PHOENIX, Dec. 15, 2011 /PRNewswire/ — Zentric, Inc. (OTCBB: ZNTR) (OTCQB: ZNTR) William Tien, President of Zentric, Inc. is pleased to announce the establishment of a 100% wholly-owned Hong Kong subsidiary to facilitate the huge growth opportunity that China presents.
Mr. Tien remarked, “Zentric (HK) Limited will strategically position our company’s operations within China allowing us to take full advantage from a finance, logistics, marketing and human resources viewpoint.”
Mr. Jeff Mak, CEO of Zentric, Inc. adds, “Our strategic plan is well underway and a substantial amount of our future revenue will be originated in China so it was imperative that we operate from a local presence. This demographic positioning has made it significantly easier to enter into negotiations for Joint Ventures, Acquisitions and Partnerships with Chinese corporations.”
For further information on Zentric, please go to: www.zntr.com.
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.
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SOURCE Zentric, Inc.