Syndication Inc. Announces Mac Marshall Jr. Signs Former CFO of Fortune 500 Company; Company Preps for Government Funding
November 03 2009 - 10:47PM
PR Newswire (US)
DAMASCUS, Md., Nov. 3 /PRNewswire-FirstCall/ -- Syndication Inc.,
(SYNJ.PK), reports that 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., announces that on Sunday the 25th of October
2009, Sentinel Renewable Energy S.C. Inc. signed Mr. Peter Katzburg
as the new CFO of the Company. Mr. Katzburg has over thirty years
of experience including service as the CFO of a Fortune 500 and a
Fortune 1000 company. He currently owns and operates a Financial
Consulting Firm located in South Carolina. The firm specializes in
a broad and comprehensive range of financial services that focus
primarily on procuring working and growth capital for Companies.
The various sources include commercial and government loans,
grants, and equity. Over the years Mr. Katzburg has supervised and
implemented many projects for businesses throughout the State of
South Carolina. As a result, he has developed strong banking
relationships, secured various state, county and community
incentive grants, JEDA Industrial Revenue Bonds, USDA funding, DOE
Funding, negotiated incentives and secured funding from the S.C.
Department of Commerce, Williamsburg County and the Williamsburg
County Rural Development Fund. For the last 6 months, Mr. Katzburg
has been working as a private consultant for the Company. He was
the chief architect of our $25 million DOE grant application and
our 3.5 million government guaranteed loan application, both of
which are pending approval. "The fact that he has officially
accepted the position of Chief Financial Officer of our company
says volumes about his perception of our Company's potential as
well as enhancing the favor of the strategic alliances that follow
him," says Mac Marshall Jr. the President of Sentinel Renewable
Energy S.C. Inc. and Pinnacle Energy Inc. When Mr. Sorrentino was
asked to comment on the new CFO he stated, "whenever the Company
has the opportunity to bring on a professional with Mr. Katzburg
credentials, you have to consider yourself extremely fortunate. Mr.
Katzburg has worked with many companies in the State of South
Carolina and has successfully closed financing programs with both
the DOE and USDA. The fact that he has such strong and familiar
ties to those agencies obviously gives him a valuable insight on
how to build our finance and cash flow matrix models to meet all
specifications. However, even more important is that the agencies
and banks we are currently working with now know that he is not
just acting as an agent for our Company but, as the CFO he will be
in charge of supervising the finance programs they are funding.
From there perspective the potential of our Company has got to look
great. In my opinion, the last remaining concerns about moving to a
close have been defused," said Brian Sorrentino the CEO of
Syndication Inc. The Company reports that more news is pending.
Contact Information: Brian Sorrentino Phone # 888-422-5515
Syndicationinc.net For all mail correspondence; Box 503, Damascus,
MD 20872 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. DATASOURCE:
Syndication Inc. CONTACT: Brian Sorrentino of Syndication Inc.,
1-888-422-5515 Web Site: http://www.syndicationinc.net/
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