Thursday, July 21, 2011

Huge News Please Read!

WEST PALM BEACH, Fla., July 21, 2011 -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV)  today announced that it has signed a Definitive Agreement to acquire medical and surgical supply company SurgLine, Inc. ("SurgLine").  Pursuant to the terms of the Agreement, China Nuvo Solar ("Company") would acquire one hundred percent of the outstanding common stock of SurgLine. The closing of the transaction is subject to customary closing conditions including among other things, the completion of the schedules, the certified audit of SurgLine, accompanying due diligence as well as any necessary approvals.  The parties believe the transaction will close by August 31, 2011. Further details of the agreement will be released in the near future. The Company will continue to trade under the stock ticker "CNUV" with SurgLine becoming a wholly owned subsidiary of the Company, upon the completion of the transaction
Industry experts estimate the healthcare sector consumes over 16% of the economy and is growing, combined with the 70 million baby boomers that have entered or will be entering retirement age putting additional pressure on the healthcare system.
"This acquisition of SurgLine is an exciting opportunity for the Company and is part of our strategy to increase shareholder value.  The SurgLine business model is to help reduce costs in healthcare by providing high quality medical and surgical products for a significantly lower cost, thereby reducing the historical brand premium markup being paid by healthcare end users, including hospitals, outpatient surgery centers, medical clinics and physicians," stated Henry Fong, CEO of China Nuvo Solar Energy.
"SurgLine's business model is to become the value leader in high quality, low cost surgical products. Our signature product line, Surg, is designed to be of equal or better quality, than national brands. We sell products through our established distribution network and institutional buyers through key industry relationships.  Our management team has over 100 years of healthcare experience and has built and developed signification relationships with distributors, institutional buyers and global manufacturers.  We believe our sourcing and competitive advantage is based on our years of international business relationships with nearly 200 worldwide manufacturers.  This allows us to source high quality, high volume, high margin products and pass the cost savings to our customers," commented Tom Toland, CEO and Founder of SurgLine.

About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality medical products at discount prices, thereby reducing the historical brand premium paid by healthcare providers. SurgLine offers medical and surgical supplies and products at substantial savings through stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup. SurgLine's management team is well-respected and experienced in the healthcare industry.

China Nuvo Solar Provides Update on Freya Energy Transaction

WEST PALM BEACH, Fla. -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV)  announced today developments with the previously announced Freya Energy, Inc. acquisition. The parties have mutually agreed to terminate further discussions regarding any possible transaction. The parties acknowledge that since the time period for the letter of intent has expired, each party has no obligation to the other and both may move forward with their individual plans.

Wednesday, March 9, 2011

REVERSE MERGER NEWS!

China Nuvo Solar Announces Plans to Acquire Lithium Ion Battery Manufacturer Freya Energy Inc.

China Nuvo Solar Energy, Inc. (OTCBB: CNUV) today announced plans to acquire lithium ion battery company Freya Energy Inc. (“Freya”). The parties have executed a non-binding Letter of Intent (“LOI”) and are moving toward the signing of a definitive agreement over the next sixty days. Pursuant to the terms of the LOI, China Nuvo Solar would acquire one hundred percent of the outstanding common stock of Freya. Further details of the agreement will be released in the near future. The Company will continue to trade under the stock ticker “CNUV” with Freya becoming a wholly owned subsidiary of the alternative energy parent. Industry experts forecast the lithium battery market to triple from current levels of $11-13 billion to over $40 billion by 2015-2020. Historically, the lithium ion battery market has been principally 90% consumer related, however newer diversified applications including non-automotive vehicle propulsion, defense applications, and electrical storage systems ("ESS") are expected to be the new growth drivers.

"This potential acquisition of Freya Energy is the first in the series of planned steps in executing our business model and becoming a meaningful player within the renewable energy space. We believe Freya is an exciting opportunity for the Company and is part of our roll-up strategy to increase shareholder value. Freya is on the cusp of commercialization in a fast growing segment of the renewable energy sector that we believe offers unique advantages over similar technologies," stated Henry Fong, CEO of China Nuvo Solar Energy.
"This transaction is a logical next step in our commercialization efforts that we believe offers Freya the accessibility to the capital markets thereby allowing us to accelerate our path to market entry," commented Richard Fox, CEO of Freya.
Closing of the transaction is subject to customary conditions including, among other things, the negotiation and execution of definitive agreements as well as the approval of both companies' boards of directors and any necessary stockholder or regulatory approval.

About Freya Energy
Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.
Freya's technology is protected by patent filings, ready for manufacture and requires no additional research and development. Freya has developed a commercialization plan for rapid market entry. Its personal relationships with known and established customers, positions the company for timely sales in the United States and Europe. Subject to initial funding and satisfactory prototypes, Freya has several million dollars in letters of intent that can be converted to purchase orders.
Freya has an experienced management and technical team led by well-respected innovators in battery technology.

About China Nuvo Solar Energy
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.

