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Microcap & Penny Stocks : Intl. Absorbents (IABS, formerly IABSF)
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To: Andrew who wrote (65)4/24/1997 11:33:00 AM
From: Mesaba   of 206
 
What the press release said was, "First Empire is a holding company that owns 70 percent of Vusena Forest Corporation Limited.". The holding company is what IABSF is going to acquire. There are already two lumber mills there so the lumber is alread going to be taken, it's just a matter of who's getting the money.

Scott
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