Nano Chemical Systems Holdings to Merge with SolarDiesel |
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Nano Chemical Systems Holdings, Inc.
105 Park Ave.
Seaford, DE, 19973
USA
Press release date: March 7, 2007
Company Is Positioned to Become Largest Biodiesel Producer With 45 Million Gallon Per Year Plant
SEAFORD, Del., March 7 -- Nano Chemical Systems Holdings, Inc. (BULLETIN BOARD: NCSH) , announced today plans to merge with SolarDiesel, Inc. a biodiesel manufacturing and distribution operations.
The transaction has a value in excess of $100,000,000.
John Stanton, Chairman of SolarDiesel, announced the rationale for this move. "Our Investment Banking advice was to find a high-tech company with synergistic products and conduct biodiesel operations through a single, focused entity. We have already sold more that 1 million gallons of palm biodiesel. The Company's business plan has been well received by the investment banking community."
Dr. Matthew Zuckerman, CEO and President of NCSH, commented: "This is a green letter day for NCSH shareholders. SolarDiesel has a unique biodiesel manufacturing capability and NCSH has the nano-technology to improve all biodiesel products usability and shelf-life. With an uninterrupted supply and control from feedstock to final product, NCSH can now accomplish its mission of fully advancing nano-technology into the mainstream production and expansive distribution of bio-friendly diesel fuel, oils and lubricants."
"NCSH's patents and products that can maximize the profitability of biodiesel manufacturing operations and the shelf life of biodiesel products play right into SolarDiesel's goal of producing the highest quality and most consistent biodiesel that will be available. NCSH President, Dr. Matthew Zuckerman, is a true innovator in the use of nanoparticles to improve products we use every day," commented Stanton.
Post-merger, the combined NCSH/SolarDiesel companies will complete plans to construct a 45 million gallon per year biodiesel plant and implement other aspects of the biodiesel business plan. Biodiesel usage has been universally recognized as the fastest method to reduce CO2 and carcinogenic particulate emissions.
Nano Chemical Systems Holdings, Inc. has a wholly owned subsidiary, Sea Spray Aerosol, Inc. that produces aerosol products for its own formulas and does private labeling for various customers. Sea Spray operates out of a 36,000 square foot facility that contains offices, research, warehouse and manufacturing operations. The Company is also engaged in enhancing the effectiveness of its product line using nanotechnology where applicable.
Source: Nano Chemical Systems Holdings, Inc.
CONTACT:
Investor Relations
Redwood Consultants LLC
+1-415-884-0348,
InvestorInfo@RedwoodConsultants.com, for Nano Chemical Systems Holdings, Inc.
Web site: http://www.nanochemicalsystems.com/
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