الموضوع في 'السوق الأمريكي للأوراق الماليه' بواسطة aladdinq8, بتاريخ 26 مارس 2009.
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Press Release Source: Syndication Inc.
Syndication Re-Signs 'Adventure Web Productions,' Award Winning Marketing Firm; CEO Asked Board of Directors (BOD) to Consider an Additional Rescission of 300 Million Common Shares
Wednesday March 25, 2009, 11:58 am EDT
Buzz up! Print.DAMASCUS, Md., March 25 /PRNewswire-FirstCall/ -- Syndication Inc. (Pink Sheets: SYNJ - News) is proud to announce that it has re-signed "Adventure Web Productions," a Baltimore, Maryland-based award-winning full-service custom marketing and software development firm to handle the product branding and marketing of Syndication, Pinnacle Energy and its Spinal Decompression Division. Adventure Web will develop the systems for an interactive communication platform designed to disseminate principal information to its vendors and public shareholders. The Company's website should be active within the next 2 weeks. The website was about to go active but was put on hold when the Company's equity financing evaporated in August of 2008 when the financial markets in the US and around the world melted down. "We're back on," says Brian Sorrentino, CEO of Syndication Inc. The site is expected to highlight Syndication Inc. (the parent Company) and Sy-Med Decompression. However, due to the sensitive nature of the developments currently under way, 'Pinnacle Energy' will be listed as 'Under Construction.' Further information from the Company acknowledged the action of the CEO who asked the BOD to consider an additional 300 million share rescission of the Company's common stock to Treasury. "We are involved in the process of Federal and State Funding, the issuance of a dividend, equity financing and taking on additional partners. The company needs to make room for a balanced capital expansion and my request of the BOD to rescind an additional 300 million shares is analogous with a responsible and comprehensive Company Capitalization Policy designed to increase equity valuation, enhance the potential for equity investment, discourage short trading activity and, most importantly, foster a longer term investor attitude," said Sorrentino. The Company indicates that additional announcements are pending.
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