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(TSX-V: MPE)
Shares Issued: 45,542,547
Last Close: 02-14-2007 $0.11
CALGARY, Feb. 15 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is pleased to announce that it entered into a contract to sell 1,000,000 Colorado Spruce seedlings at a price of $1.50 RMB per seedling (approximately 22 cents CAD per seedling), for a total contract value of $1,500,000 RMB (approximately $220,000 CAD).
Mr. Su Yiu Min, a private businessman in the Guangzhou area of Southern China, has agreed to Purchase 1,000,000 Colorado seedlings in tranches of 250,000 seedlings per shipment starting in February 2007. Further tranches of 250,000 seedlings will be delivered in March through May 2007. Mr. Su Yiu Min intends to plant the seedlings on a cleaned mountain site and allow them to grow to higher heights for landscaping in 3-4 years.
Mr Clarke, Chairman & CEO of Maple Leaf, is pleased that this "sales contract of substantial size" is another successful step forward in Maple Leaf's business model, and that such a profitable sale provides Maple Leaf with good cash flow. Furthermore, this sale to Mr. Su Yiu Min presents Maple Leaf with a demonstration site for other potential purchasers of Colorado and Blue Spruce seedlings, permitting those purchasers an opportunity to view the high quality of Maple Leaf's products.
Maple Leaf's primary mission is to provide top quality, value added nursery seedlings and services for reforestation and landscaping projects in China through a 100% Wholly Owned Foreign Enterprise registered company. Maple Leaf currently has over 6,000,000 various types of seedlings under cultivation in our 110,000 square foot greenhouse facility.
The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.
Statements in this release which describe Maple Leaf's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Maple Leaf to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. Maple Leaf may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.