Tuesday March 14, 10:03 am Eastern Time
Company Press Release
SOURCE: Solomon Alliance Group, Inc.
Solomon Alliance Group, Inc. Acquires Madison Holdings, Inc. And Becomes Fully Reporting
ALPHARETTA, Ga., March 14 /PRNewswire/ -- Solomon Alliance Group, Inc. (OTC Bulletin Board: SAGE - news, SAGEE - news) d.b.a. Knowledge2Go together with its wholly owned subsidiary, Visual Link Wireless, Inc. (collectively, ``Solomon'), announced today that the Company has entered into a stock exchange agreement with Madison Holdings, Inc. (``MHI') under which Solomon acquired MHI, a fully reporting and SEC registered company.
In connection with the stock exchange, Solomon elected successor issuer status to become a fully reporting company under Rule 12g of the 1934 Securities Exchange Act. Today, the Company is filing a Form 8-K with the SEC, which provides more information on the stock exchange. The Form 8-K filing, which is expected to be available through the SEC's EDGAR system at www.sec.gov, is Solomon's initial filing as a fully reporting company. The Company expects that its trading symbol will revert back to SAGE within the next 48 hours. Under the new rules for continued listing on the Bulletin Board, companies are required to become and remain fully reporting and Solomon intends to complete all future required filings on a timely basis.
``Our status as a fully reporting company should permit us to remain publicly traded and emphasizes our intention to keep investors informed about our operations. This represents an important milestone for the Company and will assist in generating greater market interest from both the domestic and international financial communities,' said Tom Weston, President and CEO of Solomon. ``Also, Solomon is currently in serious business combination discussions with other companies that would significantly increase Solomon's asset base and revenue stream. Assuming completion of such business combinations and meeting the necessary requirements, the Company intends to apply for inclusion on the NASDAQ Small Cap Issues List.'
Solomon, under the Knowledge2Go brand, is positioning itself to become a premier Wireless Data Solutions provider for both the business to business and personal use markets with a continuing focus on custom integrated wireless Internet products and services.
``Safe-harbor' statement: Certain statements in this release are intended to be ``forward-looking' statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.
CONTACTS: Tom Weston, President & CEO of Solomon Alliance Group, Inc. P.O. Box 2904, Alpharetta, GA 30023, Website: www.K2Go.com; or INVESTOR RELATIONS: Liberty One Communications, Toll free (877) 232-3331
SOURCE: Solomon Alliance Group, Inc.
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