China Nuvo Solar Energy Begins Debt Restructuring

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China Nuvo Solar Energy Begins Debt Restructuring

_{//science-technology.news-articles.net/content/2 .. nuvo-solar-energy-begins-debt-restructuring.html}
^{Published in Science and Technology on Monday, January 10th 2011 at 4:11 GMT by Market Wire}

WEST PALM BEACH, Fla.--([ BUSINESS WIRE ])--China Nuvo Solar Energy, Inc. (OTCBB: CNUV) announced today that it has begun a restructuring of its debt. At this time, over $500,000 of debt has been converted to common equity. The Company is taking this action to de-leverage the balance sheet in preparation to pursue other business opportunities.

The Company is presently reviewing several potential new business opportunities and is in preliminary discussions, however no agreements have been reached.

China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology.

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.

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