Syndication Inc.: BOD Accepts $6.5 Mill International; Company's S. Carolina 'Energy City' Projects Attract International Invest
25 Janeiro 2010 - 12:25PM
PR Newswire (US)
DAMASCUS, Md., Jan. 25 /PRNewswire-FirstCall/ -- Syndication Inc.,
(Other OTC: SYNJ.PK), The Company announces that on January 18th,
2010 McCutcheon Marshall Jr., President and Chairman of the Board
for Sentinel Renewable Energy S.C. Inc. and Pinnacle Energy Inc.,
the wholly owned energy subsidiary of Syndication Inc., agreed to
the terms and executed a loan commitment for a $5 million dollar,
10 year loan, bearing interest at a rate of 4% annually. The
Company's cash match requirement is $1.5 million bringing the total
asset commitment for the Kingstree South Carolina Bio-diesel
Manufacturing facility project to $6.5 million dollars. When the
President, Mac Marshall Jr., was asked to comment on the financing
he stated, "I don't have the luxury of relaxing. I want to move
forward with the execution of SRE S.C.'s business plan. My first
action is to settle on the 75,000 sq. ft' Kingstree warehouse and
the Methes Canada purchase of the 2 Denami 600's. I know every one
is excited about our financing but, you should understand, in my
opinion, I have assembled a world class team and charged them the
simple task of not creating an 'Energy Revolution' but, grabbing as
much of it as they can over the next 10 years. This is a great
venture and one that I feel privileged to be a part of. The State
of South Carolina is the frontier of the 'Renewable Energy
Revolution' and I can't wait to look at us in the year 2020," said
Mac Marshall Jr. President and Chairman of the Board of Sentinel
Renewable Energies S.C. When the CFO, Peter Katzburg, was asked to
comment on the financing he stated, "I've built and financed many
companies over the last 35 years, both small and Fortune 500. In
this Company, I see the same fundamentals that were prevalent in my
past successes. However, the difference in this project lay in the
opportunity to build a Company which stands at the precipice of a
global shift in our industrial energy environment. We are at the
beginning of an Energy Revolution and all indices point to a global
economic shift in energy consumption. In fact, it resembles the
second industrial revolution of 1850. It gained momentum with the
development of steam-powered ships and railways, and ultimately
lead into the 19th century with the internal combustion engine and
electrical power generation. This is where we are. No doubt, there
are a number of frontiers in this 'Renewable Energy Revolution'
but, the State of South Carolina is one of the big fronts," said
Peter Katzburg, the CFO of Sentinel Renewable Energy, S.C. When the
CEO, Brian Sorrentino was asked to comment on the financing he
stated, "As mentioned in earlier news releases, the Company will
continue to pursue multiple sources of financing however, we are
extremely excited about this particular arrangement. The Madrid
finance group is already considering finance packages for
additional projects in our Energy City agenda, specifically the
Palmetto Gas Pipe Line. They are reasonable in cost, faster and
more predictable then the government, extremely well capitalized
and motivated to grab - with us - a piece of South Carolina and the
renewable energy revolution. I can't ask for a better partner. In
the Kingstree S.C. Bio-diesel manufacturing facility, we have
staked our claim in the State of South Carolina and the frontier of
global renewable energy. It's my strategy to dig in, plant our flag
and hang on. In my opinion, with this crew and a couple of smart
moves, over the next 10 years, the natural growth of the industry
will carry us into a rich and profitable future," said Brian
Sorrentino, the CEO of Syndication Inc. News Pending. Syndication
Inc Box 503 Damascus, MD. 20872 P# 888-422-5515 F# 301-560-6318
http://www.syndicationinc.net/ This press release may contain
forward-looking statements covered within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to, among other things, plans and
timing for the introduction or enhancement of our services and
products, statements about future market conditions, supply and
demand conditions, and other expectations, intentions and plans
contained in this press release that are not historical fact and
involve risks and uncertainties. Our expectations regarding future
revenues depend upon our ability to develop and supply products,
which we may not produce today and that meet defined
specifications. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology
and changes in pervasive markets. Contact Information; Syndication
Inc., Brian Sorrentino Phone # 888-422-5515 or go to;
http://www.syndicationinc.net/ DATASOURCE: Syndication Inc.
CONTACT: Brian Sorrentino of Syndication Inc., 1-888-422-5515 Web
Site: http://www.syndicationinc.net/
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