Can-Am Ethanol One Engages Merrill Lynch as Strategic Advisor for $150,000,000 Ethanol Processing Project in British Columbia.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. USA, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MEMS) and Accelon Energy Systems, Inc., are pleased to announce that Can-Am Ethanol One, Inc. has engaged Merrill Lynch to act as strategic advisor for Can-Am Ethanol One's first biomass-to-ethanol processing plant in British Columbia. Merrill Lynch has committed to assist the Company in analyzing, structuring, negotiating and securing debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay for Can-Am Ethanol One. In that capacity, the Global Investment Markets & Investment Banking Department of Merrill Lynch will function as financial advisor in lease negotiations and financial structuring, and as senior manager or placement agent for any offering of debt securities sold by or on behalf of the Company. MEMS and Accelon are each 50% owners of Can-Am Ethanol One, Inc., a Canadian corporation which has been formed to design, engineer, build, own, operate and maintain a biomass-to-ethanol processing plant in British Columbia. The budget for this project is USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $150,000,000. MEMS USA, Inc. is a California-based professional engineering and technical services company. For more information visit the Company's web site at www.memsusa.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Disclosure The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the company's reports and filings with the Securities and Exchange Commission may affect the results achieved by the Company. |
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