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ISBRE HOLDING CORP. RECEIVES ADDITIONAL EQUITY INVESTMENT
Montvale, N.J.
June 26, 2006
Isbre Holding Corp. today announced that it has received an equity investment of
$2,225,000, from a Norwegian investment company, bringing total funds raised in the last two years to over $4,000,000. The Company intends to devote these funds to several purposes.
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First, the Company will complete construction of an expanded bottling plant
at the Isbre water source in Osa, Norway. The Company is considering the addition of a second bottling line at this plant, in order to increase production of single serve PET bottles. The Company expects to complete this work by October, 2006.
Second, the Company will complete construction of the piping systems and
docking infrastructure required to load up to 5 million gallons of water per
day directly from Isbre's glacier water source into tanker ships. This work
will take place simultaneously with the building construction and also is
expected to be complete in the fall of 2006.
Finally, the Company expects to secure a location in the northeastern United
States for development of its first U.S. bottling plant. The Company
anticipates commencing operations at this facility in the spring of 2007.
Isbre Holding Corp. is a producer, distributor and marketer of bulk water, spring water, and other bottled water products. Currently, the Company bottles its water in Norway and sells it in the US, Canada and Europe.
Isbre Holding Corp. is in the process of establishing a bottling facility in a major port city in the Washington to New York corridor. The Company will ship its water in tanker ships directly from its springs in Norway to the US bottling facility and bot tle for distribution throughout the Northeastern United States. The Company is also seeking other global areas of sales for its water products. More information about Isbre Holding Corp. can be found at the Company's web site:
www.isbre.com.
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