Published:
Inter-Americas Update on NSOL/FFI Acquisition
Inter-Americas Update on NSOL/FFI Acquisition
WOODSTOCK, Ill., May 14 /PRNewswire/ -- Inter-Americas, Inc. (IA) has
continued to perform its due diligence on the potential NSOL transaction since
making its unsolicited bid offer in December 2007. There have been extensive
negotiations ongoing with the senior management of NSOL and its wholly
subsidiary FFI (OTC Bulletin Board: NSOL), as well as providing information
about the company and its ongoing projects.
IA is very encouraged to learn about the opportunity in theState of
Kentucky regarding the coal to liquid fuels proposed facility to be built in
Muhlenberg County and operated by NSOL/FFI. This is the initial facility out
of the five proposed CTL facilities to be built in theState of Kentucky.
IA is currently waiting on NSOL/FFI to get the project in theState of
Kentucky into a position whereby the lease site, feedstock agreements, and
State Grant funding for engineering and development have been put into place
with FFI's local partner, Kentucky Fuels Associates, Phoenix Coal Company and
theState of Kentucky. IA has been assured that theKentucky project is
moving forward and will be signed off by all parties in the near future.
Based on this information, IA will continue its due diligence evaluation for
the NSOL/FFI transaction and decide how to proceed accordingly.
Disclaimer
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.
SOURCE Inter-Americas, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Oil, Gas and Energy, Banking and Finance, , illinois, kentucky
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