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Syndication Inc. Announces Mac Marshall Jr. Merged Pinnacle Energy with Sentinel Renewable Energies in South Carolina; Phase 1;
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.
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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Syndication Inc. Company Quarterly Filing Reveals 30 Million in Funding Plans; Upgrades Listing Status
DAMASCUS, Md., Aug 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- - Syndication Inc., (Pink Sheets: SYNJ), reports that on August 14th, 2009, the Company filed its Quarterly Financial Statement which included Note 5 'Subsequent Events.' Of the many achievements highlighted, the last item of Note 5, titled 'Funding: Currently in Process', clearly draws recognition to the Company's 30 million dollar financing procurement activities which until now have been undisclosed.
NOTE 5 - SUBSEQUENT EVENTS
Pinnacle Energy Inc.; March 11th, 2009
On March 11th, 2009 the Company officially launched Pinnacle Energies Inc., a wholly owned subsidiary that was legally established on September 19th of 2008. The Subsidiary has been set up for the purpose of exploiting the opportunities fostered by the recent birth of the Alternative Energy Industry.
Web Sites Activation; April 29th, 2009
The Company engaged 'Adventure Web Productions', a Baltimore, Maryland based award winning full service custom marketing and software development firm, to handle product branding and the marketing of Syndication, Pinnacle Energy and its Spinal Decompression Division. The Web sites went live on April 29th, 2009.
5% Dividend; April 29th, 2009
The Company issued to all shareholders of record on April 29th, 2009 a 5% restricted common stock dividend.
President of Pinnacle Energies Inc.; May 19th, 2009
On May 19th, 2009 the Company appointed McCutheon Marshall Jr. as the President and Chairman of the Board for Pinnacle Energy Inc., the wholly owned energy subsidiary of Syndication Inc. Mr. Marshall's vision is to become a worldwide icon and leader in the alternative energy production industry. His primary job is to direct the Federal and State financing in both the grant and loan activities for the Company as well as overseeing the general implementation of its business plan.
Methes Energies Canada Inc.; July 1st, 2009
On July 1st 2009 the Company announced that on April 3rd, 2009 it had executed a 'Territory and Purchase Agreement' with Methes Energies Canada Inc. Methes Energy is located in the Mississauga, province of Ontario, Canada and is in the business of developing, marketing and selling turnkey continuous flow biodiesel processor systems named "the Denami 600". The agreement calls for the purchase of mutable 'Denami 600' units and excludes Methes from soliciting any engagements in the Counties of Williamsburg and Berkeley in the State of South Carolina.
On July 29th, 2009 the Company reported that McCutcheon Marshall Jr., President and Chairman of the Board for Pinnacle Energy Inc., launched phase 1, Bio-Diesel, of the Sentinel Renewable Energy program in South Carolina, (Sentinel Renewable Energies S.C. Inc.). The Company reported 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 energy development.
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 Chittavajhula as the Chief Financial Officer & Treasurer. The Advisory Board includes: Member; Perichyappan Senthilnathan, Member; Kabir Ratnani and Member; Nicholas Ng. As a point of 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, a TCS production and shipping Corporation located in Zibo, China and is engaged in the solar power energy industry.
Funding: Currently in process;
The Company is in the process of procuring Federal and State Government Grant financing amounting to 25 million dollars as well as Government guaranteed Bank financing in the amount of 3.5 million dollars and private financing amounting to 1.5 million dollars. At this time, for matters of confidentiality the Company will not disclose the names of the banks, government agencies, or college institutions that it is currently engaged with.
When McCutcheon Marshall Jr. the President and COB of SRE S.C. and Pinnacle Energy Inc., the wholly owned subsidiary of Syndication Inc., was asked to comment on the filing he stated "these matters are the responsibility of Syndication Inc. and Mr. Sorrentino. However, I yield to Mr. Sorrentino, the CEO of Syndication Inc., and completely understand why he only whishes to release the minimum information required to meet the Company's listing compliance qualifications. The funding institutions and process I'm working with is sensitive in the least, and the Approval Panels are required to remain independent both factually and in appearance. Shareholder inquisition about the status of our funding would only serve to undermine my efforts. I hope that's clear enough for all of interest," said Marshall Jr. the CEO of Sentinel Renewable Energies S.C. Inc.
When Mr. Sorrentino, the CEO of Syndication Inc., was asked to comment on the filing he stated, "I have NO comment, it is what it is. You either like our Company or you don't. However, I appreciate the upgrade of our compliance listing. But, let me be clear, my goal is to generate an environment that fosters long term investment activity based on the intrinsic asset valuation and growth of the Company. I do not routinely concern myself with the day to day market price fluctuations of our stock. As the Company grows, it will be reflected in the share price. I would rather talk about the dividend the Board is voting on in 2 days and our new Information Analysis Firm that the Board has voted to approve. When it's time to announce the terms of the 30 million dollars in funding, I WILL, and not before," said Sorrentino, the 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.
New Contact Information; Syndication Inc., Brian Sorrentino Phone # 888-422-5515
For all mail correspondence; PO Box 503, Damascus, MD 20872
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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