International Development & Environmental Holdings (IDEH.OB) Announces LOI to Acquire Budget Dealership
Shares of International Development and Environmental Holdings, Inc. have climbed significantly today as the parking management and truck leasing company announced that it has entered into a Letter of Intent (LOI) to acquire a Budget truck rental dealership from Heights Management 176 LLC. IBISWorld, a leader in market research, announced in a report that the rental truck service and leasing industry revenues in 2009 neared $16.5 billion. This high dollar value is anticipated to continue to go even higher, according to the research report, as the values were achieved while the economy is still in a slump and experiencing ongoing…