Syndication Inc. Announces Mac Marshall Jr. Agrees to Terms on 75,000 sq. ft. Warehouse Purchase; Moves Pinnacle/SRE S.C. Projec
September 15 2009 - 11:46AM
PR Newswire (US)
CEO Reminds Shareholders of the 2% Common Stock Dividend Record
Date of Oct. 19th 2009 DAMASCUS, Md., Sept. 15
/PRNewswire-FirstCall/ -- Syndication Inc., (Pink Sheets: SYNJ.PK),
reports that on August 25th, 2009, McCutcheon Marshall Jr.,
President and Chairman of the Board for Sentinel Renewable Energy
S.C. Inc. (SRE, S.C. Inc.) and Pinnacle Energy Inc., the wholly
owned energy subsidiary of Syndication Inc., agreed to the terms of
purchase for a 75,000 Sq. Ft warehouse to be purchased from the
Williamsburg Warehouse Company, Inc., a corporation organized and
existing under the laws of South Carolina, with its principal place
of business in Kingstree, South Carolina, (Seller Corporation); and
SRE, S.C. Inc., a corporation organized and existing under the laws
of South Carolina, (Buyer) agreed to purchase the warehouse at the
price of $600,000 dollars. When Mr. Marshall Jr., President of
Sentinel Renewable Energy S.C., was asked to comment on the
agreement, he stated, "It's great, this represents the last use of
proceeds requirement of the 3.5 million dollar government
guaranteed bank financing that the company is procuring. The
warehouse is a perfect fit. It meets every specification required
for the instillation and operation of the Denami 600 units being
supplied by Methes Canada Inc., and will provide ample room for
future expansion." The CEO would like to remind and reinforce the
shareholders of the pending RECORD DATE of the 2% dividend that is
to be paid on all shares owned as of the record date 'October 19th
2009'. "The dividend policy of the Company is designed to increase
equity valuation, enhance the potential for equity investment,
discourage short trading activity and, most importantly foster a
longer term investor attitude. As the growth in valuation of the
Company becomes realized the dividends will become a strong
attraction to new shareholders," said Brian Sorrentino, the CEO of
Syndication Inc. The Company indicates that additional
announcements are 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. For more information, please
visit http://www.syndicationinc.net/ Contact Information:
Syndication Inc., Brian Sorrentino Phone # 888-422-5515 For all
mail correspondence; PO Box 503, Damascus, MD 20872 DATASOURCE:
Syndication Inc. CONTACT: Brian Sorrentino of Syndication Inc.,
+1-888-422-5515 Web Site: http://www.syndicationinc.net/
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