Isbre Announces a Progress Report on the Development Of the Water Bottling Facility Received from the City Of Philadelphia.NEW YORK--(BUSINESS WIRE)--Dec. 16, 1999-- Isbre Holding Corp., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ISBHE) received a status report from the City of Philadelphia reporting substantial progress in making properties available to Isbre Holding Corp. for development of a water bottling facility. The City of Philadelphia reported that City's environmental consultant, McLaren/Hart, Inc., completed Phase I, and is scheduled to complete the Phase II of environmental assessment of the property by the end of this year. The City of Philadelphia further reports that it has reached an agreement with the current tenant to vacate To annul, set aside, or render void; to surrender possession or occupancy. The term vacate has two common usages in the law. With respect to real property, to vacate the premises means to give up possession of the property and leave the area totally devoid of contents. the property designated for the construction of the bottling facility by the end of this year. The City of Philadelphia stated that it intends to make 7.5 Acres of the total development site available to Isbre Holding Corp. early next year so that Isbre Holding Corp. can begin construction of the bottling facility in the spring of year 2000. About the Company: Isbre Holding Corp (Isbre) is an importer and a manufacturer of bulk Glacier Spring water, and a distributor of various other beverages including juice products manufactured by the Citrus Growers Cooperative. The company seeks to be the first importer to bulk ship high quality potable potable /pot·a·ble/ (po´tah-b'l) fit to drink. po·ta·ble adj. Fit to drink; drinkable. potable fit to drink. glacier water utilizing tankers for bottling at various bottling plants Noun 1. bottling plant - a plant where beverages are put into bottles with caps industrial plant, plant, works - buildings for carrying on industrial labor; "they built a large plant to manufacture automobiles" at numerous coastal locations throughout the world. The port of the City of Philadelphia was selected to be the first site for bottling operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Isbre is working very closely with numerous Philadelphia and Pennsylvania government agencies to meet the projected deadline of September, 2000 for completion of the first bottling facility. The company has exclusive rights to large quantities of water from a spring located at the end of the Hardanger Fjord Hardanger Fjord Fjord, southwestern Norway. The country's second-largest fjord, it extends inland 70 mi (113 km) from the North Sea to the Hardanger Plateau. It has a maximum depth of 2,922 ft (891 m). of Norway's West Coast. The spring's accessibility by large tanker vessels will enable Isbre to significantly reduce transportation costs, thus allowing the company to compete with domestic producers by providing US customers with superior quality glacier water at very competitive prices. In addition to further development and marketing of its own brands, the company will develop and distribute various private label products, including a number of flavored items. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statements/comments under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: the information contained herein may contain forward-looking wording, all such forward-looking wording is by necessity needed to describe the business of the company. Actual results of this company may differ materially from the wording contained herein, due to a number of factors. Isbre Holding Corp. assumes no obligation to update the forward-looking wording to reflect the actual business activity/results of the company. You should independently investigate and fully understand all risk/reward factors before making investment decisions. |
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