Maple Leaf Receives 1st Sales Order for Its 'Woody' Peat Moss
FOR: MAPLE LEAF REFORESTATION INC.
AUG 1, 2012 - 18:22 ET
CALGARY, ALBERTA--(Marketwire - Aug. 1, 2012) - Maple Leaf Reforestation Inc. (TSX VENTURE:MPE) ("Maple Leaf" or the "Corporation") announces that it has entered a sales contract with Shandong Yuan Ji Horticulture Garden ("Yuan Ji") to sell to Yuan Ji five 40 ft containers of Maple Leaf's Woody horticultural peat moss for a total sales price of Cdn$54,700 (RMB$345,000). Yuan Ji will pay to Maple Leaf an initial deposit of Cdn$23,600 (RMB$150,000) on or before September 15th to have the order shipped within 60 days. Another Cdn$23,600 (RMB$345,000) will be paid before the shipment leaves Germany, and the balance of Cdn$7,500(RMB$45,000) will be paid upon receipt of the shipment. This order is a trial run for Yuan Ji, and if Yuan Ji finds the peat moss satisfactory, it is anticipated that a long term sales agreement will be made with Maple Leaf.
Shandong province is one of China's major horticultural and vegetable growing centers. Most foreign peat moss producers have distribution offices in this province. Yuan Ji has owned several horticultural and vegetable gardens in Shandong and also a well connected distribution network in central China. This sales agreement is a result of several months of hard work by Maple Leaf's management team to penetrate the Shandong market.
Raymond Lai, President and CEO of Maple Leaf comments, 'Obtaining this sales contract with Yuan Ji is a big step forward for our sale efforts to promote Woody peat moss. I believe Yuan Ji will find our Woody peat moss satisfactory and that it meets their product standard. A long term relationship with them should be forthcoming. Their average consumption of moss peat is between 5 to 10 containers a month, so this sale has the potential to turn into a large long term sales contract for Maple Leaf'.
For further information regarding Maple Leaf Reforestation Inc., visit www.mlreforestation.com.
About Maple Leaf Reforestation Inc.
Maple Leaf is a Canadian company that focuses in the environmental industry with 2 main operating arms:
- Eco-Agriculture - it operates a large-scale nursery business in Inner Mongolia, China that is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification.
- Renewable Energy - it is undertaking to commence a Yellowhorn seedling and tree operation which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.
Maple Leaf is a wholly-owned foreign enterprise which allows the Corporation 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.
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.