MANDEVILLE, La., Sept. 27, 2005 (PRIMEZONE) -- Crosspoint Group, Inc. (Pink Sheets:CPGP) today announced that it has issued a Letter of Intent (LOI) for distributorship and strategic partnership with Lectrique Solaire, LLC, (Lectrique).
Crosspoint and the Lectrique are negotiating terms and conditions of a distribution agreement under which Crosspoint will distribute various Lectrique products, including but not limited to purchase, design and manufactured solar photovoltaic and thermal energy products.
Crosspoint, through its subsidiary Crosspoint Solar, Inc., will develop the strategic marketing needed to distribute various supplier products (i.e. all thermal and photovoltaic power systems needs, solar panel power systems for commercial and residential needs, net metering with solar generated power, lighting products using LED systems, HID lighting powered by solar, water pumping products/underground and above ground AC and DC systems and other various products that are needed with industry).
Crosspoint, through its other subsidiary Crosspoint Media Services, Inc., is a multi-platform product developer and marketer centered on information technology and secures information transfer services. Crosspoint is currently marketing HIPAA (Health Insurance Portability and Accountability Act) compliant software and flash drive that provide a secure 192 bit encrypted and portable medical records exchange service.
About Crosspoint Group, Inc.
Crosspoint Group, Inc. provides marketing and distribution services on expansion-stage clean technology enterprises, which present compelling risk-return profiles. These technologies significantly lower costs to customers and improve profitability. The company's focus includes advanced secure information systems and energy. It comprises multi-billion dollar markets, with numerous segments growing at 15-20 percent annually.
Forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of CPGP's products, increased levels of competition, new products and technological changes, CPGP's dependence on third-party suppliers.
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