WEST PALM BEACH, Fla.,
Aug. 16, 2011 /PRNewswire/ -- 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.
Tom Toland, CEO of SurgLine
stated, "The stocking distributorship agreement we have in place
with OptiMedical Corp. is just one example of how we plan to
penetrate the marketplace. They happen to specialize as a
trauma product distributor, and we are confident their sales can
reach the $10 million plateau. When
you combine the upwardly revised OptiMedical forecasted revenues
with our other previously announced agreements we believe we are
building the foundation for the future of our Company."
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 China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is 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 Fong, President
(561-514-9042)
SOURCE China Nuvo Solar Energy, Inc.