Business
Maple Leaf Reforestation Inc. Creates Chinese Alternative Energy Subsidiary
(TSX-V: MPE) Last Close: August 26 2008 - $0.20 Shares Issued: 56,482,327
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\n(TSX-V: MPE)\nLast Close: August 26 2008 - $0.20\nShares Issued: 56,482,327\n\n\nCALGARY, Aug. 27 /CNW/ - Raymond Lai, President and CEO of Maple Leaf\nReforestation Inc. (TSX-V: MPE) ("Maple Leaf" or the "Company") is pleased to\nannounce the creation of a separate Wholly Owned Foreign Subsidiary (WOFE),\nMaple Leaf Energy China Ltd. Initially, this subsidiary will manage the\ndevelopment of the Company's Xinjiang Yellowhorn biofuel project, which is\ndeveloping more rapidly than anticipated. Also along these same alternative\nenergy lines, the Company is currently reviewing opportunities for involvement\nin other energy-related initiatives. All such further energy-related\ndevelopments and projects of the Company will be managed by this subsidiary.\n\n\nAccording to the Energy Information Administration (a U.S. Government\nAgency), China is the second largest consumer of energy after the U.S.A. Since\n1991, energy consumption in China has grown at a compounded rate of 10% and is\nprojected to continue growing at a rate of 5% per annum through 2030, almost\ntwice the global growth rate. There is continued strong market demand for\nenergy throughout China. The Chinese government is especially supportive of\nnew products and technologies designed to increase the efficiency of the\nenergy industry and decrease environmental damage caused by energy production\nand consumption.\n\n\nMr. Lai, President and CEO of Maple Leaf Reforestation Inc. stated,\n"Maple Leaf's diversification into the Chinese Energy Sector is very timely,\ngiven the continued and growing demand for energy throughout the country. The\nCompany intends to offer technologically advanced, cost effective solutions\nand products to Chinese Oil & Gas Producers and Distributors. The combination\nof the Company's geographical knowledge, operating experience and significant\nregional support in China should lead to solid growth in this sector. Our\nproven ability to develop and market environmentally friendly and superior\nproducts should provide Maple Leaf with the competitive advantages required to\nbe a true energy sector market leader in China. We are very excited about\nlaunching this initiative and confident in its success!"\n\n\nAbout Maple Leaf Reforestation Inc.\n\n\nMaple Leaf is a Canadian Public Company operating a larg...