Business
Maple Leaf Reforestation Inc. - E-Research Initiating Report
(TSX-V: MPE) TORONTO, March 17 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or the "Compan...
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\n(TSX-V: MPE)\n\n\nTORONTO, March 17 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or\nthe "Company") is pleased to announce that E-Research, Independent Equity\nResearch Corp. ("E-Research") based out of Toronto, Ontario, retained by Maple\nLeaf, has completed an initiating report (the "Report") of Maple Leaf. The\nReport provides a detailed analysis of the Company's current operations and\nanticipated future projects. The Report is E-Research's independent analysis\nof facts and data supplied by the Company's management ("Management").\nManagement signed an agreement with E-Research which guaranteed no\ninterference from Management regardless of the contents of the Report. The\nfollowing are some of the statements made in the Report that the Company would\nlike to highlight:\n\n\n- Maple Leaf's products and services are top government priority in\n China, making the Company eligible for government grants and special\n tax treatment.\n\n- The cooking oil and bio-diesel processing plant in Xinjiang is a\n monopoly guaranteed by the county government. Such monopolies are\n rare in the modern-day business world. A monopoly provides certainty\n to business, guarantees barrier to entry, eliminates competition, and\n protects profit margins.\n\n- Projected earnings per share: year ending January 31, 2009: $0.05,\n January 31, 2010 : $0.07 and January 31, 2011: $0.10.\n\n- Maple Leaf has a projected earnings multiple of 7.2 times, without\n any value given to the Company's two joint ventures.\n\n- Shares of Maple Leaf are undervalued, as investors over-reacted to\n the recent crop failure and series of management changes.\n\n- 12-month Target Price is $0.75 per share.\n\n- The results from the joint ventures are not reflected in the 12-month\n Target Price, but this is the driving force for the earnings\n projections for the following two years.\n\n\nMr. Raymond Lai, Maple Leaf's President & CEO is very pleased with the\nReport and encourages all current and potential investors to review the Report\nfrom E-Research's website, www.eresearch.ca, or from the Company's website\nmentioned below. The Report will be posted on both websites today. Mr. Lai\nalso welcomes any questions from investors regarding the information produced\nin the Report. Mr. Lai can be contacted at ...