
Searchlight Solutions Announces Future Business Direction & Acquisition Goals
Searchlight Solutions Ltd. is a research venture holding company focused on providing business development and high level management services for early stage innovation companies who are pursuing the benefits of the public marketplace. The pursuit of this business model required Searchlight to locate appropriate acquisition targets with viable revenue models that are in need of these services.
The first of these acquisitions
The first of these acquisitions was Midtech Holdings which was later renamed Searchlight Scientific Inc. and designated as the operating entity for ongoing business. Secondly, Searchlight Solutions and subsidiary Searchlight Scientific signed a letter of intent to acquire a controlling interest in Linux Labs International Inc. The letter of intent was executed by the parties in the fourth quarter of 2010 with definitive agreements currently in final negotiation.
Searchlight Solutions will benefit through consolidation of financials during building their "in-house" innovation support team from within.
About Us: Searchlight Solutions Ltd.(PINKSHEETS: SLLN) is a openly traded innovation venture holding company that provides business development and high level management services for early stage innovation companies who are pursuing the benefits of the public marketplace.
Search Light Scientific Inc. is a at once generation data services company focusing on developing and growing cloud based solutions to solve tomorrows computing challenges. Searchlight Scientific is a wholly owned subsidiary of Searchlight Solutions.
Linux Labs International Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing. Linux Labs designs and builds high-performance supercomputers utilizing their proprietary NimbusOS". Linux Labs is responsible for developing some of the most innovative Linux based technologies today and they remain on the forefront of secure operating systems, database development and search engine functions.
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