In California, Extreme Biodiesel expects to sign a Letter of Intent to develop plans for the acquisition of Southern California (SoCal) Biofuels.”We are very pleased with the direction and progress of the negotiations with SoCal. The synergies of our Companies make this a very exciting venture. We anticipate that a Letter of Intent should be ready to announce very soon. We will be swift to announce further details as terms are established and solidified.” stated Joe Spadafore , Corporate Secretary of Extreme Biodiesel.
More background on the story from the Digest
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