| Title | CNUV China Nuvo Solar Energy, Inc. | ||
| Country | United States |

DEFINITIVE AGREEMENT SIGNED
China Nuvo Solar Announces Definitive Agreement Signed to Acquire Medical Products company SurgLine, Inc.
RECENT BIG NEWS!!!
China Nuvo Solar Target Acquisition SurgLine Signs Agreement for Sales to U.S. Department of Veterans Affairs (VA)
China Nuvo Solar Target Acquisition SurgLine Announces Third-Party Distribution Agreement With OptiMedical, Corp.
China Nuvo Solar Energy, Inc. ("CNUV") is a development-stage company that is designing, with a view toward manufacturing, solar photovoltaic (PV) cell technology products. We own a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is that less exposed surface area is required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production
China Nuvo Solar Energy Inc
319 Clematis Street
Suite 703
West Palm Beach, FL 33401
United States
Phone: 561-514-9044
Fax: 561-620-7443
Transfer Agent:
Interwest Transfer Company, Inc.,
1981 East Murray- Holladay Road,
Salt Lake City, Utah 84117,
Telephone (801) 272-9294,
http://sec.gov/cgi-bin/browse-edgar?company=&CIK=0001126411&action=getcompany
SHARE STRUCTURE:
Authorized Shares 1,475,000,000 a/o Oct 31, 2010
Insider Holdings
Henry Fong
Shares Owned: 26,348,948
Stephen D. King
Shares Owned: 2,000,000
Richard W. Perkins
Shares Owned: 28,742,406
Christopher T. Dahl
Shares Owned: 3,424,241
All Executive Officers and
Directors as a Group (4 persons)
Shares Owned: 65,967,189
Wayne W. Mills
Shares Owned: 19,960,595
Gulfstream Financial Partners
Shares Owned: 18,059,614
Henry Fong
Mr. Fong has been the president, chief executive officer, and a director of the Company since March 2002 and president and a director of Nuvo since its inception in April 2006. Mr. Fong served in various accounting, finance and budgeting positions with the Department of the Air Force. During the period from 1972 to 1981 he was assigned to senior supervisory positions at the Department of the Air Force headquarters in the Pentagon. In 1978, he was selected to participate in the Federal Executive Development Program and in 1981, he was appointed to the Senior Executive Service. In 1970 and 1971, he attended the Woodrow Wilson School, Princeton University and was a Princeton Fellow in Public Affairs. Mr. Fong received the Air Force Meritorious Civilian Service Award in 1982. Mr. Fong has passed the uniform certified public accountant exam. In March 1994, Mr. Fong was one of twelve CEOs selected as Silver Award winners in FINANCIAL WORLD magazine's corporate American "Dream Team."
Richard W. Perkins.
Mr. Perkins has over 50 years experience in the investment business, has been President and Investment Manager for Perkins Capital Management since October 1994. Perkins Capital Management, with assets under management exceeding $248 million, is a registered investment advisor with significant experience in individual and institutional capital management including working directly with the public markets emphasizing the micro-cap sector. Mr. Perkins is also a director of several public companies including: Synovis Life Technologies, Inc. since 1984, Nortech Systems, Inc. since 1993, Lifecore Biomedical, Inc. since 1972, and Vital Images, Inc. since 1985.
Other Boards Mr. Perkins Sits on PER FILING:
NASDAQ: SYNO - $16.64 (as of Feb 22, 2011)
NASDAQ: NSYS - $4.16 (as of Feb 22, 2011)
NASDAQ: VTAL $5.15 - (as of Feb 22, 2011)
Headlines
MORE ON SURGLINE!
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality medical products at discount prices, thereby reducing the historical brand premium paid by healthcare providers. SurgLine offers medical and surgical supplies and products at substantial savings through stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup. SurgLine's management team is well-respected and experienced in the healthcare industry.
At SurgLine our mission is to sell the highest quality surgical products at the lowest possible cost…period. Our signature product line, Surg, is produced by the same manufacturers as other leading medical companies without the brand premium. We are reducing the 'brand premium' much in the same way as Costco has with their Kirkland brand. By removing the brand premium we can pass along cost savings to our customers which include U.S. based distributors and institutions.
SurgLine is founded on the premise that the U.S. healthcare system MUST reduce spending and do more with less, thus Surgline offers it's exclusive line of high quality "private labeled" surgical products, under our brand "Surg," for the operating and emergency room at substantial savings of up to 40% when compared to the larger well known legacy medical and surgical suppliers. SurgLine business model focuses on procuring the "Best of Class" products and then distributing these products to hospitals and free standing surgery centers throughout the United States for substantially less money.
SURGLINE PRODUCTS!SurgLine has over 20,000 SKUs of FDA approved products. SurgLine's signature product line, Surg, is the value leader and designed to be of equal or better quality than national brands.
SurgLine, Inc. offers "more value for less of your healthcare dollar" when compared to the competition. Benefits afforded to our clients who partner with SurgLine include:
> Highest quality products for operating rooms, emergency departments and trauma units.
