"When we were reviewing potential merger partners we were looking for two things. A company that can bring immediate shareholder value and a company that would have significant growth potential. We believe Challenger meets both of those goals"…"Another factor in our decision to acquire Challenger is they are in the renewable energy sector, which is considered a high growth area by many economists and business analysts. Furthermore, one of the unique factors in our issuing an LOI to Challenger was during these challenging economic times our country is in, Challenger has created local jobs in the small town of Kingsbury, Indiana, which is where the processing facility is located. That has led to a tremendous amount of support from the local government and the surrounding business community. Challenger has been assured that will continue as the company moves forward. Lastly, as mentioned in our previous press release a new management team with expertise in the energy sector will be brought in to run the new company. We hope to have news on that shortly."
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