NSOL (0.61) Nuclear Solutions, Inc. $1.50 Cash Offer on a Fully Diluted Basis
Friday, January 18 2008 3:38 PM, EST PR Newswire "US Press Releases " WOODSTOCK, Ill., Jan. 18 /PRNewswire/ -- Inter-Americas, Inc. (IA) management instructed its SEC attorneys at Klehr, Harrison, Harvey, Branzburg & Ellers, LLP to proceed forward and enter into agreements with a selected depositor bank and information agent to finalize IA's Tender Offer for Nuclear Solutions, Inc. (OTC Bulletin Board: NSOL.OB).
In a December 21, 2007 letter to Nuclear Solutions, Inc. , Inter-Americas, Inc. outlined its intention to purchase all outstanding common stock (on a fully diluted basis), assets, technologies, current and future business operations and its wholly-owned subsidiary Fuel Frontiers, Inc. (FFI)
"Receiving a very positive response from Nuclear Solutions' Board of Directors in their January 17, 2008 letter, we have entered into substantial negotiations to move forward with our intended offer for the company, including all fully diluted shares. While awaiting prior requested reports, we are proceeding expeditiously on this process and with Nuclear Solutions' shareholder approval; the merger should be completed within 30-days," said Larry Romano, president, Inter-Americas, Inc.
This press release contains forward-looking statements that involve risks and uncertainties concerning Inter-Americas' acquisition of Nuclear Solutions, Inc. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, ability of the parties to complete the proposed transaction; the successfully integration of operations and employees; and general economic conditions.
Contact: Larry Romano Phone: (630) 893-9400
SOURCE Inter-Americas, Inc.
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0.72
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Strong close, should gap up Tuesday
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This seems to be a done deal, looking forward for the bagger
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