4056
Grafico Azioni Searchlight Solutions (CE) (USOTC:SLLN)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Searchlight Solutions (CE) (USOTC:SLLN)
Storico
Da Giu 2023 a Giu 2024