Boston, MA -- Solutions Group, Inc. (PINKSHEETS STOCK SYMBOL: SOLU) recently announced to investors that its subsidiary idrive Monitoring Systems has begun full production and shipping of its idrive X-1 Video Event Data Recorders (VEDR) to more than 20 clients across several vertical markets in the United States and Mexico. These initial orders total in excess of 1,000 VEDRs and leverage additional units in excess of 2,000 more over the quarter.
Stefan Dragomir, President of idrive, stated, "This is a historic day in the VEDR marketplace. We have studied the marketplace for over two years and consulted with hundreds of existing VEDR users. Using their input, we have designed the most cost-effective, technologically advanced VEDR in the world today. Now in mass production we are delivering this solution. We have succeeded in bringing to market a VEDR with the best cost-benefit analysis in this multi-billion dollar industry."
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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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