SOLU's idrive Monitoring Systems Announces Major Sale Of Its X1 Video Event Recorder
Released
on: October 15, 2009, 10:50 am
Author:
Solutions Group, Inc.
Industry: Electronics
idrive Monitoring Systems SRL a subsidiary of Solutions Group,
Inc., (SOLU.PK) announces their new relationship with A-1 Limousine
services and their first $100,000 plus commitment to purchase of the
idrive’s X1 Video Event Recorder.
BUCHAREST, Romania, Oct. 15 -- 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 idrive’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.
“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,” Stated Sean O’Neill,
Solutions Group, CEO.
“We are very pleased to be partnering with such an established, well-managed fleet
of this size,” remarked Stefan Dragomir, president of idrive. “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,”
Dragomir said, adding: “This is a big victory for us.”
“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,” said Jeff Starr, president of A-1
Limousine.
More information on idrive can be found at www.idrive.pro and
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. SGI’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. 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.
This press release submission was paid for by one or more of the companies mentioned
within.
For more information, visit www.SolutionsGroupCorp.com.
Contact Details: Solutions Group, Inc.
Kim Carroll
949-630-9831
Company Headquarters:
8-10 Hatmanul Arbore
Sector 1, Bucharest 011601
Romania
2025
