Sunrise Consulting Group Inc. Signs Letter of Intent to Purchase Controlling Interest in Chinese Solar Company
14 November 2008 - 3:15PM
Business Wire
Sunrise Consulting Group Inc. (Pink Sheets: SNRS) has signed a
letter of intent to purchase up to 60% of Sunrise Solartech Co.,
Ltd. www.srsolartech.com. Sunrise Solartech was founded in March
2006 in Jiansu Province, China as a privately owned enterprise that
specializes in designing, developing, manufacturing and marketing
solar energy products. Sunrise Solartech is one of China�s largest
manufacturers of solar PV (Photovoltaic) products, including solar
energy appliances, on-grid & off-grid solar power generating
systems, and solar modules, of which it boasts an annual capacity
of 40MW. Sunrise Solartech has established strong strategic
business in the European Market in many major European Countries
and has built a worldwide network for PV (Photovoltaic) production
and raw material purchases. In its most recent internal reports
(September 2008), Sunrise Solartech projects a net profit of US $2
million in 2008, US $5 million est. in 2009, and US $10 million
est. in 2010. As a result of this acquisition, Sunrise Consulting
Group expects to penetrate heavily into the North & South
American markets and marketing of the Solar Modules. ABOUT SUNRISE
CONSULTING GROUP, INC. Sunrise Consulting Group�s mission is to
become a premier investment banking and financial group for
companies in Asia�and the Pacific Rim, bringing value to small and
medium sized companies and assisting them in becoming�listed on the
USA Exchanges.�The company's major focal point is mainland China
and additional target areas include Hong Kong, Laos, Vietnam,
Malaysia, Australia and other Pacific Rim & Southeast Asian
countries. Recent growth in these countries has been in the high
double digits, and Sunrise Consulting intends to capitalize on this
trend by building upon and adding to its current holdings,
increasing sales revenues�through acquisitions, and continually
expanding its�portfolio into related areas. For more information
call 949-258-4411 or email SunriseConsultingGroup@gmail.com. Safe
Harbor Statement: This release contains forward-looking statements
with respect to the results of operations and business of Sunrise
Consulting Group, Inc., which involves risks and uncertainties. The
Company's actual future results could materially differ from those
discussed. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, and all other forward-looking statements be subject to
the "Safe Harbors" provision of the Private Securities Litigation
Reform Act of 1995.
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