Solutions Group, Inc. Announces Initial idrive X-1 Shipments
February 22 2010 - 11:01AM
Marketwired
Solutions Group, Inc. (PINKSHEETS: SOLU) announced that its
subsidiary idrive Monitoring Systems has begun full production and
shipping of its idrive X-1 Video Event Data Recorders (VEDR) to
more than 20 clients across several vertical markets in the United
States and Mexico. These initial orders total in excess of 1,000
VEDRs and leverage additional units in excess of 2,000 more over
the quarter.
Stefan Dragomir, President of idrive, stated, "This is a
historic day in the VEDR marketplace. We have studied the
marketplace for over two years and consulted with hundreds of
existing VEDR users. Using their input, we have designed the most
cost-effective, technologically advanced VEDR in the world today.
Now in mass production we are delivering this solution. We have
succeeded in bringing to market a VEDR with the best cost-benefit
analysis in this multi-billion dollar industry."
More information can be found about the idrive product online at
www.idrive.pro.
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-20100222/
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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 StockProfiler.US Andy Emanuel +1 603-424-4422
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