SHANGHAI, China, Feb. 10, 2012 /CNW/ - Sunbelt International Inc (http://www.sunbelt-inter.com/) (OTCBB: SUNB) is pleased to announce a letter of intent has been
signed with a private Chinese banking consortium to work with
non-dilutive equity financing. President of Sunbelt International Fang
Soo Liu commented, "Opportunities this partnership provides will enable
Sunbelt International to move forward with plans for expansion at a
With a recent major announcement estimating that wind power will account
for 20% of the world's electricity supply by 2030, the potential for
this renewable energy source around the world is at the highest level
it has ever been. Sunbelt International recognizes Wind and Solar
energy as one of the fastest-growing sources of energy.
Assisted by technological innovation and years of government subsidies,
the cost of both wind and solar power has fallen significantly. These
sustainable energy industries are striving to deliver electricity at
prices competitive with power derived from fossil fuels. Over the last
six years, wind turbine production has experienced 12-fold growth.
Mr.Liu states that, "Sunbelt International is strategically placed to
take advantage of the coming world wide demand." He further predicts
continuous growth at an increasing rate for many years to come.
SOURCE Sunbelt International Inc.
For further information:
Sunbelt International Inc. Fang Soo Liu President firstname.lastname@example.org