PHOENIX, AZ — (Marketwire) – January 3, 2012 — Zentric, Inc. (OTCBB: ZNTR) (OTCQB: ZNTR) William Tien, President of Zentric, Inc. is pleased to announce Zentric (HK) Limited, a wholly owned subsidiary of Zentric, Inc. has entered into a strategic partnership with Lightway Australia Pty Ltd. to form Zentric Solar, Inc. Zentric, Inc. will hold a 35% equity interest in the new partnership while Lightway Australia Pty Ltd retains a 60% equity interest with the balance of 5% owned by Commerce King Limited.
Mr. Tien remarked, “Zentric (HK) Limited will enjoy the financial benefits as a shareholder in Zentric Solar in addition to providing various contractual services to Zentric Solar including acting as Project Manager in future solar energy installations.”
Mr. Jeff Mak, CEO of Zentric, Inc. adds, “We are happy to be involved in Zentric Solar and to be at the forefront of the Renewable and Alternative Energy sector. We anticipate significant revenues derived from fees earned by us for project management services. ”
For further information on Zentric, please go to: www.zntr.com
For further information on Zentric Solar, go to: www.zentricsolar.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.