July 2, 2008
Sunrise Consulting Group Inc. Nears Completion of Purchase of Chinese Iron Mines
Sunrise Consulting Group Inc. (Pink Sheets:SNRS) announced today that they have completed their due diligence and are making final preparations to acquire the Cao Tin Iron Ore Mines in Hunan Province, China. The process had been delayed for several months due to heavy snow storms in February, which resulted in many landslides caused by the melting of snow in the mountainous areas. Sunrise CEO Raymond Chin commented, "We are very excited to have now completed this final phase of fact-finding and anticipate final completion of the agreement to occur very soon. Worldwide prices of iron ore have increased more than 100% since December 2007, and we are well-positioned to capitalize on this situation. We look forward to a long lasting profitable return from these mines and see a bright future ahead of us at Sunrise."
ABOUT SUNRISE CONSULTING GROUP, INC. www.sunriseconsultinggroup.netSunrise's mission is to become a premier investment banking and financial group for companies in Asia and the Pacific Rim, bringing value to small and medium sized companies and assisting them in becoming listed on the USA Exchanges. The company's primary target areas include China, Hong Kong, Laos, Vietnam, Malaysia, Australia and possibly others in the Pacific Rim & Southeast Asia, with mainland China being the initial major focal point. Recent growth in these countries has been in the high double digits, and Sunrise intends to capitalize on this trend by building upon and adding to its current holdings, increasing sales revenues through upcoming acquisitions, including the Cao Tian Iron Ore Mines in Hunan Province, and continually expanding its portfolio into related areas.
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Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.