News last night on SAGE,,,,
Monday December 20, 9:00 pm Eastern Time
Company Press Release
SOURCE: Solomon Alliance Group, Inc.
Solomon Alliance Group, Inc. Commences Merger Discussions
ALPHARETTA, Ga., Dec. 20 /PRNewswire/ -- Solomon Alliance Group, Inc. (OTC Bulletin Board: SAGE - news) d.b.a. Knowledge2Go together with its wholly owned subsidiary, Visual Link Wireless, Inc. (collectively, ''Solomon''), wishes to announce its recent decision to enter into serious merger discussions with no fewer than two private companies that, upon completion, would significantly increase Solomon's asset base and revenue stream. Mr. Tom Weston, President and CEO, said, ''Our goal is to enter into a business combination with an attractive private company which will result in an increased valuation per share in both the near and long term, based on both a balance sheet and a going concern analysis.''
During the third quarter and fourth quarters of this year Solomon has considered other possible merger candidates but most recently Solomon has identified and commenced dialogues with two prospective merger partners. Mr. Weston said, ''We are optimistic regarding our current discussions with these particular companies and have already initiated a detailed due diligence process with them. Certain significant concessions by principal shareholders have been worked out and together with an appropriate recapitalization, will make such a merger possible.''
Mr. Weston added, ''Knowledge2Go is entering into an exciting new growth phase in the rapidly expanding wireless data market, partly due to our recent merger with MPTG Communications. With our continuing focus on custom integrated wireless Internet products and services Knowledge2Go is positioning itself to become a premier Wireless Data Solutions Provider for both the business to business and personal use markets.''
CONTACTS:
Tom Weston, President & CEO
Solomon Alliance Group, Inc.
Visual Link Wireless, Inc.
P.O. Box 2904
Alpharetta, GA 30023
Website: www.K2Go.com
INVESTOR RELATIONS:
Liberty One Communications
Toll Free (877) 232-3331
SAFE HARBOR Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE: Solomon Alliance Group, Inc.
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