Last Close: June 29, 2009 - $0.095
Shares Issued: 61,586,627
CALGARY, June 30 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or
the "Company") is pleased to announce that it received record monthly revenue
during the month of June. Revenue received in June was $236,864 Cdn (1,397,500
Rmb) and was received in connection with the following:
Hunan Organic Fertilizer Plant
The Company shipped 500 tonnes of fish meal at a purchase price of $440
Cdn (2,600 Rmb) per tonne for total revenue of $220,338 Cdn (1.3 million Rmb).
The fish meal was shipped as follows:
- 70.46 tonnes to the 7th Lake Fish Farm of Datong Lake Fish Farm owned
by Hunan Dongting Aquaculture Co. Ltd.;
- 137 tonnes to the 2nd Xihu Fish Farm owned by Hunan Dongting
Aquaculture Co. Ltd.;
- 210.69 tonnes to Qili Lake Fish Farm, Jin City, Hunan; and
- 81.85 tonnes to Baimin Lake Fish Farm, Li County, Hunan.
Xinjiang Alfalfa Operation
The Company shipped 50 tonnes of alfalfa to various customers at a
purchase price of $330.50 Cdn (1,950 Rmb) per tonne for total revenue of
$16,525 Cdn (97,500 Rmb). The Company hopes to obtain additional working
capital in the near term to permit the ramping up of its alfalfa operations.
The majority of the funds raised through the Company's recent private
placement were used to fund the Greenhouse and Organic Fertilizer Plant.
Inner Mongolia Greenhouse
No seedling shipments were made during June and no revenues were received
from the Greenhouse operations. The Company intends to make its next shipments
at the end of July.
Raymond Lai, President & CEO of Maple Leaf comments, "June's revenue
marks the first meaningful intake of funds from product shipments for the
Company. It is my hope that going forward revenues will consistently grow from
month to month as our three main projects ramp-up. I am particularly excited
about how quickly the Fertilizer Plant has produced a meaningful revenue
About Maple Leaf Reforestation Inc.
Maple Leaf is a Canadian company operating four environmental related
projects in China:
1. a large-scale forest nursery in Inner Mongolia which is focused on
growing value-added tree seedlings and alfalfa feedstock alongside
landscaping and nursery products;
2. 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;
3. an organic fertilizer plant in the Hunan Province which will produce
environmentally friendly bio-organic fertilizer; and
4. 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 Maple Leaf
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.
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: (403) 668-7560, Fax: (403) 250-2534,