NEW YORK, June 7, 2012 /PRNewswire/ -- Zentric Inc. (OTCQB: ZNTR) William Tien, President of Zentric Inc., is pleased to announce Zentric has opened an office at 295 Greenwich Street (Wall Street), # 572, New York, NY 10007.
Mr. Tien remarked, "We are very pleased to have opened a second office in the USA in the financial district to provide better access to the financial community as we expand our footprint in the United States. Our solar power business in particular has explosive growth potential that requires ongoing capital to fund site acquisition, construction and inventory procurement and being located on Wall Street will be very advantageous for us."
Mr. Tien continues, "Zentric has spent many months solidifying relationships with solar farm project developers, solar panel suppliers and companies that can provide financing options for us to acquire and build solar projects owned 100% by Zentric. We have over $100 million worth of projects available to us that we would like to acquire and begin construction on in 2012."
Mr. Jeff Mak, CEO of Zentric Inc., adds, "This will be a major undertaking from both a logistics and capital perspective as we continue to look for opportunities to increase our Solar Power Plant footprint primarily in North Carolina as it remains a developer friendly state offering attractive 35% tax incentives in conjunction with the 30% tax credit obtainable from the federal government."
For further information on Zentric, please go to: www.ZNTR.com
About Zentric Inc.
Zentric Inc. is a technology company that believes in making our contribution to saving the environment through the development of advanced patented battery technologies and in support of alternative energy and various other "green" initiatives. Zentric Inc. has recently become actively involved in the supply, project management and ownership of solar energy projects in the USA and will continue to seek similar opportunities to participate in Renewable and Alternative Energy initiatives on a global basis.
Forward-Looking Statements: Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
William Tien, President
E-mail: [email protected]
US Mobile: +1 (520) 818 4155
China Mobile: +86 155 7744 6978
The Eversull Group, Inc.
Jack Eversull, President
SOURCE Zentric Inc.