Business
Maple Leaf Secures $448,000 Revenue per Month from Organic Fertilizer Operation
Maple Leaf Secures $448,000 Revenue per Month from Organic Fertilizer Operation
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\nMaple Leaf Secures $448,000 Revenue per Month from Organic Fertilizer Operation\n\n\n Jul. 9, 2009 (Baystreet.ca) -- CALGARY -- Maple Leaf Reforestation Inc. (TSX.V: MPE) is pleased to announce that it has signed distribution agreements with five sales agents to sell a total of 1,000 tons of fish meal per month starting July, 2009.\n\nPursuant to the distributorship agreements, the sales agents will be responsible to sell 1000 tons of fish meal per month in three different regions of Hunan Province. Each agent will first be engaged on a two month trial basis. If any agent fails to meet its particular sales quota, the distribution agreement with that agent will be terminated after the two month trial period. The first 1,000 tons will be delivered to the agents during July, 2009. The fish meal will be sold to the agents for $448 Cdn (2,600 Rmb) per ton. The total revenue from these agreements will be $448,000 Cdn (2,600,000 Rmb) per month. Maple Leaf will receive 60% of the payment upon delivery to the agents and the balance within 90 days of delivery. \nRaymond Lai, President & CEO of Maple Leaf comments, \"These distribution agreements will allow us to access three regions of Hunan Province that we otherwise would have had difficulty securing fish meal sales in. This new revenue will greatly improve our ability to ramp up the Organic Fertilizer Operation. We hope that this sales structure will prove to be very beneficial in terms of expanding the breadth of our sales ability. Depending on the success of this sales structure we may further utilize it to tap other regions in Hunan Province and other regions of China. We may also increase the tonnage sold to the agents in these three regions if their sales efforts are successful and greater demand exists in these regions.\" \nAbout Maple Leaf Reforestation Inc. \nMaple Leaf is a Canadian company operating four environmental related projects in China: \n\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 manufacture of bio-diesel fuel and cooking oil and complement\nthe fabrication of the ever demanding nutritious alfalfa feedstock;\n\n3. an organic fertilizer plant in the Hun...