Zentric, Inc. Announces Joint Venture Agreement to Develop and Operate Battery Manufacturing Plant in China
Comtex News Network “Filing Services Canada “
Mississauga, Ontario CANADA , Oct 18, 2010 (Filing Services Canada via COMTEX) — Zentric, Inc. (ZNTR – OTCBB),
Mr. Jeff Mak , President and Chief Executive Officer of Zentric, Inc. announced today the signing of a Joint Venture agreement to build and operate a battery manufacturing plant in Jilin Province , China .
Zentric will own 70% of the new Joint Venture corporation and our China based partner will own 30%. Our partners will contribute approximately 7.4 acres of land in Jilin, China and have agreed to participate in the construction and operation of the plant.
Details outlining this joint venture will be filed via form 8-K with the Securities and Exchange Commission .
Mr. Mak commented; ” Zentric is pleased to announce this milestone Joint Venture agreement with our experienced and capable China -based partner. We look forward to informing shareholders about other important corporate developments in the very near future.”
Investors and other interested parties are invited to contact the company for further information and visit the company website; www.zbatt.com.