ANAHEIM, Calif., Feb. 28, 2006 (PRIMEZONE) -- The Solvis Group, Inc. (Pink Sheets:SLVG), a subsidiary of Dalrada Financial Corporation (OTCBB:DRDF) and a provider of staffing solutions to small and medium size businesses, today announced its financial results for the first quarter ended December 31, 2005. The Solvis Group had revenues of $16.5 million and net income of $1.1 million, which were included in the consolidated results reported by Dalrada for its second quarter available for review at www.sec.gov.
"We are pleased to announce these results and believe we are on track to meet our business goals for the fiscal year. We believe that our financial numbers demonstrate that our business plan is being successfully implemented," said Brian Bonar, CEO. "Revenues have continued to increase on a quarter-by-quarter basis," he added.
About The Solvis Group:
The Solvis Group (Pink Sheets:SLVG), a subsidiary of Dalrada Financial Corporation (OTCBB:DRDF), includes a number of operating units, including M&M Nursing Services and CallCenterHR(tm). The Company provides a variety of staffing services to businesses, including comprehensive human resource administration, payroll services, workers compensation and risk management insurance, and employee benefits such as health insurance, supplemental insurance, HSA plans, 125 cafeteria plans, and 401(k) plans.
The Company also includes an imaging products and services unit, Imaging Tech, Inc., which provides a variety of innovative products and services associated with graphics, photography, and color management. Its technologies include ColorBlind(r) software and PhotoMotion Images(tm). For more information visit The Solvis Group websites at: www.thesolvisgroup.com, www.mandmnursing.com, www.colorvisuals.com and www.color.com.
About Dalrada Financial Corporation:
Dalrada Financial Corporation provides employer business solutions to small to medium-size businesses. The Company assists clients in providing a wide variety of management and employee programs that increase business efficiency. These include: payroll and human resources support, staffing, employee benefits, risk management insurance (including workers' compensation and business liability), financial management, and other business management products and services.
Information on the Dalrada family of companies is available at: www.dalrada.com, www.thesolvisgroup.com, www.mandmnursing.com, www.colorvisuals.com and www.color.com.
Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.