(TSX-V: MPE)
TORONTO, March 17 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or the "Company") is pleased to announce that E-Research, Independent Equity Research Corp. ("E-Research") based out of Toronto, Ontario, retained by Maple Leaf, has completed an initiating report (the "Report") of Maple Leaf. The Report provides a detailed analysis of the Company's current operations and anticipated future projects. The Report is E-Research's independent analysis of facts and data supplied by the Company's management ("Management"). Management signed an agreement with E-Research which guaranteed no interference from Management regardless of the contents of the Report. The following are some of the statements made in the Report that the Company would like to highlight:
- Maple Leaf's products and services are top government priority in
China, making the Company eligible for government grants and special
tax treatment.
- The cooking oil and bio-diesel processing plant in Xinjiang is a
monopoly guaranteed by the county government. Such monopolies are
rare in the modern-day business world. A monopoly provides certainty
to business, guarantees barrier to entry, eliminates competition, and
protects profit margins.
- Projected earnings per share: year ending January 31, 2009: $0.05,
January 31, 2010 : $0.07 and January 31, 2011: $0.10.
- Maple Leaf has a projected earnings multiple of 7.2 times, without
any value given to the Company's two joint ventures.
- Shares of Maple Leaf are undervalued, as investors over-reacted to
the recent crop failure and series of management changes.
- 12-month Target Price is $0.75 per share.
- The results from the joint ventures are not reflected in the 12-month
Target Price, but this is the driving force for the earnings
projections for the following two years.
Mr. Raymond Lai, Maple Leaf's President & CEO is very pleased with the Report and encourages all current and potential investors to review the Report from E-Research's website, www.eresearch.ca, or from the Company's website mentioned below. The Report will be posted on both websites today. Mr. Lai also welcomes any questions from investors regarding the information produced in the Report. Mr. Lai can be contacted at the e-mail address or telephone number below.
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.
For further information regarding Maple Leaf Reforestation Inc., visit www.mlreforestation.com
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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 therefrom. 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