Next Alternative, Inc.

Next Alternative, Inc.

April 14, 2011 15:03 ET

Next Alternative Declines $100 Million Buyout Offer

OTTAWA, ONTARIO--(Marketwire - April 14, 2011) - Robert Ireland, CEO of Next Alternative, Inc. (XETRA:N4H), has announced that there were several key reasons behind the firm's recent rejection of a major buyout offer.

Next Alternative (NAI) had been in negotiations with a private Canadian-based fuel company which tendered an unsolicited offer for the purchase of 100% of its deliverable shares for the price of $100 million. Mr. Ireland commented, "Upon deep consideration, this seemingly outstanding offer provided no real liquidity for our shareholders." He added, "Furthermore, the agreement was not on or above par with the anticipated institutional investment we are currently receiving and finally, it called for a very long payout period. Bottom line, it was not the right move at this juncture"

At present, NAI is unable to disclose the identity of the bidder for its shares because it is bound by a non-disclosure agreement and remains in discussions with its potential suitor regarding better terms.

Mr. Ireland affirmed that in addition to its core mission of bringing better, smarter alternative energy solutions to the world, Next Alternative is constantly looking for exceptional opportunities that will benefit its investors and partners. Management scrutinizes every offer or partnership proposal seriously and thoroughly to ensure that it is in the best interest of the company and its stakeholders. With all its pioneering technology and products, Next Alternative is in a particularly strong position and is emerging as a major player in the industry. With this recognition will come more opportunities. While NAI Management is excited for the future in that regard, it remains dedicated to keeping the integrity of the company at its highest level.

Next Alternative Inc. is a break-through company paving the way in the global effort to discover alternative means of energy. Understanding the need to reduce the demand for fossil fuels, Next Alternative is pioneering new methods that provide eco-friendly solutions. Poised on the cutting-edge of new green technologies, Next Alternative strives to develop and offer products that meet the challenges of our new economy. Next Alternative stands as an innovator - bringing existing technologies together and melding them to meet future demand.

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