China Nuvo Solar Energy, Inc. Subsidiary, SurgLine to Make First Delivery of Surgical Instrument Trays to Denver, Colorado Hospital System
Hospital System comprising over 10 facilities is one of Denver, Colorado's largest; Company also addresses shareholder concerns regarding share ownership and dilution
WEST PALM BEACH, Fla., Nov. 7, 2011 /PRNewswire/ -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that its wholly owned subsidiary, SurgLine will deliver its first surgical instrumentation products to one of Denver's largest acute care hospital systems for use by one of its outpatient surgery centers.
Mr. Thomas Toland, CEO of SurgLine, was quoted as saying "We are very pleased to be working with Tandem Receivable Solutions and its first hospital client in the Denver marketplace. We believe that this delivery of surgical instruments and implantable products will be a great opportunity for us to showcase our high quality, value priced products in the Denver marketplace. We are confident that this not only will lead to future orders with this particular customer, but gives our Company additional credibility to take advantage of further opportunities in the Midwest."
During the past few days the Company has received numerous shareholder inquiries regarding share ownership and dilution. As discussed in the 8K filed on September 8, 2011 all of the shares of common stock issued pursuant to the SurgLine acquisition (equal then to 80% of total shares outstanding) were restricted shares, which are not eligible for sale for six months under Rule 144 and are also subject to 1% volume limitations. The Board of Directors and major shareholders are meeting today to consider a lock-up agreement for an additional period of time as well as other restrictions. The Company believes these measures will align shareholder and management interests in creating the confidence in management's objective of building long term value.
About SurgLine, Inc.
SurgLine, Inc. (www.surgline.com) is a company focused on reducing and or eliminating the historical brand premiums charged by our competitors to acute care hospitals, outpatient surgical centers and surgical hospitals.
Our products are FDA approved, high quality, and value priced thus providing substantial savings to the end user client base while delivering the healthcare sector with real savings overall.
We source products both domestically, and around the globe in order to provide the highest quality products at the best possible price to our clients. We work with stocking distribution channels throughout the U.S. and invite third-party distribution opportunities to those who share our core philosophy of "Providing more value for your Healthcare Dollar."
About China Nuvo Solar Energy, Inc.
China Nuvo Solar Energy, Inc. is a holding company that in addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities. On October 18, 2011 China Nuvo Solar Energy, Inc., amended its articles of incorporation and changed its name to SurgLine International, Inc. The Company is in the process of working with the regulatory bodies to reflect the new name, symbol and Cusip number for quotation on the OTCQB.
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:
Tom Toland
949-698-8485
SOURCE China Nuvo Solar Energy, Inc.
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