Howdy Doodie Uncle René!
What ever happened to that Li'l Ole' Thang YOU were supposed to muster up in Indonesia?
Ya'll rightly remember, don’t ya? If not, that be OK … cause I’ll fetch it up and post it later on.
It’s that thar (old) News Release saying you were a goin’ to make your shareholders rich and proud … Sho' nuff!
Kinda looks like IBR has got the same idea … now ain’t that the berries.
Seems they is Steppin’ In High Cotton lately.
Ya'll recollect IBR don't ya? {;-)
Love,
Cayman
Int'l Bio-Recovery To Build First Plant In Indonesia
International Bio-Recovery Corp - News Release
International Bio-Recovery Corp IBR
Shares issued 14,287,511
2000-12-06 close $2.3
Wednesday Dec 6 2000 News Release
Mr. Ben Van Dyk reports
International Bio-Recovery Corp. has signed an agreement to build an IBR plant in Indonesia.
IBR has signed a master licence agreement with Pt. Biotama Recovery Indonesia (PBRI) to construct an IBR plant and to obtain certain exclusive territories in the region.
Under the terms of the agreement, PBRI shall acquire $1-million of IBR common stock by way of a private placement.
In addition, the master licensee will pay a licensing fee of $440,000 for the initial plant.
The initial plant is scheduled for construction as a 220-tonne-per-day facility with provisions for to expand the plant capacity as required.
IBR will receive a royalty fee from PBRI for all plants once they become operational.
The royalty fees to be paid to IBR are based on both the amount of waste processed and the amount of end product produced.
Royalty fee revenue under the IBR master licence agreements represent a substantial continuing revenue stream in the company's financial projections and business model.
In order to maintain exclusivity, PBRI is required to license IBR plants in its designated territory as follows:
a. The initial plant in Indonesia shall have been completed and operating no later than Aug. 1, 2003.
b. PBRI shall proceed with an additional IBR plant on or before July 1, 2004.
c. PBRI will be required to proceed with subsequent plants every 24 months thereafter through to and including July 1, 2018.
d. Each additional plant shall have a minimum capacity of 220 tonnes per day and will generate an initial license fee of $440,000 each.
"This agreement comes on the heels of the recently announced signing of a master licence agreement for China.
With these two licence agreements in place, IBR has strategically positioned itself in Asia with a means by which the IBR technology can be rolled out in a significant and timely fashion", stated Ben Van Dyk, IBR president.
IBR recently reported a master licence agreement on Oct. 30, 2000, whereby strategic investors confirmed plans to construct IBR plants in the People's Republic of China, beginning in the city of Nanhai.
The success of these recent agreements points to the promise of the company's technology and validates the international marketing efforts of IBR.
The company continues to be engaged in negotiations with various interested parties throughout the world seeking to license the technology and consider joint venture projects with IBR.
(c) Copyright 2000 Canjex Publishing Ltd.
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