Centra Capital Wholly Owned Subsidiary IPCL Increases New Locations.Business Editors NEW YORK--(BUSINESS WIRE)--March 21, 2000 The Centra Capital Board of Directors (Pink Sheets:CENCE) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. International Paper Converters Limited opened another location in Esher, Surrey UK during March. IPCL IPCL Indian Petrochemicals Corporation Limited IPCL Instrumentation Program and Command List IPCL Integrated Prioritized Capability List IPCL Instrumentation Program and Component List IPCL Image Printer Control Language has also signed two new locations - Strood and Deal in Kent, UK as franchise operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , which will be opened as IPCL branches in April 2000. All three new locations are in non-competing areas of the UK and IPCL expect the combined annual turnover of the three locations to total $5 million at the end of their first twelve months of operation. IPCL are well in line with their strategy to open twelve outlets during 2000. Additional details of IPCL can be found on their Website www.chequechangers.com. Mr Stephen Sherwood, Centra's President stated "With IPCL being a profitable business in its own right, it makes excellent commercial sense to open other locations as fast as possible. The additional benefit for opening new locations as franchised operating units is obviously that the initial set-up and operating costs operating costs npl → gastos mpl operacionales of IPCL owned locations is substantially reduced. The only considerations are IPCL's branding and the associated increased marketing overheads. IPCL's expansion strategy is very demanding but already it is ahead of its planned opening of locations this financial year." Further, Centra have appointed (as agreed as part of the acquisition agreement) two of IPCL's directors to its main Board. Mr James Denney James Denney, D.D. (1856-1917) was a Scottish theologian and preacher. Early Life James Denney was born in Paisley, 5th February 1856 to Cameronian (Reformed Presbyterian) parents. His father was a joiner and Cameronian deacon. and Mrs Diane Slack were appointed to the Board at its March 9, Board Meeting. Mr Radcliffe, Centra's Chairman commented "Centra's board needed to be increased and strengthened as it starts its registration process. We welcome the appointment of Mr Denney and Mrs Slack and their valuable expertise of the current business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets as well as their additional input on Centra's own strategy and growth plans." Inquiries regarding Centra should be addressed to Phil McGrane, in the Company's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office on 212 979 8803, or by email to PM0164@aol.com. |
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