(TSX-V: MPE)
Shares Issued: 56,082,327
Last Close: 11-01-2008 $0.68
CALGARY, Jan. 14 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") wishes to announce that Mr. Michael Hu has elected to hand over his Chairmanship role of Maple Leaf effective January 11, 2008. Mr. Raymond Lai, the current President & CEO of Maple Leaf will become the Chairman of the Board.
Maple Leaf's management team and Board members are very pleased that Mr. Hu will continue as a director of Maple Leaf and will be maintaining his position as the company's largest shareholder. Since being appointed Chairman in July of 2007, Mr. Hu has provided Maple Leaf with invaluable commitment and dedication to assisting with the growth of the company. Maple Leaf's management team and Board members are extremely grateful for Mr. Hu's contributions to date. Mr. Hu is most notably acknowledged for his superb abilities to market Maple Leaf and attract investors to assist with the company's growth and development. Mr. Lai states that "Mr. Hu has been the cornerstone of Maple Leaf's access to individual investors. Mr. Hu's reputation and connection to the investment community are irreplaceable, thus our company is very lucky to continue to have Mr. Hu on its Board and as our most prominent shareholder".
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.
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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 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.