Sunbelt Signs LOI With Private Bank

SHANGHAI, China, Dec. 6, 2011 /PRNewswire/ - Sunbelt International Inc. (PINK SHEETS -OTCBB:SUNB) is currently in talks with a private Chinese bank with the intent for the financial institution to become the exclusive leasing agent to provide consumer financing for wind turbines, turbine hybrids, and solar panels distributed by Sunbelt International. The Chinese bank has signed a Letter of Intent with Sunbelt International with intention to finalize the agreement early in 2012.

According to Fang Soo Lui, President of Sunbelt International, "This relationship will enable our customers to obtain the environmentally sustainable technology without the burden of expensive financing rates."

This important financial relationship will solidify the Company's growth opportunity and distribution internationally. The financing will be determined by calculating the present value of equipment costs, and consumers pay these costs incrementally, as the equipment is used based on amortization of the life of the equipment use. Furthermore, additional turbines and solar accessories purchased will be recalculated based on the original financing options, making the product more affordable and accessible both on a short term and long run basis. This opportunity will be 100% financing unlike most traditional financing.

"We continue to look for opportunities to grow Sunbelt International on behalf of our shareholders," said Sunbelt President, Fang Soo Lui. "We plan to continue expansion into new markets because our units will save consumers money in an uncertain future. This new relationship with the private bank in China will get more of our units to more people. The turbines and solar panels are a sustainable option that will help the environment and save energy costs."

Sunbelt International would also like to report it is in negotiations with a small iron ore mine in a remote area in the southern Yukon. The scope of these discussions with the ore mine is focused on Sunbelt Internationals' newest turbine product. This turbine has a unique function that allows the equipment to easily be lowered and raised out of rivers as required. This technology allows a further reduction of the environmental footprint in waterway area. This new site in the southern Yukon would serve as the test site for the newest in water turbine, potentially leading to a whole new revenue stream for Sunbelt International.

SOURCE Sunbelt International Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED