Syndication Inc. Announces Mac Marshall Jr. Merged Pinnacle Energy with Sentinel Renewable Energies in South Carolina; Phase 1;
July 30 2009 - 11:29AM
PR Newswire (US)
DAMASCUS, Md., July 30 /PRNewswire-FirstCall/ -- Syndication Inc.,
(Pink Sheets: SYNJ), reports that McCutcheon Marshall Jr.,
President and Chairman of the Board for Pinnacle Energy Inc., the
wholly owned energy subsidiary of Syndication Inc., launched phase
1; Bio-Diesel, of the Sentinel Renewable Energy program in South
Carolina, (Sentinel Renewable Energies S.C. Inc.). The Company
reports that the launch of the South Carolina 75,000 square foot
Bio-Diesel facility is the first phase of a 3 phased commitment
which includes wind and solar and was originally entered into as an
LOI between the Companies 4 months ago in late March of this year.
The Officers, Directors, and Advisory Board of SRE S.C. Inc.,
include: McCutcheon Marshall Jr. as the President and Chairman of
the Board, Brian Sorrentino as the CEO, Mark Solomon as the
Executive Vice President, Howard Siegel as the Secretary, and
Mrutyunjaya Chittavajhulas as the Chief Financial Officer &
Treasurer. The Advisory Board includes: Member Perichyappan
Senthilnathan, Member Kabir Ratnani and Member Nicholas Ng. As a
point of legal disclosure SRE S.C. is in a contractual relationship
and/or shares advisory board members with Methes Energies Canada
Inc. Methes Energies is located in the Mississauga Province of
Ontario, Canada and is in the business of developing, marketing and
selling turnkey continuous flow bio-diesel processor systems named
"the Denami 600," and Sun Si Inc., a TCS production and shipping
Corporation located in Zibo, China and is engaged in the solar
power energy industry. When asked to comment on the merger Marshall
Jr. said, "The only specific comment I have on the merger, is that
I think it's great. It has allowed us to accelerate the
developments of the Company and achieve goals much faster then we
originally anticipated. However, as far as I understand, it was
done some time ago. It's the corporate policy style to let internal
developments of the Company season a bit before releasing news.
Corporate structure is the responsibility of Mr. Sorrentino the CEO
of Pinnacle/SRE S.C. and Syndication. My responsibility is to
manage the federal, state, and local financing that we are
currently engaged in as well as overseeing the general
implementation of the Company's business plan. Over the last 4
months we have engaged in supply contracts, 'Cost Plus' off take
agreements for 90% of our bio-diesel production with private,
government and military agencies, warehouse and land purchases,
local trucking and transportation, local S.C. live and dry farming
industry, and most importantly the grant study requirement
relationships with major South Carolina collagen institutions, all
of which, for strategic purposes, Mr. Sorrentino wishes I not name
at this time. As the legal department becomes comfortable it will
allow me to release the details of these relationships, including
the financing, but, not before," said Marshall Jr., President of
Sentinel Renewable Energies S.C. Inc. When Mr. Sorrentino, the CEO
of Syndication was asked to comment on the merger he stated, "Mac
has assembled a 'World Class Team,' why is anyone surprised? We are
equipped with every tool needed to succeed. The technical,
financial, (federal, state, private and public), legal, and
political (Senators, Congressmen, Governors) pieces are on board.
Mac moves fast. In just 4 short months he has launched the
Bio-Diesel Phase of the program and has me working on Phase 2. It
seems T Boone has a bunch of wind turbines with no homes and his
garage is too small to store them. As the Appointed
Co-Representatives of Maryland's 6th District of the Pickens Energy
Project, can you see what Mac and I see???? We might be able to
find homes for a few of them," said Sorrentino, CEO of Syndication
Inc. News Pending. 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. News Contact Information; Syndication Inc., Brian
Sorrentino Phone # 888-422-5515 For all mail correspondence; Box
503, Damascus, MD 20872 DATASOURCE: Syndication Inc. CONTACT: Brian
Sorrentino of Syndication Inc., +1-888-422-5515 Web Site:
http://www.syndicationinc.com/
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