ARBR NEWS OUT - Allstocks.com's Bulletin Board

Allstocks.com's Bulletin Board

Micro Penny Stocks, Penny Stocks Under $0.10

ARBR NEWS OUT

profile | register | preferences | faq | search

UBBFriend: Email This Page to Someone!

next newest topic | next oldest topic

Author

Topic: ARBR NEWS OUT

dardadog
unregistered

posted February 05, 2004 20:12

MIAMI, FL, Feb. 5 /PRNewswire-FirstCall/ - ARBOR INC. (OTCBB: ARBR.OB)
"Arbor" is pleased to announce the completion of a share exchange with China
Laizhou Bay Mining International Corporation ("Laizhou"). Pursuant to the
terms of the agreement, Laizhou has become a wholly owned subsidiary of Arbor.
Laizhou, which is located in Laizhou, China, is a granite mining and
processing company. Laizhou's assets consist primarily of two operating
quarries, two processing yards, and eleven office buildings.
Arbor's senior management has been replaced with Laizhou's senior
management, with Dong Chen assuming the role of President of Arbor. Mr. Chen
is a successful business man with over 22 years of experience in the fields of
Business Management and Finance. He has held various senior management
positions with a number of high-profile companies in China. Mr. Chen has a
business degree from Jilin Normal University of China.
Arbor intends to upgrade the Laizhou processing yards, buildings, and
equipment with state-of-the-art technology to help increase granite production
rates which will fill the existing market demand for granite in China. In
addition, Arbor will continue to identify and investigate potential
acquisition targets to help increase its position in the granite mining and
processing business.
Arbor's new President, Chen Dong stated, "China has immense reserves of a
wide variety of granites, and is among the world's lowest cost producers,
which allows Chinese businesses to be extremely competitive. Despite these
large reserves, China is currently the world's largest net importer of highly
refined granite." Mr. Chen went on to say, "We hope to expand our capacity to
fill the demand of the robust Chinese market, and also take advantage of the
low labor costs to eventually expand to markets outside China. We believe that
our new management capabilities, and our strategy to upgrade our technology
and processing equipment, will enable us to become an important player in the
Chinese granite market."
Arbor is also pleased to announce that on December 31, 2003, it completed
a private placement of 550,000 shares at $1.00 per share. The net proceeds of
the private placement will be used for the costs of the acquisition of
Laizhou, working capital as well as for general corporate purposes.
Additionally, the Company is proceeding with a new private placement of
500,000 shares at $3.00 per share.

ON BEHALF OF THE BOARD

Costas Michael Takkas

For more information please contact:

Arbor Inc.
Michael Miller
Tel. (604) 340-3962
mmiller@arborinc.net
www.arborinc.net

FORWARD-LOOKING STATEMENTS
This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. All statements regarding potential results and future plans
and objectives of the Company, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from our
expectations include, but are not limited to, the results of geologic surveys,
the outcome of assays and additional sampling and drilling efforts, the
availability of funding for the future exploration and development of Arbor
and or projects, potential governmental regulation and other factors that will
be disclosed under the heading "Risk Factors" and elsewhere in our documents
filed from time to time with the United States Securities and Exchange
Commission and other regulatory authorities.

SOURCE Arbor Inc.
-0- 02/05/2004
/CONTACT: Arbor Inc., Michael Miller, Tel. 604-340-3962,
mmiller@arborinc.net, www.arborinc.net/
(ARBR)

CO: Arbor Inc.
ST: Florida
IN: CST
SU: TNM PER PVT

-30-

------------------
DaDog

IP: Logged

All times are ET (US)	next newest topic \| next oldest topic
Administrative Options: Close Topic \| Archive/Move \| Delete Topic
	Hop to:

Contact Us | Allstocks.com Home Page