Solutions Group, Inc. Announces Introduction of Managed Services for idrive Customers
March 02 2010 - 9:00AM
Marketwired
Solutions Group, Inc. (PINKSHEETS: SOLU) announced today that its
subsidiary idrive Monitoring Systems, srl, will begin offering
Managed Services for its VEDR camera.
Beginning April 1, customers of idrive monitoring systems can
opt for the new idrive service to process, review and determine the
severity of an event that comes from the customers' in-vehicle
recordings. Utilizing two offshore locations, and beginning with 25
direct employees, idrive is well positioned to offer this initial
service. Pricing has not been set but is expected to be in the
$20-$30 per camera per month range. "With nearly a third of our
customers asking for this service, it was only natural that we add
it to our product offering. In addition, this fits very well with
our business model as it creates a recurring revenue stream, at the
same time as it simplifies our clients' use of idrive," stated
Stefan Dragomir, President of idrive Monitoring Systems, srl. Based
on visibility, idrive expects this service to add up to 3 million
dollars in Revenue to 2010.
More information can be found about the idrive product online at
www.idrive.pro.
About Solutions Group, Inc.: Solutions Group, Inc. 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-20100302/
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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 StockProfiler.US LLC Jay Hughes COO +1 603-424-4420
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