Sunbelt Finalizes LOI With Private Bank
December 05 2011 - 9:49AM
Marketwired
Sunbelt International Inc. (PINKSHEETS: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.
Contacts: Sunbelt International Inc. Fang Soo Liu
Presidentfangsooliu@sunbeltenergy.netinfo@sunbeltenergy.netwww.sunbeltenergy.net
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