Business & Finance
Business and Finance
Business and Finance 
Tue, November 24, 2009
Mon, November 23, 2009
Solutions Group, Inc. Announces Contract With National Interstate Insurance
SANTA BARBARA, CA--(Marketwire - November 23, 2009) - Solutions Group, Inc. (
National Interstate Insurance Company, a leader in the transportation insurance industry, is a wholly owned subsidiary of National Interstate Corporation, and is a specialty property and casualty insurance holding company with a niche orientation and focus on the transportation industry.
Curt Andrews, President of Tranzportek, LLC an idrive distributor, stated, "This contract is the largest single sale we've had to date, and is a huge win for us. National Interstate is at the heart of our target market, and further establishes idrive as an industry leader for event data recording devices." Mr. Andrews further explained that the devices are in demand by fleet insurance companies because they have been proven to reduce accident rates.
The idrive X1 camera is the lowest cost, dual lens, high definition Event Data Recorder on the market, and currently the only crash and behavior modification device authorized for installation in Taxi Cabs in Seattle, WA. The X1 utilizes a 3 axis accelerometer, incorporates GPS mapping information, and transmits data wirelessly so fleet owners can monitor driver behavior through idrive's proprietary software platform. More information on the product can be found at [ www.idrive.pro ].
National Interstate was founded in February 1989, with an initial focus on providing passenger transportation insurance primarily to large fleet operators, and currently offers insurance products through multiple distribution channels including independent agents and brokers, affiliated agencies and agent Internet initiatives. More information about the company can be found at [ www.nationalinterstate.com ].
View this release in video format: [ http://www.vodnewswire.com/vodnewswire/news/solutionsgroup-20091123/ ]
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.