WEST PALM BEACH, Fla.,
Aug. 17, 2011 /PRNewswire/ -- China
Nuvo Solar Energy, Inc. (OTCQB: CNUV) in response to shareholder's
inquiries regarding the status of their transaction with SurgLine,
Inc. ("SurgLine") today announced that the parties are concluding
their respective due diligence items. These items include the
completion of the schedules to the Definitive Agreement signed last
month, as well as the completion of SurgLine's audited financial
statements.
Henry Fong, CEO of China Nuvo
stated, "We are very pleased with the progress both of us are
making in working with our lawyers and accountants to complete the
transaction. We anticipate that we will be able to close the
transaction within the next few weeks. Additionally, we are
encouraged by the business affairs of SurgLine as they are
successfully proving the validity of the business model."
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.