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Solutions Group Inc.: Solutions Group Announces Development Agreement With CrowleyJones(TM)

^{Published on 2009-10-21 05:18:59 - Market Wire}
 

SANTA BARBARA, CA--(Marketwire - October 21, 2009) - Santa Barbara based Solutions Group Inc. (PINKSHEETS: [ SOLU ]) announced that it has been awarded a contract to support CrowleyJones in the engineering and development of a new high-tech product. The product, which incorporates complex hardware and custom software, is set to be released into the Interactive Exercise and Sports Training market in the third quarter of 2010.

CrowleyJones develops, manufactures and distributes innovative and functional products. The company holds a diverse IP portfolio of "Best in Class" products that are distributed worldwide through First Tier sales channels, including retail dealers and direct response consumer markets.

Terry Jones, Managing Director of CrowleyJones, stated, "Solutions Group has been brought on board to support the high-tech development for this product due to the company's expertise in Hardware and Software Engineering. SGI's local interface with global engineering provides exceptional support, allowing us to reduce cost of development and time to market."

Sean O'Neil, Solutions Group CEO, stated, "We are excited to be working with CrowleyJones on the development of this innovative product. We look forward to completing the development of this product, and see it as the beginning of a long-term relationship with an innovative and growing company that has an excellent track record of launching successful products."

CrowleyJones develops, builds & delivers proprietary products with emphasis on unique function and high design. More information on CrowleyJones™ be can found at [ www.crowleyjones.com ]

About Solutions Group Corp: Solutions Group (SGI) 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.

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.