Aubryn International Negotiations Move Forward; Company's Revenue Potential a Reality.Business Editors UPLAND, Calif.--(BUSINESS WIRE)--May 8, 2001 Aubryn International Inc. (ARBN ARBN Australian Registered Body Number ARBN Asian Rice Biotechnology Network ARBN Australian Registered Business Number ARBN African Rice Blast Nursery ) today announced that negotiations with the Valencia Land Co. are moving forward with positive steps. Aubryn hopes to have the letter of intent finalized within the week. With negotiations under an NDA (Non Disclosure Agreement) An agreement signed between two parties that have to disclose confidential information to each other in order to do business. In general, the NDA states why the information is being divulged and stipulates that it cannot be used for any , the company hopes to have the legal review completed so that information can be provided to the market by next week. "This deal will provide the company with a solid balance sheet. The assets that will be brought to the table will be able to increase shareholder equity while providing a higher level of confidence in Aubryn's future endeavors," stated CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. R. Bruce Harris Bruce Harris (born 1955 in Scotland, United Kingdom) is the disgraced former executive director of Casa Alianza, from 1989 to September 2004. He was dismissed from this post after admitting he had paid a young adult male, who had earlier been in the care of Casa Alianza, for sex. . "Aubryn intends on focusing all efforts towards closing this deal within the quarter," continued Harris. "Increasing the company's assets is crucial to provide the shareholders with a solid asset base so that the company is positioned to move onto the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). and eventually towards Nasdaq." "With this contract, Aubryn will acquire mineral rights from Valencia Land Co., which will provide Aubryn the access into a very profitable business market. This is of an additional value to the company, due to providing a revenue stream that's generated within U.S. boundaries," stated Harris. "The company intends on providing the market with updates as they transpire over the next several days." Harris continued, "I want to let shareholders know that our focus will continually be on generating a profitable income stream and increasing shareholder value. We'll do this by taking advantage of our biggest assets, our relationships and partnerships." About Aubryn International Aubryn International Inc is a seven-year old company, which has been public since December of 1997 and its common stock is listed electronically on the National Quotation Bureau's Electronic Pink Sheets under the symbol ARBN. The company has, since its inception, focused on continuing to develop relationships in parallel stages that are intended to enable the company to interact with and adapt to changes in political, social and economic policies domestically and internationally. Many of the cities in which the company holds licenses, are focused on planning ahead in an effort to keep up with the anticipated WTO See World Trade Organization. pace. China is commencing its 10th Five Year Economic Plan in 2001, and is posed for a great leap forward Great Leap Forward, 1957–60, Chinese economic plan aimed at revitalizing all sectors of the economy. Initiated by Mao Zedong, the plan emphasized decentralized, labor-intensive industrialization, typified by the construction of thousands of backyard steel . Aubryn is additionally positioned to benefit from its contacts and licensing. The company also has been reviewing the possibility of retaining the services of a well known Silicon Valley investment banking firm, as its financial advisor to assist the company of its merger possibilities and other transactions. Once the company finalizes these discussions an announcement shall be released to the market. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release contains forward-looking statements, which involve known and unknown risk, uncertainties or other factors that could cause actual results to materially differ from the results, performance, or expectations implied by these forward-looking statements. The issuer's expectations among other things are dependant upon Adj. 1. dependant upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, contingent upon, dependant on, dependent on, dependent upon, depending on, contingent general economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, as well as other uncontrollable or unknown factors. |
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