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
