Solar Energy Initiatives Inc (SNRY)

[TheFinalCD]

SNRY~ $THE WAVE (WAVERIDER$)

http://www.thewaveinvestors.com/Featured-Stock-Picks-Page.html
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Hello All
Below is a news release on this reverse merger and this looks to be a great partner for this release now.

Solar Energy Initiatives Inc. (SNRY)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62741923

Solar Energy Initiatives, Inc. Retains Wellfleet Partners, Inc. to Maximize Shareholder Value Through Mergers and/or Acquisitions

NEW YORK, NY and PONDE VENDRA BEACH, FL, May 04, 2011 (MARKETWIRE via COMTEX) -- Solar Energy Initiatives, Inc. (OTCBB: SNRY), today announced that it has retained the 13 year old advisory and consulting firm Wellfleet Partners, Inc. (Wellfleet) to evaluate and effectuate a strategic partnership, merger and/or acquisition. Wellfleet will work to recapitalize the company and seek out new growth opportunities in order to maximize shareholder value. The decision was made due to the reduction in value of its current solar business.

"It is apparent that the Company's core business, due to difficult market conditions, has depreciated in value and thus the Board of Directors believe that it would be better suited to locate a transaction that would transition from its current core business to a business that could maximize value for current shareholders," stated Mark I. Lev, Chairman and CEO of Wellfleet Partners. "We believe that with our team of esteemed professionals, our world class advisory board, and numerous contacts, we will be able to find several opportunities and then hopefully be able to negotiate a successful transaction. We will stay actively in touch with the shareholders and investors as we continue to search for strategic opportunities. We expect to shortly announce the appointment of two new board members who will assist us in entertaining all available business opportunities."

Solar Energy Initiatives

Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a developer of solar photovoltaic installations. These services are provided through its wholly owned subsidiary, SNRY Power, who is a developer and manager of municipal and commercial scale solar projects. For more information please visit http://www.solarenergy-us.com/.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a thirteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company's emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate Investment Banking related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra'anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; an updated/new brochure, quarterly newsletter and/or press releases available upon request.

WellFleet contact info:
www.wellfleetpartners.com

David Fann
904-644-6090
Email Contact

SOURCE: Solar Energy Initiatives, Inc.

CONTACT: http://www.wellfleetpartners.com/
http://www2.marketwire.com/mw/emailprcntct?id=8796F308646F990

This is the new company and the links to there current news releases and business now. They are a reverse merger specialist and below i have included a news release from there last merger which is fully funded now

http://www.wellfleetpartners.com/

Wellfleet Partners, Inc. is a boutique financial services and
consulting firm principally located in New York City.
New York · Florida · California · London · Dublin · Tel Aviv · Beijing
About Wellfleet Partners

Wellfleet Partners, Inc. is a boutique financial services and consulting firm, which was founded by Mark I. Lev in early 1998. WPs also provides small and mid-size emerging...

More about Wellfleet Partners »
Our Industry Experience

Wellfleet has experience as investment bankers in various industries including: wireless communication and data, Internet and E-Commerce, health care, electronics, semiconductors...

Our Industry Experience »
Contact Wellfleet Partners

Wellfleet Partners, Inc.
One Penn Plaza, Suite 2411
New York, NY 10019
Tel: [phone]
Fax: [phone]

Contact Wellfleet Partners »

First China Pharmaceutical Group, Inc.-$4,500,000 Final Closing Comprised of Units of Common Stock and Series A & B Warrants
Posted on April 18, 2011

New York & Kuming City, China- March 18th-April 15th, 2011

First China Pharmaceutical Group, Inc. (“FCPG” or the “Company), a Chinese based drug logistics and distribution business is pleased to announce the first and second closings in a larger financing, the balance of which should close later this month. “I am very pleased to announce the final closing from our 24th financing in China, and for our 20th Company. We believe FCPG is an exciting emerging, growth Company that through acquisitions and internal growth, should be able to penetrate its multi billion dollar market. FCPG, with our capital, will be able to generate a projected excess of $100M in fiscal 2011 and continue at its rapid pace of growth for the foreseeable future. I would like to thank my associate Alan Fein for his assistance in structuring the transaction, Mark Lee, esq of Greenberg Trauig for his expert legal work and one of the three lead institutional investors, Cedarview Capital for their continuing support”, Stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

