![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, September 16, 2009 4:58:36 PM
Posted by: Sully Date: Tuesday, September 15, 2009 11:53:25 AM
In reply to: None Post # of 78197
NEWS! Syndication Inc. Announces Mac Marshall Jr. Agrees to Terms on 75,000 sq. ft. Warehouse Purchase; Moves Pinnacle/SRE S.C. Project Forward
Last update: 9/15/2009 11:46:00 AM
--CEO Reminds Shareholders of the 2% Common Stock Dividend Record Date of Oct. 19th 2009
DAMASCUS, Md., Sept 15, 2009 /PRNewswire-FirstCall via COMTEX/ -- 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.
Contact Information: Syndication Inc., Brian Sorrentino Phone # 888-422-5515
For all mail correspondence; PO Box 503, Damascus, MD 20872
SOURCE Syndication Inc.
Copyright (C) 2009 PR Newswire. All rights reserved
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM