Healthcare Industry News: Merck
News Release - July 25, 2011
China Nuvo Solar Introduces Management Team for Medical and Surgical Products Acquisition SurgLineWEST PALM BEACH, Fla., July 25, 2011 -- (Healthcare Sales & Marketing Network) -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced the executive management team to lead its planned acquisition of SurgLine, Inc. ("SurgLine").
"We are extremely motivated and determined to complete the acquisition of SurgLine at the earliest possible date. We are excited about the accomplished and highly experienced management team and SurgLine's business model. We believe their existing product sourcing and distribution relationships, combined with the healthcare industry's pervasive need to cut costs position the Company for tremendous success," stated Henry Fong, CEO of China Nuvo Solar.
Mr. Thomas Toland, CEO and founder. Mr. Toland has more than 30 years of healthcare management experience. Mr. Toland started his healthcare career with American Medical International, followed by financial management and corporate business development positions with Summit Health Ltd., OrNda HealthCorp, and Tenet Healthcare and two large not for profit hospital systems located in Southern California. Mr. Toland is a graduate of the University of Southern California with a major in Accounting in 1980.
Mr. Richard Dutch, President and COO, brings 24 years of healthcare industry experience. Previously Mr. Dutch was a Corporate Business Manager with 3M, for 17 years, responsible for the P/L, growth and management of the west region's Acute Care and Surgery Center business. Most recently, Mr. Dutch was the President at Sterling Medical Products, a national orthopedic distribution company. His areas of expertise are complex healthcare systems, GPO's, new product launches, navigating the government market, P/L, and client relationships. Mr. Dutch holds an MBA degree, as well as a BS degree in Health and Medical Science, Six Sigma certification and was instrumental for the launches of three successful start-up companies.
Mr. Barry Hollander, CFO, has held various accounting, senior management and executive financial positions. Mr. Hollander has vast public company experience and is currently the CFO of China Nuvo since 2002 and Techs Loanstar, Inc. since February 2010. From 1994 to 1999, Mr. Hollander was the CFO of California Pro Sports, Inc., an in-line skate importer, marketer and distributor. Mr. Hollander has a BS degree from Fairleigh Dickinson University.
Mr. Carl Weissberg, President, Surgical Spine Division, has over 20 years of executive level healthcare sales and business development experience. Previously, Mr. Weissberg worked for Merck & Co., Bristol Myers Squib, Steris and Innovex as a leading sales and business development manager. Mr. Weissberg has continually exceeded sales and earnings goals by implementing, developing and managing symbiotic partnerships between sales teams, marketing teams, and healthcare providers, including hospitals, surgery centers and insurance providers. As an independent sales consultant, Mr. Weissberg has extensive experience in selling spinal instruments and spinal implants and financing third party spine surgeries. Mr. Weissberg holds a Bachelors degree in Chemistry from Emory University.
Commenting on the new management, Mr. Fong stated, "These senior management additions are key to SurgLine's growth and will provide the Company with significant depth of experience, professionalism and integrity."
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospitals, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup. SurgLine's management team is well-respected and experienced in the healthcare industry.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Source: China Nuvo Solar Energy
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