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Thursday, September 16, 2010 7:08:56 PM
Sep 16, 2010 (M2 PRESSWIRE via COMTEX) -- New York, NY, aEUR" ItsAllBull.NET, a leading financial community forum is now featuring Syndication, Inc. (OTCPK: SYNJ). SYNJ is one of the small cap companies listed in the IAB MCSC Index, which has been over performing the Dow Jones and S&P TSX indices since its inception in September of last year.
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DAMASCUS, Md., Sept. 14, 2010 aEUR" Syndication Inc., announced that the Board of Directors agreed to vote on the sale terms of approximately 20% of Sentinel Renewable Energy S.C., (SRE S.C.). SRE S.C., a subsidiary of Syndication Inc. is the CompanyaEUR(TM)s bio-diesel manufacturing project located in South Carolina. Until the Board votes to approve the sale, the company can not release the exact terms of the transaction but, the broad strokes of the agreement include an exchange of 18% to 30% interest in SRE S.C. for an estimated payment of approximately $1 million dollars, a contractual agreement granting the purchasers oversight of their $1 million investment, 2 (two), consulting arrangements, (one for market development and the other for plant engineering management), and a 10% common stock dividend of the purchasing company to be paid to the shareholders of Syndication Inc. The CEO of Syndication asked the BOD to approve an additional 2% to 5% common stock dividend of SyndicationaEUR(TM)s stock to be paid in conjunction with the settlement of the % sale of SRE S.C.
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