Business
Searchlight Solutions Announces Future Business Direction & Acquisition Goals
Searchlight Solutions Announces Future Business Direction & Acquisition Goals.
About this update from Searchlight Solutions
[{"type":"text","content":" Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable\t{mso-style-name:\"Table Normal\";\tmso-tstyle-rowband-size:0;\tmso-tstyle-colband-size:0;\tmso-style-noshow:yes;\tmso-style-priority:99;\tmso-style-qformat:yes;\tmso-style-parent:\"\";\tmso-padding-alt:0in 5.4pt 0in 5.4pt;\tmso-para-margin-top:0in;\tmso-para-margin-right:0in;\tmso-para-margin-bottom:10.0pt;\tmso-para-margin-left:0in;\tline-height:115%;\tmso-pagination:widow-orphan;\tfont-size:11.0pt;\tfont-family:\"Calibri\",\"sans-serif\";\tmso-ascii-font-family:Calibri;\tmso-ascii-theme-font:minor-latin;\tmso-fareast-font-family:\"Times New Roman\";\tmso-fareast-theme-font:minor-fareast;\tmso-hansi-font-family:Calibri;\tmso-hansi-theme-font:minor-latin;}(Atlanta,Ga.) Searchlight Solutions Ltd. (SLLN:PK)is a technology venture holding company focused on providing businessdevelopment and high level management services for early stage technologycompanies who are pursuing the benefits of the public marketplace. The pursuitof this business model required Searchlight to locate appropriate acquisitiontargets with viable revenue models that are in need of these services. The first ofthese acquisitions was Midtech Holdings which was later renamed SearchlightScientific Inc. and designated as the operating entity for ongoing business.Secondly, Searchlight Solutions and subsidiary Searchlight Scientific signed aletter of intent to acquire a controlling interest in Linux Labs InternationalInc. The letter of intent was executed by the parties in the fourth quarter of2010 with definitive agreements currently in final negotiation. SearchlightSolutions will benefit through consolidation offinancials while building their “in-house” technology support team from within.SearchlightSolutions will continue to pursue suitable candidates for acquisition who arein need of their services that will increase the overall value of the company.It is anticipated that this will include several acquisition offers over thenext twelve to eighteen months.SearchlightSolutions will also begin establishing a high-tech consultancy to furtherassist with the evaluation of the validity of up and coming technologies. About Us: Searchlight Solutions Ltd.(SLLN:PK)is a publicly traded technology venture holding company that provides businessdevelopment and hi...