Friday, March 4, 2011

China Nuvo Solar Energy Updates Strategic Acquisition Activities

WEST PALM BEACH, Fla. China Nuvo Solar Energy, Inc. (OTCBB:CNUV.ob - News), a development stage company in the renewable energy sector, announced today that after review of several acquisition opportunities the Company has narrowed its focus and is performing due diligence on two specific companies in the renewable energy sector. The Company's principal focus is on companies that are revenue or near-revenue producing and those that have a market-ready product.
"We have identified a couple of exciting opportunities, either of which we believe could benefit the Company and its shareholders. Based on our due diligence to date, we are moving expeditiously toward a more formal relationship with one or both of these companies and hope to have further news in the near future," stated Henry Fong, CEO of China Nuvo Solar Energy.
While the Company is currently evaluating potential acquisition candidates, no agreements have been reached and there are no guarantees a transaction will be consummated.
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

Thursday, March 3, 2011

Interesting article found on the web! Please read

 Alex Hoff, 13, Buys His First Penny Stock, Instantly Doubles His Money With China Nuvo Solar Energy! (CNUV.OB)


First of all, since my son Alex, 13, is a minor, he doesn't "own" any stock except through his parents. But a couple of weeks ago Alex took his "North Minneapolis savings"--about $80 in a bank account--and instead of spending the money on video games he bought 40,000 shares of penny stock in a company called China Nuvo Energy. (CNUV)

The company owns a patent-pending invention for a solar cell which is both more efficient than other solar cells and, it appears, can be manufactured cheaply. (For example, the lens is glued on) The devastating Chinese earthquake knocked this company's value into the basement, but they are making moves lately, trying to claw their way upward and produce value for their stockholders.

In that way I feel an affinity with the stock. I say to myself, "This stock is like my neighborhood. Right now, you can buy in for pennies on the dollar but we have unlimited potential."

When Alex bought the stock, with a little help from his dad, it was priced at about .0020 but not very long after that, the stock rocketed up to .0066. Currently, it is holding at around .0040 which means Alex has doubled his investment, turning $80 into $160. Rumors are flying about a pending "reverse merger" and suddenly millions of shares are changing hands. Word is high volume is usually an indication of something big in the works.

Not having any money which doesn't need to go toward bills, I still found a way to invest so I could be in the venture with my son

I had an old 403(b) account from back in the day when I worked for a non-profit psychiatric facility in Seattle. I haven't added so much as a buck to that 403(b) since I left Seattle in early 2000 for a difficult, uncertain existence trying to be near my child and part of his life. There was about $1,700 in the 403(b) but I can't get at that money until I am 59 and a half.

No, I couldn't get at the money. But I could convert the 403(b) into a Roth IRA and put all the money--every blessed penny--into China Nuvo Solar Energy. And that's exactly what I did. Currently, I own 377,977 shares (including my son's 40,000 shares) and win, lose or draw I don't plan to sell those shares for a long, long time. (Of course, Alex can do what he likes with his 40,000 shares when he turns 18; I put them in an account separate from my Roth IRA)

What I especially like about this stock is that it's 100 percent alternative energy. As an environmentalist, I prefer to have my investment money (what little there is!) in alternative energy stock rather than, for example, earth-raping stocks. (Weyerhauser...cough cough)

One reason I am writing about this is to explain why readers may see links to China Nuvo Solar Energy appearing at the end of blog posts. My recent experiment with Amazon Dot Com advertising has been a failure, producing not even a penny of revenue. If anybody asked me about putting Amazon Dot Com ads on their site I would say "Forget it. Don't even bother."

My Google ads produce about a hundred bucks every six months--not a big deal, but it beats a poke in the eye with a sharp stick--and I think advertising gives any blog a more "official news source" appearance.

But here's what I'm going to do for a little while. I'm going to promote China Nuvo Solar Energy. And I've been up front about the reason why: I own stock in the company. In fact, it's the only kind of stock I own.

Well, actually, I think I have some soup stock in my cupboard.

But beyond that I believe in the company, in the idea of making a better solar cell and getting solar power to catch on and replace fossil fuels. Maybe this won't be the ultimate and perfect solar cell for all time, but it sounds like a pretty good solar cell for the next few decades.

Or maybe I just love bragging about my son and the fun we have in North Minneapolis. We sat in Broadway Pizza as the toy train went around, got on the internet, talked about the stock idea and then said...

Let's do it. Let's put money in China Nuvo Solar Energy.


Article Source- adventuresofjohnnynorthside.blog

Sunday, February 20, 2011

New Press Release

The rumors have been flying that CNUV.OB is a Reverse Merger candidate and the new press release only seems to confirm the rumors. The recent run-up in the share price along with the unusually high volume this stock has been experiencing also points the way.

China Nuvo Solar Energy Reviewing Strategic Acquisition Candidates to Enhance Shareholder Value

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

Thursday, January 13, 2011

China Nuvo Solar Energy Begins Debt Restructuring

China Nuvo Solar Energy (OTCBB:CNUV)
Today : Monday 10 January 2011
China Nuvo Solar Energy, Inc. (OTCBB: CNUV) announced today that it has begun a restructuring of its debt. At this time, over $500,000 of debt has been converted to common equity. The Company is taking this action to de-leverage the balance sheet in preparation to pursue other business opportunities.

The Company is presently reviewing several potential new business opportunities and is in preliminary discussions, however no agreements have been reached.

China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology.