Searchlight Solutions Announces Future Business Direction & Acquisition Goals
April 24 2011 - 12:22PM
Marketwired
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology
venture holding company focused on providing business development
and high level management services for early stage technology
companies who are pursuing the benefits of the public marketplace.
The pursuit of this business model required Searchlight to locate
appropriate acquisition targets with viable revenue models that are
in need of these services.
The first of these acquisitions was Midtech Holdings which was
later renamed Searchlight Scientific Inc. and designated as the
operating entity for ongoing business. Secondly, Searchlight
Solutions and subsidiary Searchlight Scientific signed a letter of
intent to acquire a controlling interest in Linux Labs
International Inc. The letter of intent was executed by the parties
in the fourth quarter of 2010 with definitive agreements currently
in final negotiation.
Searchlight Solutions will benefit through consolidation of
financials while building their "in-house" technology support team
from within.
Searchlight Solutions will continue to pursue suitable
candidates for acquisition who are in need of their services that
will increase the overall value of the company. It is anticipated
that this will include several acquisition offers over the next
twelve to eighteen months.
Searchlight Solutions will also begin establishing a high-tech
consultancy to further assist with the evaluation of the validity
of up and coming technologies.
About Us: Searchlight Solutions Ltd.(PINKSHEETS: SLLN) is a
publicly traded 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.
Search Light Scientific Inc. is a next generation data services
company focusing on developing and growing cloud based solutions to
solve tomorrows computing challenges. Searchlight Scientific is a
wholly owned subsidiary of Searchlight Solutions.
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™. Linux Labs is responsible for developing some of the
most innovative Linux based technologies today and they remain on
the forefront of secure operating systems, database development and
search engine functions.
FORWARD LOOKING STATEMENT DISCLAIMER
Forward-Looking Statements: The statements in this press
release or on the Company's 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.
For more information email Email Contact
www.searchlightscientific.com Phone (866 )230 4056
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