ZNTR NEW YORK, June 7, 2012 /PRNewswire/ -- Zentric Inc. (OTCQB: ZNTR) William Tien, President of Zentric Inc., is pleased to announce Zentric has opened an office at 295 Greenwich Street (Wall Street), # 572, New York, NY 10007.
Mr. Tien remarked, "We are very pleased to have opened a second office in the USA in the financial district to provide better access to the financial community as we expand our footprint in the United States. Our solar power business in particular has explosive growth potential that requires ongoing capital to fund site acquisition, construction and inventory procurement and being located on Wall Street will be very advantageous for us."
Mr. Tien continues, "Zentric has spent many months solidifying relationships with solar farm project developers, solar panel suppliers and companies that can provide financing options for us to acquire and build solar projects owned 100% by Zentric. We have over $100 million worth of projects available to us that we would like to acquire and begin construction on in 2012."
Mr. Jeff Mak, CEO of Zentric Inc., adds, "This will be a major undertaking from both a logistics and capital perspective as we continue to look for opportunities to increase our Solar Power Plant footprint primarily in North Carolina as it remains a developer friendly state offering attractive 35% tax incentives in conjunction with the 30% tax credit obtainable from the federal government."
