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