(TSX-V: MPE)
Last Close: May 30, 2008 - $0.32
Shares Issued: 56,102,327
CALGARY, June 2 /CNW/ - Maple Leaf Reforestation Inc. (TSX Venture - MPE) ("Maple Leaf" or the "Company") today announced that it has selected Global Investor GbR ("Global"), as the Company's investor relations representative in Germany. Global will provide investor relations services to the European audience for a sixty day term. Maple Leaf will pay $27,500.00 USD for the program. The engagement of Global is subject to final approval by the TSX Venture Exchange.
The investor relations program will focus on shareholder communications and building Maple Leaf an active following of investment specialists across Germany. More specifically, Global will prepare an internal research report on Maple Leaf and will also arrange for the preparation of an independent, external research report (the cost of which is included in the payment to Global). Both of these reports will be disseminated to more than 450,000 investors through Global's databases.
Raymond Lai, Chairman, President & CEO of Maple Leaf sees the commencement of investor relations efforts in Germany as a significant step forward for the Company. Mr. Lai comments, "European investors are very active in terms of supporting renewal resource projects. Our Xinjiang Yellowhorn Tree Project is something that should be very exciting to European investors, especially those in Germany which is the world's largest producer and consumer of bio-diesel. Global's services should provide Maple Leaf and its projects with the necessary exposure in the European markets to help raise some awareness about Maple Leaf's listing on the Frankfurt Stock Exchange."
About Maple Leaf Reforestation Inc.
Maple Leaf is a Canadian company operating a large-scale forest nursery whose primary focus is growing value-added tree seedlings and alfalfa feedstock alongside landscaping and nursery products in China. In addition the multi-faceted Xinjiang Yellowhorn tree project will provide for the manufacture of biodiesel fuel. Reforestation has been identified as a critical strategy to help manage China's troubling environmental issues, namely pollution and desertification. Maple Leaf currently has over 6 million varieties of seedlings under cultivation at its nursery facility that includes a 110,000-square foot greenhouse located in Liang Cheng, Inner Mongolia, China.
Maple Leaf is a wholly-owned foreign enterprise ("WOFE"), which allows Maple Leaf to control 100% of the direction and operations of the company in China while permitting the cash generated from operations in China to flow back to Canada.
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Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the China's seedling industry; business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; seedling product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive there from. Subject to applicable law, Maple Leaf disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
All forward-looking statements contained in this document are expressly qualified by this cautionary statement. Further information about the factors affecting forward-looking statements is available in other disclosure documents of Maple Leaf which have been filed with Canadian provincial securities commissions and are available on www.sedar.com.
%SEDAR: 00022303E