Business Description
We are a Delaware corporation organized in 1980 under the name Arbor Energy Corporation.
Our name change was effected in 1984.
Until September 2, 2003, we engaged in the production and wholesale distribution
of wood products for home use, principally fireplace wood and garden stakes.
Our products were packaged in and distributed from our facility in Little Marsh,
Pennsylvania.
Substantially all of our products were sold to The Home Depot, Inc. for resale
at its retail outlets. We informed Home Depot that we would no longer do business
with that company due to increased difficulties in transacting business with
Home Depot on a profitable basis. We stated to Home Depot that these difficulties
included Home Depot’s prohibition against price increases despite increases
in our costs of production, a diminution in the Home Depot territories we were
allowed to sell product to, and Home Depot’s demands regarding returns
of ordered products that we were unwilling to accede to for economic reasons.
As a result, on September 2, 2003, we discontinued our wood products business.
