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PARTA sustainable solutions announces the proposed acquisition of alternative media initiative and the nomination of a new Chief Financial Officer

Mon. June 22, 2009; Posted: 10:11 AM
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MONTREAL, Jun 22, 2009 (Canada NewsWire via COMTEX) -- PAS | Quote | Chart | News | PowerRating -- PARTA sustainable solutions Inc. (TSX Venture "PAS") ("PARTA") signed a letter of intent aimed to acquire all of the issued and outstanding shares of Alternative Media Initiative Inc. ("AMI"), a private company with headquarters in Montreal (Canada). Since 2007, AMI operates, among others, Alternativechannel.tv, an online video distribution platform (Web and mobile) available in 3 languages (English, French and Spanish) which focuses on the realities and prospects of sustainable development. This transaction shall be completed for a consideration of $4,000,000, payable by the issuance of 10,256,410 PARTA shares at an estimated price of $0.39 per share.

"After the recent integration of Edu-Performance, a Canadian leader in the creation, diffusion and management of e-Learning content, AMI's acquisition represent for PARTA another concrete step toward the accomplishment of its short-term business plan", commented Paul Allard, Chairman of the Board of PARTA.

The completion of the proposed transaction is subject to certain

conditions, including the approval from TSX Ventures and due diligence

from PARTA. There is no certainty that the said transaction will be

completed as projected.

Furthermore, PARTA is pleased to announce Mr. Gilbert Boyer's nomination as Chief Financial Officer. Mr. Boyer, Bachelor in Business Management from the University of Quebec in Montreal, holds the title of CMA (Comptable en Management Accrédité) and has a long track record in finance and management, cumulating more than 20 years of experience. Before joining PARTA, Mr. Boyer worked as a Director of Finance for a renowned company in the transport industry in Canada. Previously, he made his mark as a controller for human resources companies, as well as in the manufacturing industry.

"No doubt that Gilbert Boyer represents a leading asset in the implementation of our business plan. Mr. Boyer has demonstrated, in the past, his ability to work in financial management in highly competitive and complex environments. I am convinced that he will, within our company, demonstrate a high level of professionalism and diligence", said Paul Allard .

Mr. Boyer is replacing Mr. Randy Koroll as officer of PARTA. Mr. Boyer has also ceased to act as director of PARTA.

About PARTA sustainable solutions Inc. (www.partaworld.com)

PARTA sustainable solutions Inc. develops and implements technology solutions and services to enable companies to establish a real sustainable development oriented dialogue between its internal and external stakeholders. To achieve this, PARTA benefits, at the international level, on a recognized expertise in communication, training and new media.

The investors are aware that beyond this release any published or

received information linked to the proposed transaction could be outdated

or incomplete and therefore shouldn't be considered reliable. Compromise

of values on the TSX Venture Exchange should be considered highly

speculative.

(TSX Venture assumes no responsibility for the adequacy or accuracy of

this release.)

SOURCE: PARTA SUSTAINABLE SOLUTIONS INC.

Paul Allard, Chairman of the Board, PARTA sustainable solutions Inc., (514) 277-1201
ext 35, paul.allard@partaworld.com
For full details on Pepsiamericas Inc (PAS) click here. Pepsiamericas Inc (PAS) has Short Term PowerRatings of 6. Details on Pepsiamericas Inc (PAS) Short Term PowerRatings is available at This Link.

    


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