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Searchlight Solutions Provides Shareholder Update; Management Optimistic on Future of Cloud Computing Industry

June 8, 2011 - ATLANTA, GA

Searchlight Solutions (PINKSHEETS: SLLN) management is confident and optimistic about the future of the cloud computing industry and believes there is a tremendous opportunity ahead for its Searchlight Scientific HPC cloud computing business. Specifically, the Company provides the following industry news as sources for its optimism:

Furthermore, the Company is proud to state to its shareholders that it feels the following recent accomplishments have laid a solid foundation to build its HPC cloud business on:

Completed acquisition of high-performance computing ("HPC") company, Linux Labs International Inc.

Linux Labs International Inc. is a seven-year-old company that designs and builds high-performance supercomputers utilizing their proprietary Nimbus OS™. Linux Labs is a revenue generating company that is launching a new cloud based solution for the HPC marketplace. This will form the foundation for Searchlight's cloud computing business.

Completed development for the prototype of their cloud based secure storage solution which is a component of the Linux Labs Indigo file system.

Upon completion this development will give Linux Labs competitive advantages in the Cloud Storage arena because the efficiency of data handling is substantially increased when login data is handled in this manner.

Recently signed strategic alliance agreement with Relify Security, LLC.

This alliance is for Searchlight Scientific and Relify Security to co-develop a next generation file system architecture for securing customer data in Cloud environments.

Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.

Searchlight Scientific is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrow's computing challenges.

Linux Labs International Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing. Linux Labs designs and builds high-performance supercomputers utilizing their proprietary NimbusOS™.


Forward-Looking Statements: The statements in this press release or on the Company's website and any other statements relative to the Company, which are not historical facts, are forward-looking statements -- that is, statements related to future, not past, events. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. Such statements are based on the current expectations and certain assumptions of the Company's management, and are, therefore, subject to certain risks and uncertainties, including but not limited to, costs and difficulties related to the state of the Company's current operations, applicability of the Company's technology, costs, delays, and any other difficulties related to the Company's business plan, the company's sources of liquidity, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, marketability of the Company's products and services, and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. A variety of factors, many of which are beyond the Company's control, affect the Company's operations, performance, business strategy and results and could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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