WEST PALM BEACH, Fla., Sept. 6, 2011 /PRNewswire/ — China
Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced
that it has completed the acquisition of 100% of the common stock
of SurgLine, Inc. (“SurgLine”). Pursuant to the terms of the Share
Exchange Agreement SurgLine will become a wholly owned subsidiary
of China Nuvo. The Company will continue to trade under the
symbol CNUV. At the appropriate time the Company will seek to
change its name and symbol to reflect the business of SurgLine.
SurgLine’s product lines include trauma, orthopedic, spine and ENT
medical and surgical products selling into hospitals and surgery
centers. SurgLine, formed earlier this year and in business for a
few months already is generating revenues and orders as previously
reported.
Mr. Tom Toland, CEO of SurgLine was quoted as saying, “I speak
for the entire SurgLine executive team in that we are looking
forward to a highly successful business platform with China Nuvo.
We appreciate their commitment to assisting in getting this
transaction closed in an expeditious manner. We are focused on
telling the SurgLine story, of ‘More Value for Your Healthcare
Dollar’ and positioning the company for great success for the
future.”
Toland continued, “As a company we are committed to reduce
healthcare costs while maintaining the quality products that the
hospital or surgical center has provided in the past in servicing
their patients. We have been extremely satisfied with the
response we are getting throughout the healthcare industry as we
introduce our medical and surgical products and the impact we can
have in containing costs while maintaining quality.”
Henry Fong, Chairman of China Nuvo, stated, “We are very pleased
to have concluded this transaction. We believe this
acquisition made the most sense for our shareholders, as SurgLine
is already a revenue generating company. They have assembled
a talented management team that has
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