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CNUV 0047 ~ News ~

China Nuvo Solar Energy Reviewing Strategic Acquisition Candidates to Enhance Shareholder Value
Date : 02/18/2011 @ 7:00AM
Source : Business Wire
Stock : China Nuvo Solar Technology, Inc. (CNUV)
Quote : 0.0047 0.0 (0.00%) @ 8:15AM

China Nuvo Solar Energy Reviewing Strategic Acquisition Candidates to Enhance Shareholder Value
China Nuvo Solar Egy (OTCBB:CNUV)
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Today : Friday 18 February 2011
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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

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.