JAB Prepares to Begin Honduras Studies.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--March 20, 2001 J.A.B. International, Inc. (Pink Sheets:JABI) announced today that representatives of JAB and URG URG Urgent URG Utility Retained Generation (utility industry) URG Urogastrone URG University Research Grant URG You Are Gay URG Underway Replenishment Group URG University Research Glassware (Chapel Hill, NC) International have returned from Honduras after a 7-day inspection of the property in preparation to begin the initial engineering and environmental reports to the Honduran Government. The estimate given by URG is a total of 560,000,000 board feet of Pine, 100,000,000 board feet of Evergreen and 80,000,000 board feet of Roble (teak teak, tall deciduous tree (Tectona grandis) of the family Verbenaceae (verbena family), native to India and Malaysia but now widely cultivated in other tropical areas. alternative). They estimate the gross value of the combined standing timber at over $800 Million. A detailed plan for timber harvest, mining and reclamation Reclamation A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process. of the property covering 49,000 acres will be forthcoming within 30 days. JAB estimates that the project will take 10 years to complete from initial timber harvest to gold recovery and then the complete reclamation of the land back to its original state. For further details and pictures of the Honduras trip go to URG's website at www.urg.cc, also look for JAB's new website to be posted soon at www.jabinternational.com. Both JAB and URG are committed to environmental protection and saving endangered species endangered species, any plant or animal species whose ability to survive and reproduce has been jeopardized by human activities. In 1999 the U.S. government, in accordance with the U.S. . It is JAB's intent to return the land to a condition as good or better then before the project began. JAB plans to file the 1999 10 K with the SEC this week with the subsequent 10 Q's and 2000 10 K to follow. 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. Statement 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 statements contained herein which are not historical are 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 are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors. |
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