PHOENIX, AZ--(Marketwire - Jun 15, 2012) - Zentric, Inc. (OTCQB: ZNTR) (OTCBB: ZNTR) announced today that William Tien, President of Zentric, Inc., and the Vendors of Innovative Solar I, LLC and Innovative Solar II, LLC, have mutually agreed to terminate an agreement for Zentric to purchase two separate 800KW solar power plants in Leicester, North Carolina.
Zentric is in the final stages of securing project financing that will put the Company in a strong position to pursue similar projects from these and other vendors over the next weeks and months.
For further information on Zentric, please go to: www.ZNTR.com
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 and project management of a solar energy project 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.