SOURCE: ECO2 Forests Inc.

ECO2 Forests Inc.

April 01, 2010 16:00 ET

ECO2 Forests International Forest Project Targets Pass 1.5 Million Acres

SACRAMENTO, CA--(Marketwire - April 1, 2010) -  ECO2 Forests Inc. (PINKSHEETS: ECOF) is proud to announce that it has achieved another milestone today with total acreage of potential international projects under review surpassing 1.5 million acres for the first time.

The 1.5 million acres being considered include a combination of reforestation, afforestation and avoided deforestation projects. Projects are planned to be delivered as part of the company's Global Forestry Plan, producing sustainable lumber and carbon credits for sale on global markets.

"ECO2 Forests has been working extremely hard to build up our list of potential projects and land partners worldwide. We have now surpassed a total of 1.5 million acres of projects in our project pipeline for the first time, with many of these projects well advanced in negotiations and undergoing due diligence," ECO2 Forests CEO Collie Christensen said today.

"Projects in the pipeline under review are located in multiple regions of mainland USA, Australia, Mexico, Europe, South East Asia and South America and are in various stages of review, from initial due diligence and area feasibility through to final stages of negotiation and letters of intent being completed.

"We see this as a significant milestone for ECO2 Forests and recognition of the support we are receiving internationally towards the Global Forestry Plan," Christensen said.

In accordance with the Global Forestry Plan, the network of forests would be strategically located around the world and not focused on one region, with the goal of positioning ECO2 Forests to deliver significant, consistent and sustainable lumber supplies globally.

The combination of the preservation of old growth forests and the creation of new forests for sustainably managed lumber production is central to the ECO2 Forests strategy.

"Our revenue forecast for forestation projects under the Global Forestry Plan is approximately $110,000 per acre for each 7-year regenerative harvest cycle using our range of Kiri Trees. We look forward to securing more projects for our shareholders and investors and also for the environmental and social benefits our projects are intended to deliver," Christensen added.

As projects enter the pre-execution stage, direct investment opportunities are intended to be made available to suitably qualified investors. Further details regarding investment into projects will be released with future project announcements and will be available to accredited investors through the investor section of the Company's website, www.eco2forests.com.

About ECO2 Forests Inc.
ECO2 Forests is a progressive international forestation company focused on reforestation, afforestation and avoided deforestation projects for the generation and sale of sustainable lumber and carbon credits to the global markets.

Headquartered in Sacramento, California, the Company has adopted an 'E4 Philosophy' to achieve positive Environmental, Economic, Employment and Educational outcomes through its projects.

For more information please visit www.eco2forests.com.

Forward Looking Statements
This press release contains statements which constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

Contact Information

  • For all media enquiries please contact:

    United States and International
    Abbi Whitaker
    Abbi Public Relations Inc.
    P) (775) 323 2977
    M) (775) 722 2254
    E) Email Contact

    Australia
    Andrew Laing
    ECO2 Forests Inc.
    P) (+61) 420 971 030
    E) Email Contact
    W) www.eco2forests.com