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NSOL Nitol Solar Wi

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Share Name Share Symbol Market Type Share ISIN Share Description
Nitol Solar Wi LSE:NSOL London Ordinary Share JE00B2NX5G06 ORD 10P (WI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Inter-Americas, Inc. Completes Its Due Diligence and is Moving Forward on the NSOL/FFI Acquisition

21/05/2008 1:30pm

PR Newswire (US)


Nitol Solar Wi (LSE:NSOL)
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WOODSTOCK, Ill., May 21 /PRNewswire-FirstCall/ -- Inter-Americas, Inc. (IA) has completed its due diligence based on all of the available information presented on the potential NSOL acquisition. IA and the senior management of NSOL, and its wholly owned subsidiary FFI (OTC:NSOL.OB) (BULLETIN BOARD: NSOL.OB) , have been engaged in final negotiations for this acquisition. IA has been concerned about the recent market conditions and share price of NSOL shares, but in spite of these factors are moving forward because of the over-whelming support by local government, as well as the multiple opportunities that exist in the State of Kentucky that FFI has begun to capitalize on regarding the coal to liquid fuels proposed facilities. IA acknowledges the current management team of NSOL/FFI and commends them for their efforts in developing the State of Kentucky CTL business opportunities with very limited resources available to date. Based on this information, IA will follow through with its upcoming trip overseas to discuss and implement plans for this acquisition with its overseas investors and lenders. Upon returning from these meetings, IA will proceed accordingly on this acquisition. 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, IA's overseas investors and lenders still reviewing their participation in this transaction, among others, the 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, President, COO of Inter-Americas, Inc., +1-630-893-9400

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