acquisition has SYNI up on significant volume today.
Syngas International to Purchase Salmon Arm Plastics
MONDAY, JULY 17, 2006 9:40 AM
- Market Wire
SALMON ARM, BC and LAS VEGAS, NV, Jul 17, 2006 (MARKET WIRE via COMTEX) -- Syngas International Corp. (SYNI) , an emerging leader in the development and production of hydrogen enriched alternative fuels in an environmentally responsible manner, is pleased to announce it has entered into a Letter of Intent to purchase 100% of the shares of Salmon Arm Plastics Ltd (SAPL). Upon completion of the transaction, SAPL will become a wholly owned subsidiary of SYNI.
SAPL manufactures thin roll clear plastic sheets from recycled pop and water bottles which in turn are made into what are called clam shells. These clear plastic clam shells are the same ones used in supermarkets for packaging fruits and vegetables.
More comprehensive news releases will follow as developments occur.
About Syngas International Corp: www.syngasinternational.com
Syngas International Corp. (SYNI) , through its subsidiary, Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. We believe our superior technology will catapult our company into a GREEN POWERHOUSE. With energy prices at high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. Our technology is based on clean renewable energy. We foresee our company poised to benefit from global trends.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "foresee," "revolutionary," "should," "ideal," "extremely," and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Fairchild's filings with the Securities and Exchange Commission, including, without limitation, Fairchild's recent Form 10-KSB and Form 10-QSB, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Contact:
Syngas International Corporation
Investor Relations
1-888-646-5611
syngasinternational.com
SOURCE: Syngas International Corp.
syngasinternational.com
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