Jul 14, 2005. /Lesprom Network/. American Israeli Paper Mills Ltd., announced on Wednesday that Hogla-Kimberly Ltd., in which AIPM holds 49.9%, is a supplier of Clubmarket, an Israeli supermarket chain. Recent publications in the press indicated that Clubmarket is suffering financial difficulties and that Clubmarket filed yesterday for a court stay of all proceedings against Clubmarket. In connection therewith, AIPM announced that the debt of Clubmarket to Hogla-Kimberly Ltd, according to its books, is approximately NIS 20 million (approximately $4.4 million). At this time, AIPM cannot estimate the effect of such events on its financial results. American Israeli Paper Mills is a leading maker of paper and paper products and a provider of paper recycling in Israel.