Last Close: July 19, 2010 - $0.105
Shares Issued: 64,036,627
CALGARY, July 20 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is pleased to announce that subject to approval by the TSX Venture Exchange, Mr. Perry Lee has been appointed as Vice-President, Bio-fuel and Waste Oil Project Development.
Mr. Lee was the Plant Manager at a Canadian bio-fuel facility from January 2008 to October 2009, and has since fulfilled the role of Vice-President of Production at this facility. In his new role as V.P., Mr. Lee has successfully built a 5 million liter per year biodiesel production facility and is responsible for overseeing the growth of the facility's production to a desired 25 million liters of biodiesel per year.
In Mr. Lee's previous role as Plant Manager, he supported the process engineering development of the production facility, he was responsible for managing and overseeing activities such as operations, maintenance, laboratory feedstock and biodiesel logistics, he oversaw quality control processes and procedures to ensure that the biodiesel produced met regulatory specification requirements and he implemented waste management and chemical spill related programs at the facility.
Mr. Lee's experience in the biodiesel industry extends beyond his roles at the facility. Mr. Lee is also the Program Leader of the Biodiesel initiative at the Advanced Chemical Technology Centre. In this role Mr. Lee has initiated biodiesel modeling projects to investigate the most cost effective ways to produce biodiesel and to optimize the bioreactor performance for producing biodiesel. Mr. Lee is presently a Ph.D. Candidate in the Chemical and Biological Engineering department at the University of British Columbia, which he anticipates completing this calendar year.
Raymond Lai, President and CEO of Maple Leaf comments, "We are very excited to have Mr. Lee working with us going forward. We are continuing to take the necessary steps to prepare ourselves to hopefully enter the bio-fuel production industry in China. Mr. Lee's expertise will be invaluable as we advance our relationships with industry participants such as Biodis."
Update on MOU with Biodis
Maple Leaf and Biodis have agreed to extend the term of the MOU until December 31, 2010. Maple Leaf continues to assess project and funding details with Biodis and both parties are confident that they will be able to enter definitive agreements for each of the three joint venture projects by this new deadline.
About Maple Leaf Reforestation Inc.
Maple Leaf is a Canadian company operating five environmental related projects in China:
1. a large-scale forest nursery in Inner Mongolia which is focused on
growing value-added tree seedlings and nursery products;
2. an alfalfa feedstock operation that produced 10,000 tons in 2009 with
great expansion potential and opportunity to build an alfalfa crop
cake processing plant;
3. a multi-faceted Xinjiang Yellowhorn tree project which will provide
for the manufacture of bio-diesel fuel and cooking oil and complement
the fabrication of the ever demanding nutritious alfalfa feedstock;
4. an organic fertilizer plant in the Hunan Province which will produce
environmentally friendly bio-organic fertilizer; and
5. a Flexi-Pipe distribution network to serve the oil and gas industry
and other renewable energy industries.
Maple Leaf is a wholly-owned foreign enterprise which allows the Company 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.
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 there from.
Maple Leaf maintains a forward-looking statement database which is reviewed by management on a regular basis to ensure that no material change has occurred with respect to such forecasts. The Company will publicly disclose such material changes to its forward-looking statements as soon as they are known to management.
SOURCE MAPLE LEAF REFORESTATION INC.
For further information: For further information: regarding Maple Leaf Reforestation Inc., visit www.mlreforestation.com or contact: Maple Leaf Reforestation Inc., Raymond Lai, Chairman, President & CEO, Tel: +1 (403) 668-7560, Fax: +1 (403) 250-2534, E-mail: email@example.com