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okay 3 million share lot went through at .0019 under the bid of .002 then immediately posted another 3 million share lot at .002 SEC should be put in jail for letting this manipulation go on lol
3 million share lot just sold at .0019 under the .002 bid manipulation city here criminal
500,000 share lot just went through at .0021 under the bid again. wow bid at .0022
MM's stalling now can they be any more obvious go CNUV
They are holding orders. CNUV gonna blow baby!!
KIll VNDM shortie fry. Go CNUV!!
Yes it does! Fry shortie Fry!! MOASS coming!! Go CNUV!!
.005 plus today mark this post go CNUV .01 by the EOW
I want to see VNDM and VFIN get their azzes handed to them!! Go CNUV!!
30 minutes until the explosion occurs!! Let's go CNUV!! Fry shortie fry!
And company wants to lock them up as well. WEEEEEEEEEEEEEEEEE!! Go CNUV!!
May see .01 plus as soon as today. Huge news, huge backing by the company, huge announcement, huge revenues, and a committment of no dilution.
This is the next big, huge, MOASS play. You must have not read today's PR. LOL
Go CNUV!!
China Nuvo Solar Energy, Inc. Subsidiary, SurgLine to Make First Delivery of Surgical Instrument Trays to Denver, Colorado Ho...
Date : 11/07/2011 @ 7:01AM
Source : PR Newswire
Stock : China Nuvo Solar Engy (QB) (CNUV)
Quote : 0.0023 0.0 (0.00%) @ 8:17AM
China Nuvo Solar Energy, Inc. Subsidiary, SurgLine to Make First Delivery of Surgical Instrument Trays to Denver, Colorado Ho...
Tweet print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Intraday Stock Chart
Today : Monday 7 November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that its wholly owned subsidiary, SurgLine will deliver its first surgical instrumentation products to one of Denver's largest acute care hospital systems for use by one of its outpatient surgery centers.
Mr. Thomas Toland, CEO of SurgLine, was quoted as saying "We are very pleased to be working with Tandem Receivable Solutions and its first hospital client in the Denver marketplace. We believe that this delivery of surgical instruments and implantable products will be a great opportunity for us to showcase our high quality, value priced products in the Denver marketplace. We are confident that this not only will lead to future orders with this particular customer, but gives our Company additional credibility to take advantage of further opportunities in the Midwest."
During the past few days the Company has received numerous shareholder inquiries regarding share ownership and dilution. As discussed in the 8K filed on September 8, 2011 all of the shares of common stock issued pursuant to the SurgLine acquisition (equal then to 80% of total shares outstanding) were restricted shares, which are not eligible for sale for six months under Rule 144 and are also subject to 1% volume limitations. The Board of Directors and major shareholders are meeting today to consider a lock-up agreement for an additional period of time as well as other restrictions. The Company believes these measures will align shareholder and management interests in creating the confidence in management's objective of building long term value.
About SurgLine, Inc.
SurgLine, Inc. (www.surgline.com) is a company focused on reducing and or eliminating the historical brand premiums charged by our competitors to acute care hospitals, outpatient surgical centers and surgical hospitals.
Our products are FDA approved, high quality, and value priced thus providing substantial savings to the end user client base while delivering the healthcare sector
Taken from a previous PR. Guess CNUV tells the truth!! Read Bold!!
China Nuvo Solar Energy, Inc. Subsidiary, SurgLine to Make First Delivery of Surgical Instrument Trays to Denver, Colorado Ho...
Tweet print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Intraday Stock Chart
Today : Monday 7 November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that its wholly owned subsidiary, SurgLine will deliver its first surgical instrumentation products to one of Denver's largest acute care hospital systems for use by one of its outpatient surgery centers.
Mr. Thomas Toland, CEO of SurgLine, was quoted as saying "We are very pleased to be working with Tandem Receivable Solutions and its first hospital client in the Denver marketplace. We believe that this delivery of surgical instruments and implantable products will be a great opportunity for us to showcase our high quality, value priced products in the Denver marketplace. We are confident that this not only will lead to future orders with this particular customer, but gives our Company additional credibility to take advantage of further opportunities in the Midwest."
