China Nuvo Solar Energy Reviewing Strategic Acquisition Candidates to Enhance Shareholder Value
February 18 2011 - 7:00AM
Business Wire
China Nuvo Solar Energy, Inc. (OTCBB:
CNUV), a development stage company in the renewable energy
sector, announced today that it is actively seeking strategic
acquisition candidates within that sector offering opportunities to
enhance the Company's intellectual property portfolio and build
lasting shareholder value.
"As part of our business plan and growth strategy, we are
presently targeting acquisition opportunities that would fit
synergistically with our current intellectual property portfolio in
the renewable/clean energy sector. We believe an acquisition of
this nature will allow China Nuvo Solar to finally gain traction
within our sector with the potential to add top line revenue and a
view toward increasing shareholder value," stated Henry Fong, CEO
of China Nuvo Solar Energy.
The Company is currently evaluating several potential
acquisition candidates. Although no agreements have been reached
and there are no guarantees a transaction will be consummated, the
Company is in discussions it believes could lead to at least one
transaction opportunity.
China Nuvo Solar Energy, Inc. is a development stage company
that owns unique patent pending solar and photovoltaic related
technology. The Company's business model includes a roll-up
strategy of clean energy companies and intellectual property within
the renewable energy sector. More information can be found at the
Company's website www.chinanuvosolar.com
This press release may include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are based on the Company's current expectations as
to future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.