Article: Chartwell International, Inc. Signs Letter of Understanding With Rail Waste Holdings, LLC.

CHARLESTON, W.Va., April 20 /PRNewswire-FirstCall/ -- Chartwell International, Inc. (BULLETIN BOARD: CWII) ("Chartwell") announced today that it has signed a firm letter of understanding with Rail Waste Holdings, LLC ("RWH"), pursuant to which the parties agreed to proceed in merger negotiations. The letter of understanding proposes that Chartwell effects a tax free merger by acquiring all of the outstanding membership interests of RWH in exchange for the issuance of shares of common stock of Chartwell. The completion of the proposed transaction is subject to satisfactory due diligence by Chartwell; the securing of required capital by Chartwell to execute the merger ...

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