During the past few days the Company has received numerous shareholder inquiries regarding share ownership and dilution. As discussed in the 8K filed on September 8, 2011 all of the shares of common stock issued pursuant to the SurgLine acquisition (equal then to 80% of total shares outstanding) were restricted shares, which are not eligible for sale for six months under Rule 144 and are also subject to 1% volume limitations. The Board of Directors and major shareholders are meeting today to consider a lock-up agreement for an additional period of time as well as other restrictions. The Company believes these measures will align shareholder and management interests in creating the confidence in management's objective of building long term value.About SurgLine, Inc.
SurgLine, Inc. (www.surgline.com) is a company focused on reducing and or eliminating the historical brand premiums charged by our competitors to acute care hospitals, outpatient surgical centers and surgical hospitals.
Our products are FDA approved, high quality, and value priced thus providing substantial savings to the end user client base while delivering the healthcare sector with real savings overall.
We source products both domestically, and around the globe in order to provide the highest quality products at the best possible price to our clients. We work with stocking distribution channels throughout the U.S. and invite third-party distribution opportunities to those who share our core philosophy of "Providing more value for your Healthcare Dollar."
About China Nuvo Solar Energy, Inc.
China Nuvo Solar Energy, Inc. is a holding company that in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information
Contact:Tom Toland949-698-8485
SOURCE China Nuvo Solar Energy, Inc.
One would have to believe CNUV/Surgline want to be major players in the healthcare category. They want to build shareholder value as well!! Go CNUV!!
VNDM gonna be covering for the next few months with all the shares they shorted last week. WEEEEEEEEEEEEEEEEEEEEEE!! Go CNUV!!
No scam here I'm buying all I can get today!! Wow!! Real deal!! Go CNUV!!
CNUV with all this news should be at least .05 plus!! Go CNUV!!
CNUV huge news today. No dilution. Shares locked up by management!! Gonna fly!
China Nuvo Solar Energy, Inc. Subsidiary, SurgLine to Make First Delivery of Surgical Instrument Trays to Denver, Colorado Ho...
Tweet print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Intraday Stock Chart
Today : Monday 7 November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that its wholly owned subsidiary, SurgLine will deliver its first surgical instrumentation products to one of Denver's largest acute care hospital systems for use by one of its outpatient surgery centers.
Mr. Thomas Toland, CEO of SurgLine, was quoted as saying "We are very pleased to be working with Tandem Receivable Solutions and its first hospital client in the Denver marketplace. We believe that this delivery of surgical instruments and implantable products will be a great opportunity for us to showcase our high quality, value priced products in the Denver marketplace. We are confident that this not only will lead to future orders with this particular customer, but gives our Company additional credibility to take advantage of further opportunities in the Midwest."
During the past few days the Company has received numerous shareholder inquiries regarding share ownership and dilution. As discussed in the 8K filed on September 8, 2011 all of the shares of common stock issued pursuant to the SurgLine acquisition (equal then to 80% of total shares outstanding) were restricted shares, which are not eligible for sale for six months under Rule 144 and are also subject to 1% volume limitations. The Board of Directors and major shareholders are meeting today to consider a lock-up agreement for an additional period of time as well as other restrictions. The Company believes these measures will align shareholder and management interests in creating the confidence in management's objective of building long term value.
About SurgLine, Inc.
SurgLine, Inc. (www.surgline.com) is a company focused on reducing and or eliminating the historical brand premiums charged by our competitors to acute care hospitals, outpatient surgical centers and surgical hospitals.
Our products are FDA approved, high quality, and value priced thus providing substantial savings to the end user client base while delivering the healthcare sector with real savings overall.
We source products both domestically, and around the globe in order to provide the highest quality products at the best possible price to our clients. We work with stocking distribution channels throughout the U.S. and invite third-party distribution opportunities to those who share our core philosophy of "Providing more value for your Healthcare Dollar."
About China Nuvo Solar Energy, Inc.
China Nuvo Solar Energy, Inc. is a holding company that in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information
Contact:Tom Toland949-698-8485
SOURCE China Nuvo Solar Energy, Inc.
Yep VNDM shorting fool last week!! Go CNUV! No dilution!! Thanks for the confirmation CNUV management!!
Good point! CNUV gonna be huge found the right company to merge with wow!! Surgline!!
Huge piece of the latest PR. Wow!! Go CNUV!!
At least .01! We may see .05 plus by the End of the week huge MOASS coming. Shorts are in serious trouble with this latest PR!! Gotta love CNUV management right now!! Go CNUV
BAM read bold HUGE!! Guess there is a large short position here. 80% wow!!
