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Company Is Positioned to Become Largest Biodiesel Producer With 45 Million Gallon Per Year Plant.
Nano Chemical Systems Holdings, Inc. (OTC Bulletin Board: NCSH), announced today
plans to merge with SolarDiesel, Inc. a biodiesel manufacturing and distribution
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
"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.
About Nano Chemical Systems Holdings, Inc.
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.
Forward Looking Statements
Certain statements in this release and other written or oral statements
made by or on behalf of the Company are "forward looking statements" within
the meaning of the federal securities laws. Statements regarding future
events and developments and our future performance, as well as management's
expectations, beliefs, plans, estimates or projections relating to the
future are forward-looking statements within the meaning of these laws. The
forward looking statements are subject to a number of risks and
uncertainties including market acceptance of the Company's services and
projects and the Company's continued access to capital and other risks and
uncertainties outlined in its filings with the Securities and Exchange
Commission, which are incorporated herein by reference. The actual results
the Company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties. These statements are based
on our current expectations and speak only as of the date of such
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