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Press Release
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Isbre Secures Location for First U.S. Bottling Plant |
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Montvale, N.J. (June 12, 2007). Isbre Holding Corp. announced today that it has entered into an agreement in principle to lease facilities in Bristol, Pennsylvania, to be developed into Isbre’s first U.S. bottling plant. The site, known as the Riverside Industrial Complex, is owned by The Silvi Group Companies, which uses a portion of the complex for its cement operations. The long-term lease encompasses the use of the deep-water bulkhead to accommodate Isbre’s tanker ships, land on which Isbre will construct water storage tanks, and 140,000 sq. ft. in an existing building that will be retrofit to house Isbre’s bottling operations. The transaction includes an equity investment in Isbre by the landlord. Financial terms of the transaction were not disclosed.
The Silvi Group Companies, founded in 1947, is one of the largest concrete suppliers in the Pennsylvania/New Jersey area. Headquartered in Fairless Hills, Pennsylvania, Silvi Group imports cement from Thailand, unloading at the Riverside Complex. Silvi Group has concrete and sand and gravel plants in 11 locations in Pennsylvania and New Jersey.
Isbre Holding Corp. is a producer, distributor and marketer of bottled water and bulk water. Isbre’s water source is a spring located in the glacier region at the end of the Hardanger Fjord on the west coast of Norway. Isbre holds the trademark right to put the logo “The World’s Best Drinking Water”® on its labels. The company currently bottles its water in Norway and sells it in the U.S., Canada and Europe. Isbre intends to establish bottling facilities in several port cities in the United States. The company will ship its water in tanker ships directly from its springs in Norway to the U.S. bottling plants. The company is also seeking other global areas of sales for its water products.
The Isbre contact person regarding this press release is Stevan A. Sandberg, President, who can be reached at 201.802.0005 or sandberg@isbre.com.
Cautionary Statement under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this face sheet contain information about the Company's future business prospects. These statements may be considered "forward looking" and are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. |
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