Searchlight Solutions Acquires ``Digital Detectives'' Searchlight Systems Ltd.Business Editors & Legal/High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--July 23, 2003 Searchlight Solutions and Services Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :SLLN SLLN Strong Law of Large Numbers (probability theory) ) ("SLLN") today announced that it has closed on its transaction to acquire 100% of Searchlight Systems Ltd. SLLN has forwarded $500,000 to its new 100%-owned subsidiary Searchlight Systems Ltd. (www.searchlight.ca). SLLN is also issuing 17,695,000 common shares to Triumph Case Management Ltd. Triumph Case Management Ltd. now controls SLLN. Effective immediately, Mr. Brent Nelson has resigned as an officer and a director of SLLN, and also effective immediately, Mr. Gary Procknow has been appointed as the Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Director of SLLN and Mr. Rick Green has been appointed Vice-President of Development and also a Director of SLLN. Mr. Procknow and Mr. Green are also controlling shareholders and founders of Triumph Case Management Ltd. Mr. Procknow and Mr. Green are the original founders and developers of Searchlight(TM). Searchlight Systems Ltd. (www.searchlight.ca) specializes in the implementation of digital evidence and document management services, using proprietary Searchlight(TM) software. The Searchlight(TM) software is used to organize massive amounts of evidentiary ev·i·den·tia·ry adj. Law 1. Of evidence; evidential. 2. For the presentation or determination of evidence: an evidentiary hearing. Adj. 1. and disclosure documentation associated with complex legal cases. Searchlight Systems Ltd. was recently featured in a front-page article in the Business Section of the Vancouver Sun entitled "Firm Lights Up Legal Chaos." In this article, the Vancouver Sun reported that "Searchlight had been chosen by the defense teams in the Air India Air India (formerly Air-India, Hindi: एअर इंडिया) is the national flag carrier of India with a worldwide network of passenger and cargo services. Trial to provide the tools and services to help manage the massive amounts of Crown Disclosure distributed for this case. Almost a million pages of documents are involved." The Sun also went on to say "the Air India Trial is expected to be the longest and most complex case in Canadian history." Being chosen to work on this enormous case is a tribute to Searchlight's tremendous expertise and product versatility. Searchlight's client list is growing in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. even more quickly than in Canada, and the company has even been asked to take on cases in Europe. Searchlight has recently opened an office in Toronto, and acquired a related business and opened an office in Seattle, Washington The reason for its protection is listed on the protection policy page. . Searchlight is involved as a service provider in the class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax against the Directors of Enron. The Searchlight(TM) software is being used to extract information from a mammoth Texas-based digital library that contains 40 million potentially pertinent documents. Searchlight presently employs over eighty people and is growing rapidly through acquisition and internal growth. We are very pleased to acquire a company that is in such an exciting time in their growth and development. For more information on Searchlight Systems, please go to the company's website at www.searchlight.ca. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties. |
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