IRVING, Texas -- Pinnacle Propane, LLC ("Pinnacle"), a leading provider of propane in the south and southwest United States, announced today that it has acquired the assets of Tri State Propane ("Tri State") based in Hiwasse, Arkansas.
We are excited to continue the legacy of customer service that John and Julie Holloway have used to build Tri State over the last 16 years," commented Rob Chalmers, SVP of Corporate Development.
Chris Hill, President of Pinnacle Propane, said, "We are excited about the addition of Tri State Propane and we are committed to maintaining a local presence as we continue to grow our footprint.
The Company reiterates that the letter of intent between Tri State
and SYCI is not an arms length transaction, as Brian Sorrentino, a consultant to SYCI and a 10% shareholder, is also a majority shareholder in Tri-State.
The consummation of the acquisition of the capital stock of Tri State
Stores and Alliance Petroleum and its subsidiaries and affiliates by Prelude Ventures is subject to the ability of Prelude Ventures to negotiate and enter into a definitive acquisition agreement to acquire all of the capital stock of the aforementioned companies and their subsidiaries and affiliates, the ability of Prelude Ventures to procure the necessary funding necessary, the possibility of requiring stockholder approval and obtaining other regulatory approvals and consent.
net, today announced that its premier Web development division, Webprime, has been selected by Tri State Health System, a leading integrated healthcare delivery system in southern New York state, northern New Jersey, and northeast Pennsylvania to develop and host Tri State's Website.
The contract includes designing a site featuring general information about the Tri State Health system and it major facilities, as well as database functions such as a site-wide search engine, support tools, and health information functions.
We are excited to have such an accomplished organization as Webprime build our site," said Susan Goodreds, Vice President of Marketing Communications for Tri State.