(TSX-V: MPE)
Shares Issued: 46,542,547
Last Close: 04-27-2007 $0.31
CALGARY, April 30 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") announces that effective immediately the following individuals have been appointed to the Board of Directors and management of Maple Leaf. This new management team has very strong connections in China and a forward moving plan for the Maple Leaf's business model:
Mr. Raymond Lai, a resident of Calgary, has been appointed as a director and the President of Maple Leaf. Raymond holds a Bachelor of Commerce degree received from the University of Calgary in 1975, and has been a registered member of the Certified Management Accountant Society (CMA) for over 25 years. Mr. Lai has been a successful key executive for public companies in the manufacturing and mining industries for over 10 years, and has been instrumental in securing public and private corporate financing both domestic and international.
Mr. Thomas Xiaolu Tang has been appointed to the board of directors and will be the Vice President of Maple Leaf. Mr. Tang will work full time in China and will be Maple Leaf's Legal Representative in China. Thomas has strong management skills in China, and formerly worked in high government departments and for various companies in China for a number of years.
Mr. Jim Hu, a resident of Vancouver B.C., has also been appointed as a director of Maple Leaf. Mr. Hu is a local entrepreneur and has various business and personal interests. Jim will serve as an independent director of Maple Leaf.
Each of the above new directors have been granted 500,000 stock options with Maple Leaf. The board of directors also approved 500,000 stock options for Mr. Michael Hu, a current director of Maple Leaf who joined the board of directors in February of this year.
Mr. Clarke, Chairman & CEO of Maple Leaf, states that "these new directors and their management team will help to move Maple Leaf into the forefront of the seedling business in China. Stronger business ties and a great working knowledge in China will now allow Maple Leaf to flourish and grow."
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.