China Nuvo Solar Energy, Inc. Subsidiary, SurgLine to Make First Delivery of Surgical Instrument Trays to Denver, Colorado Ho...
Tweet print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Intraday Stock Chart
Today : Monday 7 November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that its wholly owned subsidiary, SurgLine will deliver its first surgical instrumentation products to one of Denver's largest acute care hospital systems for use by one of its outpatient surgery centers.
Mr. Thomas Toland, CEO of SurgLine, was quoted as saying "We are very pleased to be working with Tandem Receivable Solutions and its first hospital client in the Denver marketplace. We believe that this delivery of surgical instruments and implantable products will be a great opportunity for us to showcase our high quality, value priced products in the Denver marketplace. We are confident that this not only will lead to future orders with this particular customer, but gives our Company additional credibility to take advantage of further opportunities in the Midwest."
During the past few days the Company has received numerous shareholder inquiries regarding share ownership and dilution. As discussed in the 8K filed on September 8, 2011 all of the shares of common stock issued pursuant to the SurgLine acquisition (equal then to 80% of total shares outstanding) were restricted shares, which are not eligible for sale for six months under Rule 144 and are also subject to 1% volume limitations. The Board of Directors and major shareholders are meeting today to consider a lock-up agreement for an additional period of time as well as other restrictions. The Company believes these measures will align shareholder and management interests in creating the confidence in management's objective of building long term value.About SurgLine, Inc.
SurgLine, Inc. (www.surgline.com) is a company focused on reducing and or eliminating the historical brand premiums charged by our competitors to acute care hospitals, outpatient surgical centers and surgical hospitals.
Our products are FDA approved, high quality, and value priced thus providing substantial savings to the end user client base while delivering the healthcare sector with real savings overall.
We source products both domestically, and around the globe in order to provide the highest quality products at the best possible price to our clients. We work with stocking distribution channels throughout the U.S. and invite third-party distribution opportunities to those who share our core philosophy of "Providing more value for your Healthcare Dollar."
About China Nuvo Solar Energy, Inc.
China Nuvo Solar Energy, Inc. is a holding company that in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information
Contact:Tom Toland949-698-8485
SOURCE China Nuvo Solar Energy, Inc.
.004 plus tomorrow go CNUV
How about share buy back or reduction in shares that would be huge
I'm guessing CNUV seems focused to get their stock off the ground IMO.
How nice it's Saturday and we have good samaritans trying to save us all from the mega run next week with CNUV aka MOASS!!
LOL these were your own words. I'll let the rest of the board judge for themselves . Hope you are loaded with CNUV shares, I mean Surgline now!! Read bold you wrote it!!
Udioso
Share
Re: None
Was waiting for this kamikaze dive to happen...
Will add some shares when it becomes too cheap to neglect ;)
Now you are talking!! Something big is coming. Too much trading over the last three days. IMO!!
04/01/2011
SurgLine, Inc. Launches New Brand: Surg
This was on the news page on the website. Not CNUV news!!
Because Surgline is CNUV now genius!! Go CNUV
Found this interesting as well. Read Bold!
China Nuvo Solar Energy, Inc. in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
Read more: http://www.heraldonline.com/2011/11/04/3500475/china-nuvo-solar-energy-inc-announces.html#ixzz4HQ6mKX9H
Website must be a scam too. LMAO Buddy CNUV is as real as it gets!! Gonna be sorry u let the MM's scare you out. I hear blockbuster news coming next week. They just keep adding distributors too.
http://www.surgline.com/
These guys must be a scam too. LMAO go CNUV
http://www.surgline.com/management-team/
Management Team
Management
Tom Toland | CEO & Founder
Mr. Toland has more than 30 years of healthcare management experience. Mr. Toland started his healthcare career with American Medical International, followed by financial management and corporate business development positions with Summit Health Ltd., OrNda HealthCorp, and Tenet Healthcare and two large not for profit hospital systems located in Southern California. Mr. Toland is a graduate of the University of Southern California with a major in Accounting in 1980.
Richard Dutch | President & COO
Mr. Dutch has over 24 years of healthcare industry experience. Mr. Dutch previously was a Corporate Business Manager with the 3M company, for 17 years, responsible for the P/L, growth and management of the west regions Acute Care and Surgery Center business. Most recently, Mr. Dutch was the President at Sterling Medical Products, a national orthopedic distribution company. His areas of expertise are complex healthcare systems, GPO's, new product launches, navigating the challenging Government market, P/L, and client relationships. Mr. Dutch holds an MBA degree, as well as, a BS degree in Health & Medical Science, Six Sigma certification and was instrumental for the launches of three successful start-up companies.
