Friday, December 17, 2010

China Nuvo Solar Energy to Seek Other Business Opportunities in Effort to Enhance Stockholder Value

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- China Nuvo Solar Energy, Inc. (OTCBB: CNUV) announced today that it is exploring new business opportunities and evaluating other strategic options with a view toward increasing shareholder value.
While no contracts or agreements have been signed, the Company intends to investigate any opportunities that may arise with respect to new business ventures either within or without the Company’s current business operations.
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology

Monday, March 22, 2010

New 10Q out Today.

Interesting Paragraph:  Over the next twelve months management will be re-examining its business plan. We do not intend to enter into any additional direct development of our technology. Rather, we plan to become an incubator of the solar technology we currently own and technology that we may acquire in the future. We currently do not have any agreements to acquire any additional technology. In order to acquire additional technology we would either have to raise additional money through equity or debt financing or in the alternative issue shares of our common stock. We intend to study the feasibility of sub-licensing or entering into other types of agreements with third parties, whereby the third party will compensate us by paying a license fee and subsequent royalties. The compensation may be in the form of cash or in the licensee's common stock. Through our established relationships we plan to focus on the identification, acquisition and potential license or resale of renewable and alternative energy technologies.

Licensing fees are Good, Very Good!