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.
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