September 11, 2009 (FinancialWire) — 310 Holdings Inc. (OTCBB: TRTN) announced that the company has executed letter of intention for its planned acquisition of a profitable U.S. chemical company. The acquisition is anticipated to be officially consummated on September 30, 2009. This chemical company is privately owned and the owners have requested that its name not be disclosed to the public until the Definitive Agreement is executed.

Essentially, the acquisition is comprised of two profitable chemical divisions, operating out of the same facility. One division is involved in the production and marketing of eco-friendly products and the other one is doing bulk packaging /supplying, with each division maintaining separate income statements and balance sheets.

Housed in a 60,000 square foot U.S. facility, the shared assets of the chemical company will provide 310 Holdings Inc. with a chemistry and QC lab, an in-demand line of green, highly marketable products, a site on which to operate a P2O processor and to produce its catalyst in large sealed plastic containers and small plastic “topping-off” packets for use at the company’s P2O operating facilities. Furthermore, the company will inherit a 55-member employee force, which includes experienced chemists, proven sales representatives, and an accomplished, visionary management team with successful expertise in mergers and acquisitions.

This rapidly-growing, progressive chemical company has developed an innovative, earth-friendly, patented line of products that addresses a multi-million dollar essential industry for retail establishments, commercial or institutional businesses, and real estate property owners / investors. The cutting-edge line of green products has received the “Design for the Environment” certification, which is a U.S. Environmental Protection Agency program that partners with numerous stakeholders whose goal is to reduce pollution risks and maintain a healthy environment for all people.

These environmentally-safe products are currently marketed through numerous local retailers as well as some very large and significant national retail chains. Importantly, these eco-friendly products do not contribute to waste or landfill.

John Bordynuik, 310 Holdings Inc. CEO and president, stated, “This is really a synergistic, value-added acquisition that truly complements our business model and corporate growth goals. In addition to our core product line, these products have very high growth potential, and excellent profit margins. The company’s IP is protected through a patent. Initially, we will utilize our media credits to launch an extensive public-awareness campaign to market our green product line to consumers and retailers in the United States, Canada, and Mexico.”

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