> Substantial price discounts for our private labeled products when compared to the competition.
> Volume discounts.
> Prompt payment discounts.
> SurgiSelect consignment program.
> Volume rebate programs for qualifying clients.
> Replacement program for products that require repair.
Surg offers an entire portfolio of leading and innovative products that address every indication. Surg products leverage proven designs and are packaged as universal and all-in-one solutions - all available from one company.
All Surg products are FDA approved and are manufactured in ISO certified facilities. Where required by the FDA, products are manufactured in FDA certified facilities.
SurgLine currently offers the following products:
TRAUMA PRODUCTS:
- Surgical Instruments
- e.g.; Scissors, forceps, basket punches, reamers
- Surgical Sets - includes tray, instruments, screws, implants, etc
- Spine
- Hand & foot
- Hips
- Small fragment
- Emergency Removal
- e.g.; broken screws and implants
ENDOSCOPE PRODUCTS:
- Endoscopes
- Full Range of Endoscopes
MEDICAL DISPOSABLES:
- Disposables
- Single use surgical supplies
- Full range of medical disposables
MORE HUGE NEWS:
China Nuvo Solar Target Acquisition SurgLine Signs Agreement for Sales to U.S. Department of Veterans Affairs (VA)
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. has reached an agreement with Gonneville, Inc. (Gonneville), whereby Gonneville will add the Company's medical and surgical product lines to their products for sale to the U.S. Department of Veterans Affairs ("VA").
In 2009 the Veterans Health Administration ("VHA") had over 485,000 acute inpatient/medical surgical procedures and over 400,000 outpatient endoscopy procedures. With expected increases to the already 27 million veterans who have unselfishly served their country; surgical procedures are increasing, necessitating increases in the demand for quality medical supplies. The challenge is balancing the needed increase in procedures and supplies while remaining focused on the priority of reduced spending. Healthcare industry analysts stress that current healthcare spending is not sustainable. SurgLine's intention is to address this issue by providing the highest quality surgical instrumentation at the lowest possible cost, with savings upward of 30%, which will revolutionize the historical costs of medical and surgical products.
"Richard Dutch, the President and Chief Operating Officer of SurgLine, Inc. and I have worked very successful, over the past 7 years, to penetrate the Veterans Integrated Service Networks ("VISN") markets and bring value and substantial cost savings to their facilities. Our relationship is based on trust, integrity and longevity. I look forward to continued success, working with Richard and SurgLine, as the VA Hospital System is in dire need for their services," stated Don Gonneville, President of Gonneville.
Mr. Tom Toland, CEO of SurgLine was quoted as saying, "SurgLine is excited to announce this agreement that will allow us to partner with Government facilities to address this dire situation and provide significant savings to VA facilities across the Country. We are extremely pleased to have a relationship with Don and his entire organization. Based on Richard's and Don's proven track record in successfully working with the VHA, we look forward to a win win scenario for our Company, the VA and all of the veterans they serve."
"This is another step in the management team of SurgLine executing their business model. SurgLine has put together an experienced group of executives who have individually had success in their careers and we look forward to all they can accomplish as one team. We believe the Company motto of 'more value for your healthcare dollar' is evidenced by their ability to source and distribute medical and surgical products without the historical brand premium markup. This can not only be an industry changer but as importantly assist and lower the cost of taking care of our veterans," stated Henry Fong, CEO of China Nuvo Solar Energy, Inc.
China Nuvo Solar Target Acquisition SurgLine Announces Third-Party Distribution Agreement With OptiMedical, Corp.
"OptiMedical is currently at a seven figure annual run rate with SurgLine and we expect the relationship to grow substantially as we continue to convert more of our customers."
China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. has executed a stocking distribution agreement with OptiMedical Corp. ("OptiMedical") of Simi Valley, California. OptiMedical is a distributor of orthopedic, spine and ENT products selling into hospitals and surgery centers.
Mr. Michael Todd, CEO of OptiMedical stated, "We are excited and look forward to a long term relationship to represent SurgLine as a stocking distributor. We have recently placed our third order for orthopedic related products and have been extremely satisfied with their customer service in the order and delivery process. The product quality has met or exceeded our customer's expectations, and the pricing has been very competitive. OptiMedical is currently at a seven figure annual run rate with SurgLine and we expect the relationship to grow substantially as we continue to convert more of our customers."
Mr. Tom Toland, CEO of SurgLine was quoted as saying "We are pleased to have executed a stocking distributor agreement with OptiMedical. Michael Todd and his team bring an invaluable distribution partner to SurgLine and its offering of FDA approved products. OptiMedical has more than 30 years of combined sales success selling to hospitals and surgery centers and to others on the West Coast."
"We believe this gives tremendous credibility to SurgLine's business model. To have the quality of a distributor such as OptiMedical to believe in SurgLine and the confidence to potentially convert his large customer base to SurgLine is a testament to their quality product, service and pricing. We believe SurgLine's ability to source and distribute medical and surgical products without the historical brand premium markup can be an industry changer", stated Henry Fong, CEO of China Nuvo Solar Energy, Inc.
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