November 14, 2008
Sunrise Consulting Group Inc. Signs Letter of Intent to Purchase Controlling Interest in Chinese Solar Company
Sunrise Consulting Group Inc. (Pink Sheets: SNRS) has signed a letter of intent to purchase up to 60% of Sunrise Solartech Co., Ltd. www.srsolartech.com. Sunrise Solartech was founded in March 2006 in Jiansu Province, China as a privately owned enterprise that specializes in designing, developing, manufacturing and marketing solar energy products. Sunrise Solartech is one of China's largest manufacturers of solar PV (Photovoltaic) products, including solar energy appliances, on-grid & off-grid solar power generating systems, and solar modules, of which it boasts an annual capacity of 40MW. Sunrise Solartech has established strong strategic business in the European Market in many major European Countries and has built a worldwide network for PV (Photovoltaic) production and raw material purchases. In its most recent internal reports (September 2008), Sunrise Solartech projects a net profit of US $2 million in 2008, US $5 million est. in 2009, and US $10 million est. in 2010. As a result of this acquisition, Sunrise Consulting Group expects to penetrate heavily into the North & South American markets and marketing of the Solar Modules.
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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.