Mon, 11 Sep 2006 13:35:00 PDT
LAS VEGAS, NV -- (MARKET WIRE) -- 09/11/2006 -- Recently announced Tailor Made Fish Farms,
(
-- Constitutional protection @ bilateral investment protection treaties
which means when Tailor does business in Sri Lanka they will be able to
take full advantage of constitutional protection to protect outside
entities when doing business in Sri Lanka. Tailor will be one of the few
Fish Farms in the country of this magnitude.
-- Article 157 of the country's constitution guarantees safety of
investment for businesses that are outside of Sri Lanka.
-- Bilateral agreements exist between Sri Lanka and Australia, Canada,
Egypt, Finland, Indonesia, France, Italy, Malaysia, Norway, China, Romania,
Sweden, Netherlands, Pakistan, Korea, Singapore, Switzerland, and the
United Kingdom.
-- Bilateral agreements are valid for 10 years, plus an optional 10 years
so the business model will have plenty of time to develop and prosper if
plans are executed as planned.
-- Agreements provide Inter Alia protection for nationalization, prompt
and adequate compensation, free remittance of earnings, capital, and
business fees.
-- Settlement of disputes under the International Convention (ICSD), an
investment guarantee agency of the WORLD BANK which is recognized by the
investment community as having the ability of assuring that all laws of the
country are met up to requirements and an overall governing body for any
disputes.
-- Section 16 of the BOI (Board of Investment of Sri Lanka) act is
empowered to grant special concessions to companies meeting specific
strategic and economic objectives of the Government.
-- Under BOI's act, qualifying investments are exempted from the
provisions of the EXCHANGE CONTROL ACT, and are able to maintain bank
accounts in foreign currency.
-- The BOI ACT hedges against exchange rate fluctuations.
Ron Almadova, president of Tailor AquaPonics states, "Given the guaranteed and Liberal laws in Sri Lanka, we feel the joint venturing with MahaCapital will be a sound, safe, and profitable venture for Tailor AquaPonics and Tailor Made Fish Farms."
For more information please go to the company website at http://www.tailoraquaponics.com/ or contact investor relations at 866-427-2196.
About Tailor AquaPonics Worldwide:
Tailor AquaPonics Worldwide, Inc. (
About InvestSource Communications, Inc.:
InvestSource Communications (
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact: Investor Relations InvestSource Inc. 866-427-2196 Ron Almadova President 702-493-7972
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