SOURCE: Forest Resources Management

October 13, 2006 16:04 ET

Forest Resources Enters Into Agreement With Major US Heavy Equipment Manufacturer

DELRAY BEACH, FL -- (MARKET WIRE) -- October 13, 2006 -- Forest Resources Management Corp. (PINKSHEETS: FTRM) announced today that it has entered into an agreement valued at $19.5 million dollars with a major US heavy equipment manufacturer to supply forestry equipment to its South American properties.

The agreements states that the manufacturer will immediately mobilize the equipment and supply operators as well as maintenance staff which will enable the company to more efficiently supply its existing contracts as well as enter into new contracts.

About Forest Resources MGT Corp.

Forest Resources MGT Corp. is a publicly traded company, which owns exclusive development rights in Central and South America for the development of both timber and minerals on a property of over 1.5 million acres.

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All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

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