Business
Maple Leaf Announces Contracts Totalling CDN $553,700 for its Greenhouse Operations
(TSX-V: MPE) Last Close: March 27, 2009 - $0.11 Shares Issued: 56,511,127
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\n(TSX-V: MPE)\nLast Close: March 27, 2009 - $0.11\nShares Issued: 56,511,127\n\n\nCALGARY, March 30 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is\npleased to announce the signing of three contracts during the month of March\nfor a total value of Cdn $553,700 (3,045,000 Rmb):\n\n\n1. Valued at Cdn $409,100 (2,250,000 Rmb), the Inner Mongolia Forestry\n Department ("IMFD"), which is responsible for supplying seedlings to\n the entire autonomous region of Inner Mongolia, will supply to Maple\n Leaf 4 million Caragana Intermedia ("Ningtiao") and 1 million\n Hedysarum Mongolicum Turcz ("Yangchai"). Maple Leaf will cultivate\n these seedlings using its Canadian technology and then deliver them to\n the various local governments in the autonomous region starting in\n September 2009. Maple Leaf has received a Cdn $18,200 (100,000 Rmb)\n deposit with respect to this arrangement. IMFD has requested that\n Maple Leaf cultivate 20 million seedlings annually on its behalf,\n however Maple Leaf has decided to treat this 5 million seedling order\n as a 'test run' before it commits to the larger arrangement. Maple\n Leaf expects that cultivating 20 million seedlings annually for IMFD\n would result in annual revenue of Cdn $1.6 million (9 million Rmb).\n\n2. Valued at Cdn $76,400 (420,000 Rmb), Henan Village in Huhehaote\n (Hohhot) City, Inner Mongolia has purchased 200,000 Larch seedlings,\n 100,000 Pine seedlings, 250,000 Scotch Pine seedlings and 150,000 Blue\n Spruce seedlings. Maple Leaf has received a Cdn $1,200 (6,600 Rmb)\n deposit for this order and will receive the remaining Cdn $75,200\n (413,000 Rmb) upon delivery of the seedlings, which is expected to\n begin shortly after Spring break-up.\n\n3. Valued at Cdn $68,200 (375,000 Rmb), Zhouquan Village in Datong City,\n Shanxi Province has purchased 500,000 Blue Spruce seedlings and 50,000\n Jack Pine seedlings. Maple Leaf has received a Cdn $2,700 (14,850)\n deposit for this order and will receive the remaining Cdn $65,500\n (360,250 Rmb) upon delivery of the seedlings, which is expected to\n begin shortly after Spring break-up.\n\nMr. Raymond Lai, President & CEO of Maple Leaf stated: "I am very excited\nabout these new contracts and I commend our Greenhouse staff for beginning\nthis year's selling efforts with such gr...