Announcement January 17, 2008
We announced in late 2007 that we are in negotiations with a OTCBB company for possible merger. The talks continue, slow but positive. Issues that we are dealing with the potential merger partner are - discussions with regard to reorganization of their debt, before ISBL would even enter into any formal agreement. Also the company must forward additional due diligence to us for review by our attorneys and accountants. We are also preparing our accounting through 12-31-07 for audit.
With this being said, just yesterday, we were approached by another suitor and will begin exploring this opportunity next week.
From the Board of ISBL
Please make note of the new telephone number: 407-380-2860
We announced in late 2007 that we are in negotiations with a OTCBB company for possible merger. The talks continue, slow but positive. Issues that we are dealing with the potential merger partner are - discussions with regard to reorganization of their debt, before ISBL would even enter into any formal agreement. Also the company must forward additional due diligence to us for review by our attorneys and accountants. We are also preparing our accounting through 12-31-07 for audit.
With this being said, just yesterday, we were approached by another suitor and will begin exploring this opportunity next week.
From the Board of ISBL
Please make note of the new telephone number: 407-380-2860
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