Business
Maple Leaf Makes Shipments and Recieves Record Monthly Revenue in June
Maple Leaf Makes Shipments and Recieves Record Monthly Revenue in June
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\nMaple Leaf Makes Shipments and Recieves Record Monthly Revenue in June\n\n\n Jun. 30, 2009 (Baystreet.ca) -- CALGARY -- Maple Leaf Reforestation Inc. (\"Maple Leaf\" or the \"Company\") is pleased to announce that it received record monthly revenue during the month of June. Revenue received in June was $236,864 Cdn (1,397,500 Rmb) and was received in connection with the following:\n\n> \nThe Company shipped 500 tonnes of fish meal at a purchase price of $440 Cdn (2,600 Rmb) per tonne for total revenue of $220,338 Cdn (1.3 million Rmb). The fish meal was shipped as follows: \n\n\n- 70.46 tonnes to the 7th Lake Fish Farm of Datong Lake Fish Farm owned\nby Hunan Dongting Aquaculture Co. Ltd.;\n- 137 tonnes to the 2nd Xihu Fish Farm owned by Hunan Dongting\nAquaculture Co. Ltd.;\n- 210.69 tonnes to Qili Lake Fish Farm, Jin City, Hunan; and\n- 81.85 tonnes to Baimin Lake Fish Farm, Li County, Hunan.\n\nXinjiang Alfalfa Operation\n--------------------------\n>>\n\n\nThe Company shipped 50 tonnes of alfalfa to various customers at a purchase price of $330.50 Cdn (1,950 Rmb) per tonne for total revenue of $16,525 Cdn (97,500 Rmb). \nThe Company hopes to obtain additional working capital in the near term to permit the ramping up of its alfalfa operations. The majority of the funds raised through the Company's recent private placement were used to fund the Greenhouse and Organic Fertilizer Plant. > \nNo seedling shipments were made during June and no revenues were received from the Greenhouse operations. The Company intends to make its next shipments at the end of July. \nRaymond Lai, President & CEO of Maple Leaf comments, \"June's revenue marks the first meaningful intake of funds from product shipments for the Company. It is my hope that going forward revenues will consistently grow from month to month as our three main projects ramp-up. I am particularly excited about how quickly the Fertilizer Plant has produced a meaningful revenue stream.\" \nAbout Maple Leaf Reforestation Inc. \n\n\nMaple Leaf is a Canadian company operating four environmental related\nprojects in China:\n\n1. a large-scale forest nursery in Inner Mongolia which is focused on\ngrowing value-added tree seedlings and alfalfa feedstock alongside\nlandscaping and nursery products;\n\n2. a multi-faceted Xinjiang Yellowhorn tree project which will provide\nfor the man...