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Wednesday, July 22, 2009 2:05:07 PM
DAMASCUS, Md., July 1 /PRNewswire-FirstCall/ -- Syndication Inc., (Pink Sheets: SYNJ - News), reports that on April 3rd, 2009 McCutcheon Marshall Jr., President and Chairman of the Board for Pinnacle Energy Inc., the wholly owned energy subsidiary of Syndication Inc., 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 multiple 'Denami 600' units and excludes Methes from soliciting any engagements in the Counties of Williamsburg and Berkeley in the State of South Carolina.
When asked about the Methes relationship Marshall stated "its just one of many developments that Sorrentino and I have been working on for months. It is true that we are sharing board members with Pinnacle, SRE, Methes and now SunSi, but, one of the most important developments of the project is the financial community cultivated by Syndication. It's a great team and at this point we see no limits to our potential. My 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. Because of my relationship with Pinnacle, we have been able to move forward at an accelerated pace and achieve goals, including grant and loan financing, that I have been advised not to speak of at this time. I would yield to Mr. Sorrentino's advice to the CEO of Syndication Inc., 'it's best to hold our cards close to the chest for the time being'," said McCutcheon Marshall Jr. the President of Pinnacle Energy Inc. and Sentinel Renewable Energies Inc.
As a point of clarification the Company would like to state that on April 16th, 2009 it officially engaged the 'Rossi Law Firm' to handle the project developments of its Pinnacle Energy Division. Mr. Rossi is a Principal of the firm with over 20 years of experience at securities law, international legal affairs and direct investment. Mr. Rossi provides integrated strategies for managing the most difficult of structural issues including securities offering materials, SEC filings to go public, anti-takeover strategies, financial presentations and capital raising plans, annual shareholder meeting preparation, valuations and corporate governance.
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