Inter-Americas Update on NSOL/FFI Acquisition
May 14 2008 - 8:00AM
PR Newswire (US)
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:NSOL)
(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 the State 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 the State of Kentucky.
IA is currently waiting on NSOL/FFI to get the project in the State
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 the State of Kentucky. IA has
been assured that the Kentucky 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.
DATASOURCE: Inter-Americas, Inc. CONTACT: Larry Romano for
Inter-Americas, Inc., +1-630-893-9400
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