Barnwell Industries, Inc.'s Kaupulehu Developments Partnership Receives State of Hawaii Supreme Court Decision.Business Editors HONOLULU--(BUSINESS WIRE)--Sept. 12, 2000 Barnwell There are a number of places called Barnwell:
Hawaii, island (1990 pop. 120,217), 4,037 sq mi (10,456 sq km), largest and southernmost island of the state of Hawaii and coextensive with Hawaii co.; known as the Big Island. development venture, Kaupulehu Developments, received a decision from the Supreme Court of the State of Hawaii regarding its Lot 4 development project remanding the matter on a limited basis to the State Land Use Commission for purposes of making additional specific findings and conclusions on native Hawaiian rights issues, while finding in favor of upon the side of; favorable to; for the advantage of. See also: favor the venture on the remaining substantive issues. Morton Morton, village (1990 pop. 13,799), Tazewell co., central Ill., in a grain-farming and livestock area; inc. 1877. Food is canned, and tractor parts, washing machines, and pottery are manufactured. H. Kinzler, Chairman and Chief Executive Officer of Barnwell, commented, "The resolution of this legal challenge must be completed in order for Kaupulehu Developments to proceed with the development of the approximately 1,000 acres for which management has been seeking approvals for approximately seven years. Kaupulehu Developments has always agreed to protect native Hawaiian rights which may exist and will move forward on this matter before the State Land Use Commission as soon as reasonably practicable practicable adj. when something can be done or performed. ." Except for historical information contained herein, the statements made in this release constitute 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. that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including those risks detailed in the Company's Annual Report on Form 10-KSB for the fiscal year ended September 30, 1999 filed with the Securities and Exchange Commission. |
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