March 28, 2011 02:00 ET
OTTAWA, ONTARIO--(Marketwire - March 28, 2011) - Robert Ireland, CEO of Next Alternative, Inc. (XETRA:N4H), announced today that the firm received an unsolicited offer for the purchase of 100% of its deliverable shares for the price of $100 million.
A private, Canadian-based fuel company presented the purchase agreement and while Next Alternative (NAI) recently declined the offer due to mitigating circumstances, NAI was thrilled to note that its products and services were of such tremendous interest. According to Ireland, "This solidly validates our mission and proves that Next Alternative is truly on the cutting edge of the alternative energy industry." He continued, "We anticipate that in the coming months, as we introduce more products, file more patents and increase sales, we will see even greater interest in our technology and we expect similar offers to be forthcoming."
Next Alternative is poised to continue its steady stream of products to market. With the current state of affairs in regard to energy – especially the fuel crisis, NAI has become a hot topic and is being viewed as one of the premiere companies that can provide viable solutions to the world's energy problems. As additional offers come to light, NAI will continue its due diligence to ensure the credibility of these offers and will call a shareholders meeting if deemed necessary. Next Alternative remains dedicated to the green movement and will thoughtfully consider those offers put forth by like-minded companies.
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.
Next Alternative, Inc.
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