BUCHAREST, Romania ( 12PressRelease ) October 23, 2009 idrive Monitoring Systems SRL, a subsidiary of Solutions Group Inc., (SOLU.PK) announced today that it has signed a memorandum of understanding with A-1 Limousine of Princeton, New Jersey. Under the agreement, A-1 will purchase 240 units of idriveâ€˜s X1 Video Event Recorder and supporting hardware and software. The agreement calls for the sale to close in the fourth quarter and is valued at more than $120,000.
Ã¢â‚¬Å“After recently announcing that it is moving forward with its first production run, idrive is now announcing it first sale. The sale for over $120,000 is the first of many to come. At the TLPA (Taxicab, Limousine and Paratransit Association) show in Las Vegas, idrive was very successful in drawing attention to its products and is pursuing several other large sales to be announced soon,Ã¢â‚¬ Stated Sean Oâ€˜Neill, Solutions Group, CEO.
Ã¢â‚¬Å“We are very pleased to be partnering with such an established, well-managed fleet of this size,Ã¢â‚¬ remarked Stefan Dragomir, president of idrive. Ã¢â‚¬Å“A-1 Limousine is an innovative industry leader, not only in New Jersey but throughout the United States. They are well-respected by their peers, have a wonderful client base of many Fortune 500 companies, and are renowned for their employee safety and training programs,Ã¢â‚¬ Dragomir said, adding: Ã¢â‚¬Å“This is a big victory for us.Ã¢â‚¬
Ã¢â‚¬Å“After extensive review of the products on the market, idrive easily demonstrated they were the best camera, and they are affordable too! It is a great product and A-1 Limousine is excited to partner with idrive to further improve our excellent claims history and establish an enhanced driver behavior modification program along with increasing the efficiency of our operation,Ã¢â‚¬ said Jeff Starr, president of A-1 Limousine.
More information on idrive can be found at http://www.idrive.pro and http://www.solutionsgroupcorp.com.
About Solutions Group Corp:
Solutions Group (SGI) is an international provider of Managed Engineering Services and Product Development. 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. SGIâ€˜s idrive subsidiary produces and sells mobile dual lens surveillance cameras. 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. SGIâ€˜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, Ã¢â‚¬Å“believes,Ã¢â‚¬ Ã¢â‚¬Å“expects,Ã¢â‚¬ Ã¢â‚¬Å“anticipates,Ã¢â‚¬ Ã¢â‚¬Å“intends,Ã¢â‚¬ Ã¢â‚¬Å“estimates,Ã¢â‚¬ or similar expressions.
Forward-looking statements relating to expectations about future results or events are based upon information available to The Company as of todayâ€˜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.
This press release submission was paid for by one or more of the companies mentioned within.
For more information, visit http://www.solutionsgroupcorp.com.
Solutions Group, Inc.
Contact: Kim Carroll
Title: Managing Director
8-10 Hatmanul Arbore
Sector 1, Bucharest 011601