First China Pharmaceutical Group, Inc., First China Pharmaceutical Group, Inc. engages in the drug logistics and distribution business through drug stores, medical clinics, and hospitals in the People’s Republic of China. It also involves in the wholesale distribution of medicine products, chemical agents, antibiotics, biochemistry drugs, and biological preparations. The company distributes approximately 5,000 drugs, including 1,000 over-the-counter drugs, 1,000 prescription drugs, 2,000 prepared Chinese medicines, and 1,000 supplements. First China Pharmaceutical Group distributes its products through the Internet; sub-distributors; and hospitals, clinics, pharmacies, and other medical institutions, as well as through its drug stores. The company was formerly known as E-Dispatch Inc. and changed its name to First China Pharmaceutical Group, Inc. in May 2010. First China Pharmaceutical Group, Inc. was founded in 2002 and is headquartered in Kunming City, the People’s Republic of China. For the research report please see the website of NBT Group, Inc. at. www.nbtequityresearch.com/fcpg

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a thirteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; an updated/new brochure, quarterly newsletter and/or press releases available upon request.
Filed Under: Press Releases


http://www.solarenergy-us.com/
SOLAR ENERGY LOGO
[img]http://content.edgar-online.com/edgar_conv_img/2011/03/23/0001013762-11-000693_LOGO.JPG[/img














Solar Energy Initiatives, Inc. SNRY
http://www.otcmarkets.com/stock/SNRY/company-info

OTCQB / Common Stock


OTCQB Logo

* 0.005
* 0.0015 ( 42.86%)
* Real-Time OTC-BBO 0.004 x 0.005 (5000 x 5000)
* Trade Time 3:52 PM ET

Contact Info

* 818 A1A North
* Suite 201
* Ponte Vedra Beach, FL , 32082
*


* Phone: [phone]


Update Company Info

Business Description

Not Available

Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001421665
Fiscal Year End 7/30
OTC Market Tier OTCQB
Profile Data
SIC - Industry Classification 3674 - Semiconductors and related devices
Business Status Development Stage Company a/o Apr 30, 2008
Incorporated In: DE, USA
Year of Inc. 2006
Employees Not Available
Company Officers
David Fann CEO
Michael Dodak President, Interim CFO
Company Directors
Not Available
Company Notes

* Formerly=NP Capital Corp. until 9-2008

SNRY Security Details
Share Structure
Market Value1 $350,000 a/o May 03, 2011
Shares Outstanding 750,000,000 a/o Mar 31, 2011
Float Not Available
Authorized Shares 48,000,000 a/o Mar 31, 2011
Par Value 0.001
Shareholders
Shareholders of Record 2,869 a/o Nov 15, 2010
Corporate Actions

Ex. Date Record Date Pay Date
Dividend (0.079) Jan 28, 2011 Dec 01, 2010 Jan 27, 2011
Dividend (0.00) Jan 28, 2011 Dec 01, 2010 Jan 27, 2011
Security Notes
Short Selling Data
Short Interest 0 (-100%)
Mar 31, 2011
Significant Failures to Deliver No
Transfer Agent(s)
OTR, Inc.
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Law Offices of Stephen M. Fleming PLLC
110 Wall Street
New York, NY, 10005
United States

Investor Relations Firm
Not Available
1Market Value calculated only for respective security


http://www.otcmarkets.com/stock/SNRY/news
Outside News Sources
Publish Date Headline
May 4, 2011 Solar Energy Initiatives, Inc. Retains Wellfleet Partners, Inc. to Maximize Shareholder Value Through Mergers and/or Acquisitions
Mar 7, 2011 Solar Energy Initiatives, Inc. Announces Letter of Intent for Funding of 1 Megawatt (MW) Solar Project
Mar 4, 2011 Solar Energy Initiatives, Inc. Streamlines Its Business Model
Feb 23, 2011 Solar Energy Initiatives, Inc. Sells Its Solar EOS Division
Feb 8, 2011 Solar Energy Initiatives Enters Into Development Arrangement With ESA Renewables LLC for 1MW Solar Project

SEC Filings
http://www.otcmarkets.com/stock/SNRY/financials
Form Type Received Period Ending Size Report
10-K/A Apr 28, 2011 Jul 31, 2010 108.8 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
10-Q/A Apr 28, 2011 Jan 31, 2011 119.7 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
8-K Apr 13, 2011 Apr 12, 2011 18.1 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
8-K Mar 30, 2011 Mar 28, 2011 32.7 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
10-Q Mar 23, 2011 Jan 31, 2011 1.1 MB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
NT 10-Q Mar 18, 2011 Jan 31, 2011 28.6 KB [PDF] PDF [RTF] RTF [HTML] HTML
S-8 Feb 24, 2011
245.0 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
8-K Feb 23, 2011 Feb 15, 2011 199.9 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
8-K Jan 20, 2011 Nov 20, 2010 20.7 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
10-Q Dec 20, 2010 Oct 31, 2010 889.0 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7814997
ITEM 1. Financial Statements (unaudited)

Solar Energy Initiatives, Inc.

