SID International, Inc. and Angeltouch Petroleum in an new Joint Venture
SID International, Inc. Announces an Alternative Energy Development Joint Venture Partnership with Angeltouch Petroleum & Refining, Inc. with Assistance from Mutual Law Firm, Ferguson Davis, P.C.
Online, September 16, 2009 (Newswire.com) - Ferguson Davis, P.C., a law firm specializing in commercial transactions and financing for its clients, recognized the potential positive relationship that could result in bringing together two of their clients: SID International, Inc. and Angeltouch Petroleum & Refining, Inc.
Angeltouch Petroleum and its C.E.O. Brian A. Dupree bring over 15 years of asset management and project financing experience. Angeltouch chose to partner with SID due to the strength and experience SID brings to the alternative energy industry. The unique strengths of Angeltouch and SID come together in a joint venture relationship that will provide SID with significant financial backing to bring its alternative energy projects into production and Angeltouch with a significant opportunity to utilize its project finance and asset management expertise to facilitate the financing and construction of the SID projects.
Both Angeltouch and SID recognize that alternative energy is an important component for current and future power generation needs. The joint venture partners plan to utilize their expertise in a number of planned projects within the State of Texas and in other countries around the world. Dewey Vaughn, President of SID, said "There is a genuine need for alternative energy projects everywhere in the world. These projects can reduce dependence on fossil fuels from foreign sources, reduce carbon emissions and help the U.S. and developing countries to become energy independent, thereby improving the quality of life for millions of people around the world. We are very pleased to join forces with Angeltouch in several of our planned projects."
SID International, Inc. is a Texas corporation engaged in the design, construction, management and operation of alternative energy projects. Angeltouch Petroleum & Refining, Inc. is a Georgia corporation engaged in asset management, project finance and consulting for energy projects and transactions around the globe.