Sunrise Consulting Group Inc (SNRS)

[CezTec2]

From March 24th

The company also announced today that it has received a scheduled purchase order from an international electronics exporting company. The scheduled order is for an aggregate purchase of 500,000 units of the company's solar battery mobile device chargers. The total purchase order of $27,150,000 subscribes to the breakdown of 7 payments which are to be spread out over seven months. The first payment is scheduled for April 29, 2011.

Sunrise is currently in the process of doing its due-diligence regarding the purchase order and plans to negotiate the best price possible for the company and the purchaser in an effort to meet all financial goals. Upon review and approval from the soliciting party, the company plans to announce the name of the corporation that has submitted the offer to purchase the solar battery products.

Guess the review and approval from the soliciting party fell through with those sub-standard chargers? I'm sure the second batch will be better! D'ohhhhhhhhhh