CONDENSED BALANCE SHEETS



(Unaudited)

(Audited)


January 31, 2011

July 31, 2010

ASSETS


Current assets

Cash and cash equivalents
$ 4,205 $ 30,153
Accounts receivable, net
90,591 26,124
Other receivable from equity method investee
243,880 530,274
Inventory
63,501 208,417
Prepaid and other current assets
10,119 2,789
Total current assets
412,296 797,757


Investment in equity method investee
30,000 30,000
Fixed assets, net
21,439 25,369
Deposits
3,598 3,598
Total assets
$ 467,333 $ 856,726

LIABILITIES AND STOCKHOLDERS' DEFICIT


Current liabilities

Accounts payable
$ 1,194,677 $ 1,158,588
Accounts payable, related parties
15,558 20,352
Commissions payable
145 1,882
Due to related parties
249,723 280,638
Accrued expenses
170,099 242,309
Deferred revenue
2,750 79,230
Convertible debentures, net
275,082 144,310
Total current liabilities
1,908,034 1,927,309


Commitments and contingencies

Stockholders' deficit

Common stock, $0.001 par; 100,000,000 authorized

46,538,775 and 35,405,535 issued and outstanding,

respectively
46,539 35,406
Common stock payable
50 -
Paid-in capital
12,001,971 10,564,804
Deferred compensation
(264,539 ) (582,535 )
Common stock subscription
- (20,000 )
Accumulated deficit
(13,224,722 ) (11,002,334 )
Total Solar Energy Initiative Inc shareholder's deficit
(1,440,701 ) (1,004,659 )
Non-controlling interest
- (65,923 )
Total stockholders' deficit
(1,440,201 ) (1,070,583 )
Total liabilities and stockholders' deficit
$ 467,333 $ 856,726



The accompanying notes are an integral part of these condensed financial statements.





4


Solar Park Initiatives, Inc.

CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)



For the Three Months Ended

For the Three Months Ended


January 31, 2011

January 31, 2010


Revenues, net
$ 282,495 $ 1,273,506
Cost of sales
215,325 974,120
Gross profit
67,170 299,386

Operating expenses

Selling, general and administrative
1,012,488 1,286,618
Total operating expenses
1,012,488 1,286,618

Loss from operations
(945,318 ) (987,232 )

Other income (expense)
- (2,148 )
Interest expense
(89,857 ) (15,367 )
Total other income (expense)
(89,857 ) (17,515 )

Loss before provision for income taxes
(1,035,175 ) (1,004,747 )
Provision for income taxes
- -
Net loss
(1,035,175 ) (1,004,747 )

Loss attributable to non-controlling interest
(87,098 ) (79,955 )
Loss attributable to Solar Energy Initiatives, Inc.
$ (948,077 ) $ (924,792 )

Net loss attributable to Solar Energy Iniatives, Inc.` per share – basic and diluted
$ (0.02 ) $ (0.04 )

Weighted average shares outstanding – basic and diluted
43,594,220 26,257,390




The accompanying notes are an integral part of these condensed financial statements.




5


Solar Park Initiatives, Inc.

CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)



For the Six Months Ended

For the Six Months Ended


January 31, 2011

January 31, 2010


Revenues, net
$ 764,905 $ 2,285,456
Cost of sales
557,331 1,724,536
Gross profit
207,574 560,920

Operating expenses

Selling, general and administrative
2,409,256 2,494,996
Total operating expenses
2,409,256 2,494,996

Loss from operations
(2,201,682 ) (1,934,076 )

Other income (expense)
- (2,148 )
Interest expense
(186,389 ) (61,819 )
Total other income (expense)
(186,389 ) (63,967 )

Loss before provision for income taxes
(2,,388,071 ) (1,998,043 )
Provision for income taxes
- -
Net loss
(2,388,071 ) (1,998,043 )

Loss attributable to non-controlling interest
(165,683 ) (79,955 )
Loss attributable to Solar Energy Initiatives, Inc.
$ (2,222,388 ) $ (1,918,088 )

Net loss attributable to Solar Energy Iniatives, Inc.` per share – basic and diluted
$ (0.05 ) $ (0.08 )

Weighted average shares outstanding – basic and diluted
40,568,452 24,984,345




The accompanying notes are an integral part of these condensed financial statements.

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