Carl Weissberg | President, Spine Division
Mr. Weissberg has over 20 years of executive level healthcare sales and business development experience. Previously, Mr. Weissberg worked for Merck & Co., Bristol Myers Squib, Steris and Innovex as a leading sales and business development manager. Mr. Weissberg has continually exceeded sales and earnings goals by implementing, developing and managing symbiotic partnerships between sales teams, marketing teams, and healthcare providers, including hospitals, surgery centers and insurance providers. As an independent sales consultant, Mr. Weissberg has extensive experience in selling spinal instruments and spinal implants and financing third party spine surgeries. Mr. Weissberg holds a Bachelors degree in Chemistry from Emory University.
Barry Hollander | Chief Financial Officer
Mr. Hollander has vast public company experience and is currently the CFO of China Nuvo since 2002 and Techs Loanstar, Inc. since February 2010. Mr. Hollander has held various accounting, senior management and executive financial positions. From 1994 to 1999, Mr. Hollander was the CFO of California Pro Sports, Inc., an in-line skate importer, marketer and distributor. Mr. Hollander has a BS degree from Fairleigh Dickinson University.
Get's even better read this from IBOX. Wow!!
MERGER COMPLETED!!!
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that it has completed the acquisition of 100% of the common stock of SurgLine, Inc. ("SurgLine"). Pursuant to the terms of the Share Exchange Agreement SurgLine will become a wholly owned subsidiary of China Nuvo. The Company will continue to trade under the symbol CNUV. At the appropriate time the Company will seek to change its name and symbol to reflect the business of SurgLine. SurgLine's product lines include trauma, orthopedic, spine and ENT medical and surgical products selling into hospitals and surgery centers. SurgLine, formed earlier this year and in business for a few months already is generating revenues and orders as previously reported.
SURGLNE ALSO FORECAST'S OVER $10,000,000 IN REVENUES!
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. ("SurgLine") and one of its previously announced stocking distributors, OptiMedical Corp. ("OptiMedical") is in the final stages of completing a multi-million dollar order and as a result has revised its forecast to be in excess of $10 million by the end of 2012. Additionally, the Company is negotiating with other stocking distributors and channel sales agreements with third parties regarding additional sales and distribution of the Company's product line.
Check this out!! This was a pretty cool announcement. Wouldn't you agree.
China Nuvo Solar, Inc. Announces Corporate Name Change to SurgLine International, Inc.
Date : 10/20/2011 @ 8:30AM
Source : PR Newswire
China Nuvo Solar, Inc. Announces Corporate Name Change to SurgLine International, Inc.
print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Historical Stock Chart
1 Month : October 2011 to November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that The State of Nevada has approved the Company's requested corporate name change to SurgLine International, Inc. ("SI" or "Parent"). Majority shareholders recently approved and authorized the Board of Directors to change the Company's name. SurgLine, Inc. will remain as a wholly owned subsidiary of the Parent. As a result of the Nevada approval, the Company will file with the appropriate regulatory bodies the name change as well as a new ticker symbol to better reflect the Company's core business. We will announce further details as the process and timing for the new name to be reflected in the markets as well as the new symbol as we go thru the regulatory process. Until then the Company will continue to trade under the symbol CNUV.
Mr. Tom Toland, CEO of SurgLine was quoted as saying "This was the logical next step in our corporate development. Changing the parent name to SurgLine International and having SurgLine, Inc. be the wholly owned operating subsidiary, paves the way for other business opportunities and reflects our current strategic plans to build long term shareholder value."
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospitals, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup.
About SurgLine International, Inc.
SurgLine International, Inc. is a holding company that in addition to SurgLine wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information Contact:Henry Fong561-514-9042
SOURCE China Nuvo Solar Energy, Inc.
Oh What's This? Friday's Pr Check this out!!
China Nuvo Solar Energy, Inc. Announces Third-Party Distribution Agreement With Bluewater Surgical, Inc.
