Isbre is Awarded $147,000 by the American Arbitration Association.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 22, 1999 Isbre Holding Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ISBHE), received the Award of Arbitrators in the Matter of the Arbitration between Isbre Holding Corp. vs. Fonte Sole SRL 1. SRL - Bharat Jayaraman. ["Towards a Broader Basis for Logic Programming", B. Jayaraman, TR CS Dept, SUNY Buffalo, 1990]. 2. SRL - Schema Representation language. 3. SRL - Structured Robot Language. C. Blume & W. Jacob, U Karlsruhe. . The arbitrators found that Fonte Sole SRL terminated distributorship agreement, while improperly charging Isbre Holding Corp. with post-termination expenses. The arbitrators ordered Fonte Sole SRL to pay $147,813 with interest within 30 days from the date of the award. 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 U.S. 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. Readers should independently investigate and fully understand all risk/reward factors before making investment decisions. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion