Sunrise Consulting Group Inc. Prepares to Move Quickly into Huge and Growing Solar Energy Market
21 November 2008 - 2:00PM
Business Wire
Sunrise Consulting Group Inc. (Pink Sheets:SNRS) is moving quickly
to establish itself as a major player in the fast-growing
international solar energy market. Last week the company announced
its plans to purchase up to 60% of Sunrise Solartech Co. Ltd.
www.srsolartech.com, and since that time Sunrise Consulting has
been working diligently to finalize funding of its expansion plans.
Sunrise Solartech is one of China�s largest manufacturers of
Photovoltaics (solar PV) products. Solar PV is the field of
technology and research related to the application of solar cells
for energy by converting sunlight directly into electricity. Due to
the growing demand for clean sources of energy, solar PV production
has been doubling every two years, making it the world�s
fastest-growing energy technology. Solar PV also receives support
in the form of generous financial incentives of numerous federal
governments, including Germany, Japan, and the United States. 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. Raymond
Chin, CEO of Sunrise Consulting Group, commented, �The growth of
the solar energy market is phenomenal, and we are very excited
about this venture, which has now become the focal point of our
efforts. The majority of Sunrise Solartech�s current business is in
the European market, where electricity is more expensive than the
rest of the world. We believe that with proper capitalization
Sunrise Solartech can increase its European market share while
simultaneously opening new markets around the world. We are working
closely with energy finance specialists at Pacific Venture Fund and
Deutsche Bank on funding arrangements that will allow us to expand
very quickly. These deals have not been finalized; however, we
expect to be making further announcements very soon. We also
believe that our share structure is manageable and at this time
there will not be the need for a stock split; we believe there
should be an increase in our stock value and we hope to see that
reflected very soon.� 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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