InvestorsHub Logo

SAE

Followers 3
Posts 548
Boards Moderated 0
Alias Born 08/06/2009

SAE

Re: Doofenshmirtz Evil Inc post# 119718

Friday, 09/02/2011 11:45:48 AM

Friday, September 02, 2011 11:45:48 AM

Post# of 127409
I should have been more clear to include SYNJ's business relationship with BEEN (please see Press Release at bottom), whose CEO seems qualifed imo to help with the RFI. GLTA investors, Stockinvestor.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=42546
Officer and Directors: Cloyce Brent Riddle, Chairman, President, CEO, CFO and control person. Mr. Riddle has for the last 11 years, operated as an international business development consultant. After returning from Cairo, Egypt in 2004 and continued his career as a specialist in corporate development management. From 1988 through 1997 Mr. Riddle was in the US Navy or working with the Department of Defense, where he was a Plant Engineer specialist. His primary responsibilities were to manage the maintenance and repair of equipment, boiler water chemical treatment, and general oversight of electrical distribution systems, and diesel generating plants. After being honorably discharged from the Navy and from Naval Post Graduate School in 1997, Mr. Riddle then became the Operating Engineer for NASA’s AMES Research Center located in Mountain View, California. At that position through 1999, he was charged with the responsibility of operating and maintaining NASA’s research and development facilities. Mr. Riddle has earned credentials from Rosemont Control School, Rosemont, California for Digital Control Systems for Plant Engineers, Association of Plant Operating Engineers, Long Beach, California for Operations of Stationary Steam Generating Plants, US Navy, Gage Calibration Program, for calibration of high pressure steam air, and vacuum gages, and the US Navy, Water Chemistry School, for plant feed water and potable water chemistry control and testing. The combination of Mr. Riddle’s back ground in finance and plant engineering uniquely qualifies him as the President of a company specializing in bio fuels and alternative energy manufacturing development.

http://ih.advfn.com/p.php?pid=nmona&article=47051244
Better Environment Concepts Inc. Purchases 20% Interest in Sentinel Renewable Energy S.C., a Bio-Diesel Manufacturing Subsidiary

Better Environment Concepts Inc., (Pink Sheets:BEEN), announced that the CEO executed a Stock Purchase Agreement, (SPA), to purchase 20% of Sentinel Renewable Energy Inc. (SRE S.C.), a Bio-Diesel Manufacturing project located in South Carolina. SRE S.C. is a subsidiary of Syndication Inc. a publicly traded company trading over the counter under the symbol (Pink Sheets:SYNJ). In exchange for the 20% interest of SRE S.C., BECI provided, among other concessions, a $1,000,000 conditional draw down debenture and 10% of BECI's Common Stock. Conditional terms of the debenture include a conversion feature allowing BECI to convert its debenture into 7% to 11% of Syndication's Restricted Common Stock. The debenture will bear an interest rate floating between Prime + 1% and Prime + 3%. Both the conversion and interest rate will adjust based on a schedule related to the categorization and risk of the use of proceeds. For example, assets that can be collateralized, (plant, equipment, land), will bear a lower rate of interest and conversion ratio. Whereas, higher risk draws approved for the purpose of working capital and pay roll will fall into the higher rates of interest and conversion ratios. In conjunction with the $1 million debenture, BECI was also granted an oversight and disclosure agreement affording it strict rights and controls over the use of proceeds.

When asked about the acquisition, Brent Riddle, CEO of Better Environment Concepts Inc., (BECI), stated that "he was very excited about the investment into SRE S.C. It is true that BECI's interests are primarily in traditional fossil fuel industries and we are currently engaged in negotiations for the purchase of multiple fossil fuel based business properties. However, we believe the future of the energy industry is shifting toward the renewable energy markets and the SRE S.C investment is a great first step in that direction and complements our overall energy development pursuits."