8130321
- Philippines
- Manila
- General Business
- ISLAND INFORMATION & TECHNOLOGY, INC.
ISLAND INFORMATION & TECHNOLOGY, INC. - Manila
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Company name
ISLAND INFORMATION & TECHNOLOGY, INC.Location
4/F 4-B Vernida I Condominium120 Amorsolo St., Legaspi Village, Makati City, Manila, Philippines
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Establishment year 1959
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Company description
Island Information & Technology, Inc. (IS) was originally incorporated on December 10, 1959 as Island Oil Company to primarily engage in oil exploration and mineral development projects. Due to losses incurred, the management decided to shift its oil exploration activities to metal mining in the province of Isabela, thus changing its name from Island Oil Company to Island Mining & Industrial Corporation on January 20, 1965. The increasing costs of operations, fluctuating price of metals in the world market and deteriorating peace and order situation severely affected the mining operations of IS, thus, the management decided to suspend its operations on November 28, 1981. In 2000, the Securities and Exchange Commission approved another change in the company's corporate name to its present