China Nuvo Solar Energy, Inc. Announces Third-Party Distribution Agreement With Bluewater Surgical, Inc.
print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Intraday Stock Chart
Today : Saturday 5 November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. has signed an agreement with Bluewater Surgical, Inc. to a western distributorship. Bluewater surgical plans to offer SurgLine products for spine surgery, sports medicine, trauma surgery and more to acute care hospitals and physician owned surgery centers as an alternative to the high priced medical device providers in the marketplace.
Thomas Toland, CEO of SurgLine stated, "Christopher Duey, CEO of Bluewater Surgical has more than 20 years of hospital system related experience. Christopher is focused on providing his clients with high quality, lower cost product offerings that make a real economic impact on the healthcare system. As we see the downward pricing pressures continuing to mount on the hospital sector, we will seek out resellers like Bluewater to offer our value based product offering."
Christopher Duey, President of Bluewater, stated, "I have been involved with emerging companies like SurgLine for more than a decade. It has been my experience that SurgLine is poised to bring significant change to the medical device marketplace. Hospitals, Surgery Centers, the Federal Government and commercial insurance payers can no longer tolerate the high prices of implantable devices that have historically been offered to the marketplace that are used every day in operating rooms across the country. Change is coming and we are pleased to be a part of that change process with SurgLine leading the way."
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospital, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup.
About BlueWater Surgical, Inc.
BlueWater's (www.bluewatersurg.com) mission is to provide the highest quality surgical products at the lowest possible cost. This is accomplished by eliminating the "historical brand premium" while maintaining physician choice. BlueWater Surgical offers a portfolio of leading and innovative products, addressing a wide spectrum of surgical needs. Our products leverage proven designs, packaged as universal and all-in-one solutions—all available from one company. BlueWater Surgical has over 20,000 FDA approved SKUs including Trauma Products, Spine, Surgical Instruments, Surgical Sets and Endoscopes.
About China Nuvo Solar Energy, Inc.
China Nuvo Solar Energy, Inc. is a holding company that in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information Contact:Thomas Toland949-698-8485
SOURCE China Nuvo Solar Energy, Inc.
Thursday's PR last Thursday that is: Take a looky!!
China Nuvo Solar Energy, Inc. Signs Letter of Intent to Acquire Regional Surgical Implant Distributor
Date : 11/03/2011 @ 7:00AM
Source : PR Newswire
Stock : China Nuvo Solar Engy (QB) (CNUV)
Quote : 0.0023 -0.0002 (-8.00%) @ 4:03PM
China Nuvo Solar Energy, Inc. Signs Letter of Intent to Acquire Regional Surgical Implant Distributor
print
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Historical Stock Chart
1 Month : October 2011 to November 2011
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that it has signed a Non-Binding Letter of Intent ("LOI") to acquire a distributor of surgical implants. Pursuant to the terms of the LOI, the Company has contemplated that upon the anticipated closing of the transaction that the target distribution company would become a new wholly owned subsidiary of CNUV.
Mr. Thomas Toland, CEO of SurgLine was quoted as saying, "This target acquisition makes tremendous sense for our Company as we continue to identify distributors with complimentary business strategies which may allow us to further expand our distributorship network while enabling SurgLine to utilize their established relationships with hospitals, surgical centers and physicians. We will continue to identify and search for similar opportunities that fit this criteria and that makes sense for our Company and shareholders."
Mr. Toland went on to add, "In addition to the approximately $9 million annual run rate of revenues, this targeted distributor has tremendous market knowledge and experience and this potential acquisition would allow SurgLine to add critical expertise and depth to our management team."
Closing of the transaction is subject to customary conditions including, among other things, due diligence, the negotiation and execution of definitive agreements as well as the approval of both company's boards of directors and any necessary stockholder or regulatory approval.
About SurgLine, Inc.
SurgLine (www.surgline.com) is focused on sourcing and distributing high quality FDA approved surgical product for spine, trauma and sports medicine with anticipated savings that can range from 30% to 50% in real dollars when compared to the competition. Our clients include acute care hospitals, surgery centers and physician owned surgical hospitals. SurgLine's business strategy continues to be focused on reducing or eliminating the historical brand premium. SurgLine offers high quality medical and surgical products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup while passing the savings on to the end user.
About China Nuvo Solar Energy, Inc.
China Nuvo Solar Energy, Inc. is a holding company that in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information Contact:Tom Toland949-698-8485
SOURCE China Nuvo Solar Energy, Inc.
Heck I'm fake too. I don't exist. LOL Go CNUV!!