Solutions Group Inc. Announces Partnership With ARI Insurance
December 02 2009 - 4:00PM
Marketwired
Solutions Group, Inc. (PINKSHEETS: SOLU) and its subsidiary idrive
Monitoring Systems announced a partnership with ARI Insurance
Company, one of the largest insurance companies in New Jersey
supplying commercial and fleet auto insurance. Under the agreement,
ARI, who specializes in commercial automobile insurance, has agreed
to purchase multiple idrive X1 cameras to supply to their clients
over an extended period of time. To cement the relationship, ARI
has placed an initial substantial order.
J. Tucker Ericson, ARI's Senior Vice President, stated, "A
partnership with idrive demonstrates ARI's commitment to safer New
Jersey roads and long-term profitable relationships with our
customers."
The technology in the idrive X1 has been proven to reduce
accident rates, and has been well received by the insurance
industry as a whole. ARI is the seventh insurance company to buy
into the idrive product line.
Ericson, who was honored as the PIANJ Insurance Company Person
of the Year for 2009, continued, "idrive gives our insured the
tools they need to run a more efficient fleet during these tough
economic times."
Stefan Dragomir, President of idrive, stated, "ARI is very well
respected in the industry, and we are excited to be working with
them. This partnership further demonstrates the success of our
business model to create mutually beneficial relationships with
major insurance companies to lessen the financial impact of
deploying idrive cameras for fleet owners. These insurance
companies recognize that installing idrive cameras in fleet
automobiles will result a reduction in accident frequency, and
therefore claims dollars paid out."
ARI was recently rated number one in a Professional Insurance
Agents of New Jersey (PIANJ) Company Performance Survey, and is one
of the ten largest commercial automobile carriers in New Jersey,
represented by over 130 independent agents. More information on ARI
can be found at www.ari-ins.com.
More information can be found about the idrive product online at
www.idrive.pro.
About Solutions Group:
Solutions Group is an international provider of Managed
Engineering Services. 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. 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.
For more information please visit our website at:
www.solutionsgroupcorp.com
View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/solutionsgroup-20091202/
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World Market Media will consistently release breaking news and
content updates on Solutions Group at:
www.WorldMarketMedia.com/SOLU
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.
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Contact: Solutions Group, Inc. Kim Carroll Investor Relations +1
949 630 9831 World Market Media, Inc. Executive Editor +1 877 801
8408 editor@worldmarketmedia.com
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