(TSX-V: MPE)
Shares Issued: 46,946,727
Last Close: 05-22-2007 $0.31
CALGARY, May 23 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is pleased to announce that it has retained Mr. Deqing Wei as a business consultant for Maple Leaf's operations in China. Mr. Wei is currently the Deputy Minister of Economic and Finance Commission and Congressman of Shanxi Province Congress. His previous governmental appointments in Shanxi Province include: Auditor General of Shanxi Province, Deputy Mayor/Mayor of Yangquan city, Secretary General of Jinzhong City Communist Party Committee and Deputy Section Chief of Pingding County. Mr. Wei's connections throughout various levels of the Chinese government may assist Maple Leaf with accessing the large 'Green Environmental Resource' market in China, which is endorsed and spearheaded by the central government of China.
Additionally, the board of directors of Maple Leaf also approved a grant of 100,000 stock options for Mr. Wei.
Mr. Thomas Xiaolu Tang, Vice-President of Maple Leaf and in his role as the legal representative in China reports: "At present, there are many 'Restoration of Green Environment' projects carried out by various levels of government in China, spending billions of RMB each year; this does not include the equivalent amount of money that is provided through private sector investment. With Mr. Wei's assistance, I am confident that the Corporation will have a better opportunity to participate in some of these projects."
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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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 the 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 the 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.